Oslo, 22 March 2017: Solon Eiendom ASA (OSE: SOLON). Reference is made to the resolution by the extraordinary general meeting of Solon Eiendom ASA to issue 147 new shares, as announced on 21 March 2017.
The issuance of 147 new shares has been registered with the Norwegian Register of Business Enterprises. Following registration, the share capital of Solon Eiendom ASA is NOK 971,901,120 divided on 9,719,011,200 shares, each with a par value of NOK 0.10. Each share represents one vote in the company's general meeting.
The new shares are issued to Scott Danielsen, CFO. After the issuance of the new shares, Scott Danielsen owns 147 shares in Solon Eiendom ASA.
The share capital increase is made to facilitate a reverse share split resolved by the extraordinary general meeting on 21 March 2017. Pursuant to the general meeting's resolution, the company's shares shall be combined in a ratio of 200:1, whereby 200 old shares will give 1 new share. The company will move forward with implementation of the reverse split and issue a separate announcement regarding time of implementation and other key information, in accordance with the Continuing Obligations of the Oslo Stock Exchange.
Relevant documents referred to in the notice are made available on www.soloneiendom.no .
For further information, please contact:
Andreas Martinussen Chief Executive Officer, Solon Eiendom ASA E-mail: am@soloneiendom.no Cell Phone: +47 400 00 405
Scott Danielsen Chief Financial Officer, Solon Eiendom ASA E-mail: sd@soloneiendom.no Cell Phone: +47 952 55 620
About Solon Eiendom ASA Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region. Solon Eiendom was established in 2006 by founder Simen Thorsen and investor Tore Aksel Voldberg. The company has since its incorporation delivered 570 units with a corresponding sales value of close to NOK ~3 billion and sold more than 800 units with a total sales price of more than NOK ~4 billion.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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