(Oslo ,11 June 2021 )Arribatec Solutions ASA (Arribatec, OSE: ARR) today announces the implementation of the previously communicated plan to merge the subsidiary Arribatec AS with the parent company. Reference is made the to the announcement4 September 2020 , where Arribatec announced its acquisition of a majority of Arribatec AS with the intention of a subsequent merger and Arribatec as the acquiring entity. The board of directors of the companies have today entered into a merger plan which regulates the merger of the two companies. Through the merger, Arribatec AS will transfer all its assets, rights and liabilities and on completion of the merger Arribatec AS will be dissolved. The shareholders of Arribatec AS, other than the Company, will through the merger receive consideration in the form of 124,790,135 new shares in Arribatec. The merger is subject to the approval of the shareholders meeting of the two companies. Arribatec will call for an extraordinary general meeting to the held inJuly 2021 for such purpose. The merger will be completed after a statutory creditor's notice period to be completed following the extraordinary general meeting. ENDS For additional information, please contact:Geir Johansen , CFO,Arribatec Solutions ASA : +47 4771 0451 About Arribatec | www.arribatec.com Arribatec is a software and consulting company headquartered inOslo . With a customer centric engagement model, combined with a deep system, integration and domain competence, Arribatec builds long term strategic partnership with a broad customer base. Arribatec serves more than 850 large entities spread over 20 countries and various industries, both in the private and public sector. The company employs approximately 350 people taking announced acquisition into account, with offices in 15 countries and is listed on theOslo Stock Exchange under the ticker code ARR.
Click here for more information
© Oslo Bors ASA, source