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EDB ErgoGroup merger completed

14 October 2010  |  2931 views  |  0 Source: EDB ErgoGroup

Reference is made to the stock exchange announcement of 30 September 2010 concerning the completion of the combination of EDB Business Partner ASA and ErgoGroup AS.

The merger between EDB Business Partner ASA's wholly-owned subsidiary EDB Business Partner Holding AS and ErgoGroup AS was completed today, 14 October 2010, upon registration in the Norwegian Register of Business Enterprises.

Upon completion of the merger, EDB Business Partner ASA changed its name to EDB ErgoGroup ASA and issued 81,064,078 new shares to Posten Norge AS, ErgoGroup AS' shareholder, as merger consideration. Following the issuance of the new shares, the registered share capital in the company is NOK 301,834,333.50, divided into 172,476,762 shares with a nominal value of NOK 1.75. The company's articles of association have been updated accordingly.

With effect from the completion of the merger, the composition of the board of directors was changed in accordance with the resolution adopted at the company's general meeting on 8 July 2010. The board of directors now consist of Arve Johansen (chairman), Anders Brandt, Adine Grate Axén, Anne Lise Aukner, Dag Mejdell, Hilde Ringereide, Wenche Brateng (employee representative), John Ingvar Brekke (employee representative) and Erik Bornø (employee representative). At the same time, Terje Mjøs took up his position as President and CEO.

The company will publish a prospectus in connection with the listing of the consideration shares issued to Posten Norge AS. It is expected that the prospectus will be published today, 14 October 2010.

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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