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23.07.2001 Secondary listingThe merger between SPCS - Gruppen ASA and Visma ASA will formally become effective soon after the notification period for unknown creditors ends on 25 July 2001. After consideration of the issue as a whole, the Board of the Directors of the merged company has decided not to apply for a secondary listing on the Stockholm Stock Exchange. This means that the merged company's share will be traded only on the Oslo Stock Exchange. The Board's objective is to increase the liquidity of the share by combining all trading in the share in one marketplace. The Board of Directors realizes, however, that the direct transaction costs for owners of shares registered in the VPC (Swedish securities register) will increase, and that this will affect the smaller shareholders in Sweden. Visma wishes to compensate for this undesired effect. To this end, after the conversion is complete, Visma will make an offer enabling all the owners of Visma shares registered in the VPC - that is, the shareholders who previously owned shares in SPCS listed on the Stockholm Stock Exchange - to sell shares free of charge, up to a specified maximum number. A prospectus with full information about the terms and other details relating to the offer will be drawn up. The aim is that the acceptance period will start during the second half of August, and it is expected to last for three weeks. Contact: �ystein Moan, CEO Tel.: +47 67 52 55 00 Fax.: +47 67 52 55 01 |