Oslo, 7 December 2021 – Following completion of the compulsory acquisition of the remaining shares in Ocean Yield ASA (the "Company") by Octopus Bidco AS in accordance with the Norwegian Public Limited Liability Companies' Act Section 4-25 cf. the Norwegian Securities Trading Act Section 6-22 (1), as announced earlier today, 6 December 2021, Octopus Bidco AS is now the sole shareholder of the Company.
As a consequence of this, an extraordinary general meeting of the Company was held at 17:30 today at the offices of law firm Schjødt AS in Ruseløkkveien 14, Oslo, Norway.
As follows from the attached minutes, the general meeting inter alia resolved (i) to appoint a new board of directors consisting of Vincent Policard (chair), Anne Christin Døvigen, Jens Ismar, Annicken Gann Kildahl and Bernardo Nogueira, (ii) to apply for a de-listing of the Company's shares from Oslo Børs and (iii) to convert the Company to a private limited company and amend the articles of association. The conversion to a private limited company and the amendment of the articles of association will not take effect until registration of the conversion in the Norwegian Register of Business Enterprises, which will occur after the Company's de-listing has been completed.
The minutes from general meeting will also be made available on www.oceanyield.no.