Based on the application, and the fact that the company after the compulsory transfer of shares no longer satisifies the requirements for listing (share distribution requirement), OSE has decided that a de-listing is justified.
According to this OSE has decided to de-list the shares in Unitor ASA. Last day of listing will be 20 January 2006.
On 2 January 2006 Wilh. Wilhelmsen ASA (WW) decided to buy the outstanding 411 144 shares in Unitor ASA. As a consequence, Wilh. Wilhelmsen with subsidiaries became the sole owner of Unitor ASA. You will find a link to more information about the compulsory transfer below.
Background:
On 20 June 2005, Wilh. Wilhelmsen reached an agreement to buy 90.4 percent of the shares in the Unitor group. The acquisition was based on WW’s strategy of developing its subsidiary Wilhelmsen Maritime Services (WMS) into a leading global player in the maritime service sector.
WMS aims to become the leading global network for the sale of products and services to the maritime industry. Through the Barber International, Barwil and Unitor companies, it covers technical management and maintenance of vessels, crewing and agency services. WMS also delivers products and services to ships in service, as well as equipment and systems for fire protection, safety, incineration and insulation to the global shipbuilding industry. WMS is currently represented by more than 280 offices in 72 countries.