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Business & Finance

Kellogg Firm News Room

The early history (1908 – 1960) – The history of oil exploration in Nigeria dates back to 1908 when Nigerian Bitumen Corporation carried out exploratory work within the nation; however, the agency left the nation at the onset of World Struggle I. Thereafter, license was given to D’Arcy Exploration Firm and Whitehall Petroleum. As regards to our press releases of 5 March 2008, 10 March 2010, 9 March 2011, 5 March 2014 and three March 2015 a associate purchased on 19 September 2016 1,473,four hundred ASC-shares from ABG Sundal Collier Holding ASA (“ABGSC”) as settlement of forward contracts that have been beforehand enter into. In addition and just about our press releases of 24 September 2014 and three March 2015 two resigned companions bought on 3 October 2016 850,000 ASC- shares from ABGSC as settlement of forward contracts that had been beforehand enter into.

ABGSC owns 10,781,298 treasury shares following the transactions above. ABGSC owns 6,398,890 treasury shares following the transactions above. ABGSC has forward contracts with companions purchasing a total of 29,461,667 shares with settlement in 2017 – 2019. ABGSC has ahead contracts with partners buying a total of 34,468,seven hundred shares with settlement in 2018 – 2022.

ABG Sundal Collier Holding ASA immediately purchased 6,000,000 ASC-shares at a worth of NOK four.88 per share. It’s the board’s want that elements of the dividend policy is made by means of a buy-again of shares, which may then even be used to satisfy forward contracts with partners in ABGSC group and thereby scale back additional dilution of present shareholders. Transportation providers of the future must harness rapidly evolving technologies, collaborate with totally new partners, and prepare for disruptive opportunities.

The company has forward contracts with partners purchasing a total of 29,032,967 shares with settlement in 2017 – 2019. ABGSC owns sixteen,834,973 treasury shares following the transactions above. The Board of Directors of ABG Sundal Collier Holding ASA authorised the company’s Annual Report 2016 on 15 March 2017. The shares have been offered at a value of NOK 2.24 per share.

The shares have been bought at a ahead worth of NOK 5.17 per share, the price is reflecting the restrictions imposed on such shares. ABGSC owns 3,455,490 treasury shares following the transactions above. The beforehand agreed costs of NOK four.forty one and NOK 5.28 per share have been adjusted for dividends, interest adjustment and earlier settlement of the ahead contracts.