Weifa ASA: Key information relating to the reverse split to be carried out by Weifa ASA and mandatory notification of trade

Reference is made to the stock exchange announcement made by Weifa ASA (the "Company") on 1 July 2016 containing the minutes from the extraordinary general meeting where a reverse split with a ratio of 25:1 and a related share capital increase of NOK 0.60 was adopted.

The Company has resolved that the reverse split shall be implemented based on the key dates set out below under "Key Information".

Key information:

Date on which the corporate action was made public: 10 June 2016
Reverse split ratio: 25:1 (25 existing shares give 1 new share)
Last day including right: 12 July 2016
Ex-date: 13 July 2016
Record date: 14 July 2016
Date of approval: 1 July 2016

Other information: After the completion of the reverse split, the Company will have 36 472 069 shares outstanding, each with a nominal value of NOK 7.50.

In order to facilitate the rounding up of shareholdings not divisible by twenty-five, the Company has today purchased 20 000 own shares at a share price of NOK 0.93. Following the trade, the Company holds 20 325 own shares.

This information is published in accordance with the requirements of the Continuing Obligations and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Contact:
Simen Nyberg-Hansen
CFO
[phone]
[e-mail] (mailto:[e-mail])

 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Weifa ASA via Globenewswire

HUG#2026276