The Board of Luxo ASA has today been informed about a
voluntary offer from Luxo Invest AS (in
establishment).
The Board Members Olav Kjell Holtan (chair person) and Arve J. Andresen (deputy chair person) and Managing Director Mikkel Sandvik participate in the syndicate which has presented the voluntary offer and, therefore, withdraw from the handling of this matter on behalf of Luxo ASA. The legally competent Board consisting of Kristine Landmark, Line Uppard, Gudmund Stokke, Roy Jøran Trangsrud and Bente Luthman, supplemented by detury member Christian Krefting, will be responsible for the handling of this matter. Moreover, Nina Gravråk, CFO, will handle this matter as General Manager on behalf of the company. Mikkel Sandvik will still be responsible as Managing Director of the company's ordinary business.
The Board has appointed a committee, consisting of Kristine Landmark (acting chair person in this matter) and Christian Krefting, who will handle this matter in close cooperation with Nina Gravråk and the company's legal advisor, Mr Arne Didrik Kjørnæs of Wikborg Rein. The Board will also engage a financial advisor in the near future.
The Board will evaluate potential alternative offers from others and try to obtain a higher offer.
Luxo Invest AS (in establishment) will present a voluntary offer in a couple of weeks, probably with a two week term of acceptance.
The Board will give the shareholders an evaluation of the offer according to the Norwegian Securities Trading Act section 6-16, no later than a week prior to the expiry of the offer period.
Contact persons:
Kristine Landmark 90 91 61 90
Nina Gravråk 98 20 61 18