Share Market Updates
September 19, 2017
The early historical past (1908 – 1960) – The historical past of oil exploration in Nigeria dates back to 1908 when Nigerian Bitumen Corporation performed exploratory work within the nation; nonetheless, the firm left the nation on the onset of World Battle I. Thereafter, license was given to D’Arcy Exploration Company and Whitehall Petroleum. With reference to our press release of 5 March 2014 a resigned accomplice purchased on 10 February 2017 100,000 ASC-shares from ABG Sundal Collier Holding ASA (“ABGSC”) as settlement of a ahead contract that was beforehand enter into. ABGSC owns 5,878,890 treasury shares following the transaction above. The purchase value is NOK 0.23 per share, reflecting the restrictions imposed on partner shares.
John Olaisen bought one hundred,000 shares on a forward contract with settlement 1 June 2022. Mikael Hansson offered 12,500 shares at NOK 5.60 per share. Following the transactions Hans yvind Haukeli 2,000,000 shares plus 300,000 shares on a forward contract. The previously agreed value of NOK 14.07 per share has been adjusted for dividends, interest adjustments and extension of the ahead contract.
A a hundred% owned firm, owns 865,000 shares plus 400,000 shares on a ahead contract. 1 Subject to the approval of the members to supply and allot consent of board approval is accorded to subject fairness shares on preferential situation upto an Rs.forty.00 Cr. Household controlled firms, purchased 533,000 shares and owns 5,583,000 shares following the transaction.
The company has ahead contracts with partners purchasing a total of 40,792,967 shares with settlement in 2017 – 2022. With regards to our press release of three March 2015 ABG Sundal Collier Holding ASA (“ABGSC”) on 7 September 2017 offered 300,000 ASC-shares to Hans yvind Haukeli as settlement of a forward contract that was beforehand enter into. On the subject of our press releases of seven March 2012 and 6 March 2013 a associate bought on 1 August 2016 520,000 ASC-shares from ABG Sundal Collier Holding ASA (“ABGSC”) as settlement of forward contracts that were beforehand entered into.
The shares have been sold at a median value of NOK 2.2145 per share. The company has ahead contracts with partners buying a complete of 34,873,seven hundred shares with settlement in 2018 – 2022. The beforehand agreed worth of NOK 5.28 per share has been adjusted for dividends, curiosity changes and earlier settlement of the ahead contract. As regards to our discover despatched 5 April 2017 relating to the Annual Common Meeting to be held 26 April 2017, Tine Wollebekk has knowledgeable ABG Sundal Collier Holding ASA (“ABGSC”) that on account of her new place as CEO of Norwegian Finance Holding ASA, she is now unavailable for a place as Board member of ABGSC.