KMC Properties ASA - Mandatory notification of trade and disclosure of large shareholding

KMC Properties ASA - Mandatory notification of trade and disclosure of large shareholding

19 Nov 2021 17:38 CET

EBE Eiendom AS, a large shareholder and close associate to Stig Wærnes, board
member in KMC Properties ASA, announce intra-group restructuring of ownership
and consequently reports notification of trades and disclosure of large
shareholding. Oslo Børs has granted an exemption from the mandatory bid
obligation pursuant to section 6-2 (3) of the Norwegian Securities Trading Act,
based on the consideration that the intra-group reorganization of ownership in
KMC Properties does not involve a change of control or is part of a chain of
transactions that may constitute a change of control.

On 19 November 2021, Kastor Invest AS, owner of 50% of the shares in EBE
Eiendom, has transferred all its shares in EBE Eiendom AS to KMC Family AS by
way of dividend distribution. Furthermore, Frøya Invest AS and EBE Eiendom AS
have on 19 November 2021 entered separate agreements with KMC Family AS to
merge, whereas KMC Family AS is the surviving entity.

Following completion of the merger, KMC Family AS, a company controlled by
Bekken Invest AS and Kastor Invest Holding AS, and a close associate to Stig
Wærnes, will own 116 466 891 shares and votes in KMC Properties ASA directly,
equal to 41.43% of the shares and votes in KMC Properties ASA.

In addition, BEWI ASA, a company owned indirectly 62.35% by KMC Family AS, owns
3.05% of the shares in KMC Properties ASA. As a result, KMC Family AS will
directly and indirectly control 125 038 319 shares and votes in KMC Properties
ASA, equal to 44.48%. The shares will be deemed transferred at the closing price
of the shares of KMC Properties ASA on 19 November 2021.

Following completion of the merger, EBE Eiendom AS will no longer hold any
shares in KMC Properties ASA.

Please see the attached notification in accordance with MAR article 19.

More information:
Access the news on Oslo Bors NewsWeb site

547427_211119 PDMR form KMC Family_intra-group transaction.pdf

Source

KMC Properties ASA

Provider

Oslo Børs Newspoint