At a board meeting on 25th February, 2015, the Oslo Bors directors agreed the company’s shares.
The stock exchange board stipulated that prior to the first day of listing the company must satisfy the requirement of having at least 500 shareholders, each holding shares with a value of more than NOK10,000; have elected a new board, as described in the listing application and the combined offer document and prospectus and complete the exchange offer in relation to the relocation to Bermuda and thus continue the business currently conducted by the Eitzen Chemical group.
If the company does not satisfy the requirement of having 500 shareholders each holding shares with a value of more than NOK10,000, its shares will be listed on Oslo Axess.
Subject to completion of the offer and satisfaction of the requirements for listing, Team Tankers International is expected to be listed on or about 9th March, 2015.