Reference is made to the announcement published on12 August 2021 regarding a contemplated compulsory acquisition of shares inNorwegian Property ASA (the "Company") byGeveran Trading Co Ltd ("Geveran"). Geveran currently owns 636,347,425 shares in the Company, representing approximately 98.88% of the share capital and voting rights in the Company (excluding treasury shares held by the Company itself). Geveran has after market close today,16 August 2021 , resolved a compulsory acquisition of all remaining shares in the Company not already owned by it (the "Minority Shares") with immediate effect. The offered redemption price for each Minority Share will beNOK 18.25 , which is the same price at which Geveran has purchased shares in the acquisition announced on15 July 2021 and in transactions in the market thereafter. The full redemption amount has been placed on a separate bank account in accordance with Section 4-25 of the Norwegian Public Limited Liability Companies Act. The rights and ownership of the Minority Shares will automatically be transferred to Geveran. Accordingly, Geveran will from today be the beneficial owner of 100% of the shares in the Company (other than treasury shares held by the Company itself). Any objections to, or rejection of, the offered redemption price must be made no later than on22 October 2021 . Former shareholders of the Company who do not object to, or reject, the offered redemption price within this deadline, will be deemed to have accepted the offered price. A letter regarding the compulsory acquisition will be sent to all former shareholders of the Company with known address and whose shares have been acquired by way of the compulsory acquisition. In addition, the compulsory acquisition will be announced in the Brønnøysund Register Center's electronic publication. Settlement of the offer price to the minority shareholders will take place on or about Monday23 August 2021 . As a result of the compulsory acquisition, Geveran will pursue a de-listing of the shares in the Company from theOslo Stock Exchange . A separate stock exchange announcement will be published regarding such delisting.
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