Reference is made to stock exchange notice of 15.8.2012 regarding the extraordinary general meeting held in TTS Group ASA, in which a reduction of the share capital and the share premium account and distribution to shareholders was resolved.
The creditor deadline under the Norwegian Public Limited Liability Act section 12-6 expired 17 October 2012. The company has not received any objections to the capital reduction.
The capital reduction will be registered at the Register of Business Enterprises 25 October after opening time of Oslo Stock Exchange. The reduction amount, NOK 365 015 751.94 will be disbursed to the shareholders at time of the registration. Disbursement per share will be made in accordance with the amount of outstanding shares at the time of the registration. The shareholders and the amount of outstanding shares at the time of the registration will appear from the shareholder register of 30 October. Disbursement to the shareholders is expected 6 November 2012. Disbursement amount will be NOK 4.2147 per share.
As from 26 October the share will be traded ex right to the disbursement amount.
Bergen, 18 October 2012
Contact persons:
Johannes D. Neteland
President & CEO
Tel +47 918 46 906
Arild Apelthun
CFO
Tel +47 918 19 265
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.