Understanding the Reverse Share Split by Havila Kystruten AS
Havila Kystruten AS has recently made important decisions during their extraordinary general meeting that can significantly impact shareholders. One of the major resolutions approved is the implementation of a reverse share split with a ratio of 50:1.
Details of the Reverse Share Split
This corporate action means that every 50 existing shares will be consolidated into one new share. Such measures are often taken by companies to increase the share price and facilitate investment opportunities. However, it will also mean that shareholders who do not hold a number of shares divisible by 50 will see their holdings adjusted downwards. Importantly, fractional shares will not be issued; instead, any fractional share resulting from this process will be aggregated and sold on Euronext Growth Oslo, with the generated funds earmarked for charitable donations.
Key Information for Shareholders
To keep all shareholders informed, here are the essential details about this reverse share split:
Corporate Action Announcement
The announcement regarding the reverse share split was made public recently, ensuring transparency for all invested parties.
Consolidation and Effective Dates
The consolidation ratio is set at 50:1, meaning that 50 old shares will convert to one new share. Key dates related to this action have been specified as follows:
- Date of announcement: 7 November 2025
- Last trading day including the right to the new shares: 10 November 2025
- First trading day excluding the right: 11 November 2025
Change of ISIN
With the reverse share split, there will also be a change in the International Securities Identification Number (ISIN) for Havila Kystruten AS shares. The previous ISIN was NO 0011045429, and it will be replaced with a new ISIN: NO 0013696799. This change will take effect on 12 November 2025. These changes are critical for tracking the shares on a global scale and facilitating smoother transactions.
Contact Information
For further inquiries regarding these corporate actions, stakeholders can reach out to:
Chief Executive Officer: Bent Martini, available at +47 905 99 650
Chief Financial Officer: Aleksander Røynesdal, reachable at +47 413 18 114
Frequently Asked Questions
What is the reason for the reverse share split?
The reverse share split is intended to consolidate shares and potentially enhance the stock’s value, making it more attractive to investors.
How will the reverse share split affect existing shareholders?
Existing shareholders will see their share counts reduced in line with the consolidation ratio, but the aggregate value of their holdings should ideally remain the same.
What happens to fractional shares resulting from the split?
Fractional shares will not be issued; instead, they will be aggregated and sold on the market, with proceeds donated to charity.
When will the new ISIN come into effect?
The new ISIN for Havila Kystruten AS shares will take effect on 12 November 2025.
Who can I contact for more information?
Shareholders can contact the CEO or CFO of Havila Kystruten AS for additional queries regarding the reverse share split or ISIN change.
