company news

VACC - Vaccibody doses first patient in Phase II clinical trial of VB10.16 in combination with immune-checkpoint inhibitor in advanced cervical cancer

Company news

2020-07-02 07:55:34

Vaccibody doses first patient in Phase II clinical trial of VB10.16 in combination with immune-checkpoint inhibitor in advanced cervical cancer

• First patient in the VB C-02 trial has received the first dose of VB10.16 and Roche’s immune-checkpoint inhibitor atezolizumab (Tecentriq®)

• First site to open was Oslo University Hospital in Norway

• VB10.16 has previously demonstrated a beneficial safety and efficacy profile in a Phase I/IIa clinical trial in pre-cancerous cervical lesions thus providing a sound rationale for the VB C-02 trial in cervical cancer

Oslo, Norway, July 2nd, 2020 – Vaccibody AS, a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel immunotherapies, announces First Patient Dosed in its VB C-02 trial; a multi-centre, open-label Phase II clinical trial testing a combination of Vaccibody’s VB10.16, a targeted DNA vaccine, and Roche’s PD-L1-blocking immune-checkpoint inhibitor atezolizumab (Tecentriq®) in patients with advanced or recurrent, non-resectable HPV16 positive cervical cancer.

Siri Torhaug, Chief Medical Officer of Vaccibody, said: “We are excited to have the first patient dosed with VB10.16 at our Norwegian site at Oslo University Hospital, and to initiate the clinical collaboration with Roche. Today, advanced cervical cancer patients have limited treatment options. The trial addresses the high unmet medical need in this patient population, as well as the need for novel treatment options.”

Agnete B. Fredriksen, President & Chief Scientific Officer of Vaccibody, added: “VB10.16 is the frontrunner in the Vaccibody cancer vaccine portfolio. The rationale for this trial is supported by the positive data from the Phase I/IIa clinical trial with VB10.16 as monotherapy in patients with precancerous cervical lesions and data supporting a scientific rationale for synergistic effect of combining VB10.16 with checkpoint inhibitors. We believe the combination of VB10.16 and atezolizumab can enhance the anti-tumor efficacy in advanced cervical cancer patients.”

The planned open-label Phase II clinical trial is designed to evaluate the safety and efficacy of multiple dosing with VB10.16 immunotherapy in combination with atezolizumab in patients with advanced or recurrent non-resectable HPV16 positive cervical cancer, who failed or are not eligible for current standard of care. The VB C-02 clinical trial is a multi-centre, open-label clinical trial and will enroll up to 50 patients in six European countries. The clinical trial has the Identifier: NCT04405349. 

About VB10.16
VB10.16 is an investigational therapeutic DNA vaccine developed to treat human papillomavirus type 16 (HPV16) induced malignancies and pre-malignancies. The drug candidate has demonstrated favorable 12M clinical data in a Phase I/IIa clinical trial in pre-cancerous HPV16 induced high grade cervical intraepithelial neoplasia (HSIL; CIN 2/3).

About cervical cancer
Cervical cancer is the most common cancer among women in developing countries and is the second most common cancer amongst women worldwide. An estimated 45 thousand cases of cervical cancer will be diagnosed in the US and EU in 2020 and similarly an estimated 18 thousand deaths from cervical cancer will occur in 2020. Cervical cancer is caused by high risk HPV. HPV16 is the virus type that most frequently causes cancer. It has been reported to be the most common genotype in high grade cervical intraepithelial neoplasia. It is detected in up to 60% of all cervical cancers, especially in younger women and it has also been found to play an essential role in the development of several other cancer types (approximately 90% of anal cancers; 70% of oropharyngeal cancers, 40% of penile-, vaginal-, and vulvar cancers; and 25% of oral cavity cancers). Gardasil® and Cervarix® are preventive HPV vaccines which prevent infection of HPV, but these do not have an effect in already infected patients. A high percentage of the eligible population for the preventive vaccines does not get vaccinated, thus HPV infection and HPV+ cancer still requires effective therapeutic interventions. There is currently no available therapy treating HPV specifically.

About Vaccibody
Vaccibody is a clinical-stage biopharmaceutical company dedicated to the discovery and development of novel immunotherapies. The Company is a leader in the rapidly developing field of individualized cancer neoantigen vaccines and is using the Vaccibody technology to generate best-in-class therapeutics to treat cancers with a high unmet medical need. Further, the Company has initiated research on infectious diseases.

Vaccibody is developing cutting-edge, targeted DNA vaccines for clinical use, based on a deep understanding of immunological principles. Vaccibody’s vaccines specifically target Antigen Presenting Cells (APC), which are essential for inducing rapid, strong and specific immune responses and elicit efficacious clinical responses. By intelligent design, Vaccibody’s vaccines can be tailored to induce the desired immune response profile correlating with protection for each specific disease with any given antigen. Hence, the Vaccibody vaccine platform has the potential to address many disease areas with a high unmet medical need such as cancer and infectious diseases. In addition, Vaccibody has collaborations with Roche and Nektar Therapeutics.

Vaccibody’s lead product candidates are VB10.NEO, a personalized therapeutic cancer neoantigen vaccine currently being evaluated in a Phase I/IIa clinical trial, and VB10.16, a therapeutic cancer vaccine against HPV16-related cancers that is currently being tested in a Phase II clinical trial.

Vaccibody’s shares are traded on NOTC, a marketplace for unlisted shares managed by NOTC AS, which is owned 100% by Oslo Børs ASA, the Oslo Stock Exchange.

Further information about the Company may be found at

CEO Michael Engsig
Vaccibody AS
Cell: +45 6173 1509

Vaccibody AS
Oslo Research Park
Gaustadalléen 21
0349 Oslo, Norway VACC - VB1016 + atezolizumab first dose.pdf

Extraordinary General Meeting of Avida Holding AB (publ)

Company news

2020-07-01 16:30:26

Notice has been issued to the Extraordinary General Meeting of Avida Holding AB (publ), org. no. 556780-0593.

The Extraordinary General Meeting will be held on August 4, 2020, at. 10.30 am at Avida Finans AB's (publ) office, Södermalmsallén 36, 118 28 Stockholm.

A complete notice and agenda is published on the company's website.  

Net1 International: Annual report 2019 and status update

Company news

2020-07-01 16:21:39

Oslo, 1 July 2020 - Net1 International Holdings AS (the “Company” or with its subsidiaries “the Group”) has today published its Annual Report for 2019. The Annual Report is attached to this release and is also available on the Group’s website.

Further to the progress reported on 27 April 2020, the report informs that in May 2020 a further amount of USD 800,000 (NOK 7 million) and IDR 5 billion (NOK 3 million) were funded by Rasmussengruppen and Sampoerna respectively as a further tranche of the September 2019 bridge loans, that the Company in June was in the advanced stages of negotiations to extend the September 2019 bridge loans of NOK 50 million and IDR 21 billion (NOK 132 million) from Rasmussengruppen and Sampoerna from 30 June 2020 to 31 July 2020, and that the Group in Q3 2020 intends to raise debt and equity capital to support its operations.

The Company is in discussions with potential funders and investors with the goal of raising additional long-term financing and refinancing of the Group’s existing USD 40m senior secured debt, which will be used to address the Group’s liquidity needs and provide growth capital for the Group’s growth strategy.

Beyond 31 July 2020, the Company will review the status of the above-mentioned proposed long-term financing before considering a further extension request. Should the long-term financing close, then an extension of the Rasmussengruppen and Sampoerna bridge loans for a further 7 years has been agreed in principle. However, there can be no assurance the proposed long-term financing will be closed.

Although there is significant uncertainty in respect of the long-term financing required for the Group’s operations in H2 2020 and beyond, the Board confirms that the prerequisites for the going concern assumption exist and that the financial statements have been prepared based on a going concern.

  Net1 International Holdings AS - Annual Report FY2019.pdf

Atlantica Tender Drilling Ltd. (ATDL) Q1 2020 Financial Statements

Company news

2020-06-30 21:44:21

Please find attached Atlantica Tender Drilling Ltd.'s unaudited consolidated financial statements for Q1 2020.

For further information, please contact:

Reese McNeel
Atlantica Tender Drilling Ltd
+47 41508186

Https:// FS ATDL 1Q20 FINAL.pdf

Atlantica Tender Drilling Ltd. (ATDL) 2019 Financial Statements

Company news

2020-06-30 21:42:52

Please find attached Atlantica Tender Drilling Ltd.'s audited consolidated financial statements for 2019.

For further information, please contact:

Reese McNeel
Atlantica Tender Drilling Ltd
+47 41508186

Https:// FS - Atlantica Tender Drilling - 12-31-19 - Final.pdf

Araca Energy ASA: Results of the Ordinary General Meeting held 30th of June 2020

Company news

2020-06-30 18:20:39

The 30th June 2020 an Ordinary General Meeting was held in Araca Energy ASA, at Bryggetorget 3, 0250 Oslo, Norway.

All the resolutions proposed were passed unanimously.

For further information, please contact:

Harald Sætvedt


Araca Energy ASA: Resultat av ordinær generalforsamling 30. juni 2020

Company news

2020-06-30 18:19:26

Den 30. juni 2020 ble det avholdt ordinær Generalforsamling i Araca Energy ASA, ved Bryggetorget 3, 0250 Oslo.

Samtlige resolusjoner ble enstemmig vedtatt.

Alle spørsmål kan rettes til selskapet ved:

Harald Sætvedt
Administrerende direktør


CASTOR : Castor Maritime Inc. Announces Vessel Acquisition

Company news

2020-06-30 18:16:35

Castor Maritime Inc. Announces Vessel Acquisition

Limassol, Cyprus, June 30, 2020 – Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, announced that it entered today, through a separate wholly-owned subsidiary, into an agreement to purchase a 2007 Chinese-built Panamax dry bulk carrier for a purchase price of $7.85 million from an unaffiliated third party seller.

The acquisition is expected to be consummated by taking delivery of the vessel by the end of August 2020 and is subject to the satisfaction of certain customary closing conditions.

Petros Panagiotidis, Chairman, Chief Executive Officer and Chief Financial Officer of Castor, commented:

“We are pleased that we have been able, in a very prompt manner, to put some of the recently raised capital to use by agreeing to the acquisition of the fourth vessel in our fleet. We believe that the current market should provide us with further opportunities to grow our Company in a way that will maximize long-term shareholder value.”

About Castor Maritime Inc.

Castor Maritime Inc. is an international provider of shipping transportation services through its ownership of dry bulk vessels. The Company’s vessels are employed primarily on medium-term charters and transport a range of dry bulk cargoes, including such commodities as coal, grain and other materials along worldwide shipping routes.
Upon completion of this acquisition, the Company's fleet will consist of four Panamax dry bulk carriers.
For more information please visit the company’s website at

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include general dry bulk shipping market conditions, including fluctuations in charterhire rates and vessel values, the strength of world economies the stability of Europe and the Euro, fluctuations in interest rates and foreign exchange rates, changes in demand in the dry bulk shipping industry, including the market for our vessels, changes in our operating expenses, including bunker prices, dry docking and insurance costs, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, the availability of financing and refinancing and grow our business, vessel breakdowns and instances of off-hire, risks associated with vessel construction, potential exposure or loss from investment in derivative instruments, potential conflicts of interest involving our Chief Executive Officer, his family and other members of our senior management, and our ability to complete acquisition transactions as planned. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

For further information please contact:

Petros Panagiotidis
Castor Maritime Inc.

Media Contact:
Kevin Karlis
Capital Link
Email: Castor_Maritime_Inc_Announces_Vessel_Acquisition.pdf

Atlantica Tender Drilling Ltd. (ATDL) Financing and Operations Update

Company news

2020-06-30 17:37:19

Bermuda, 30 June 2020 – Atlantica Delta is in the process of demobilization from Total’s Moho Nord TLP offshore Congo (Brazzaville). The demobilization process has been extended due to the impact of travel restrictions and other measures resulting from the COVID-19 pandemic. It is now expected that the rig will be fully demobilized and off-hire from early to mid-August 2020. At this time, the company intends to reposition the Delta for stacking until a new opportunity can be secured.

Atlantica Beta operations are currently suspended, and the rig remains on location at Petrobras’s Papa Terra TLP offshore Brazil. The Beta remains on a long-term standby rate with Petrobras. We await further instructions from Petrobras when drilling is to resume.

Following the end of the Delta contract with Total and unprecedented situation involving the global COVID 19 pandemic, ATDL suspended bond coupon payments and the payments of interest and amortisation under the senior bank facility in March 2020. While formal standstill arrangements with the bondholders and senior lenders have expired, ATDL remains in dialogue with its financial creditors regarding the way forward and is hopeful that a positive resolution can be found in the near future.

For further information, please contact:
Reese McNeel
Atlantica Tender Drilling Ltd.
+47 415 08 186


Dwellop AS | Key information relating to reverse share split

Company news

2020-06-30 08:13:34

Reference is made to the announcement by Dwellop AS on 29 June 2020 pertaining to the annual general meeting at which it was resolved to carry out a consolidation (reverse split) of the company's shares in the ratio of 1000:1.

The key dates for the reverse share split are set out below:

Date on which the corporate action was made public: Monday, 22 June 2020
Reverse split ratio: 1,000 old shares give 1 new share
Last day of trading of unconsolidated shares: Friday, 3 July 2020
Ex-date/First day of trading of consolidated shares: Monday, 6 July 2020
VPS Record date: Tuesday, 7 July 2020
Date of approval: Monday, 29 June 2020

The number of consolidated shares issued to each shareholder listed in the VPS on the record date will be rounded down to the nearest whole number. The surplus shares will be sold over the NOTC, and the proceeds will be donated to charity. For further details, please refer to the notice of the annual general meeting dated 22 June 2020.

* * *
For further information, please contact:
Helge Hustoft, Chief Executive Officer
Phone: +47 51 57 29 12
Mobile: +47 91 57 58 76

This information is published in accordance with the disclosure requirements set out in the Continuing Obligations for companies with shares registered on the NOTC-List.



Company news

2020-06-29 17:49:06


Det vises til melding pr 19. juni vedrørende vedtak om reparasjonsemisjon og start av tegningsperiode, og minnes om at tegningsperioden avsluttes 1. juli 2020 kl. 12.00.

For ytterligere informasjon:
Jakob Bronebakk, CEO: +47 906 39 637
Bryan, Garnier & CO: +47 979 70 540

Dette er MyBank:
MyBank er en 100% digital bank som skal hjelpe kunder med betalingsanmerkninger eller andre økonomiske problemer til å refinansiere dyr gjeld med sikkerhet i bolig. I tillegg tilbyr banken en attraktiv rente på sparekonto med full fleksibilitet. Banken fikk konsesjon i juli 2016, og startet virksomhet i første kvartal 2017. MyBank benytter låneagenter som en viktig salgskanal, sammen med målrettet digital markedsføring. Denne effektive og skalerbare forretningsmodellen skal gi konkurransedyktige vilkår over tid. For flere opplysninger, se


Navig8 Chemical Tankers Inc (N-OTC: "CHEMS")

Company news

2020-06-29 14:13:30

Navig8 Chemical Tankers Inc (N-OTC: “CHEMS”) - 2019 Audited Financial Statement 2019 Audited Financial Statements.pdf

Dwellop AS: Minutes from annual general meeting – reverse share split resolved

Company news

2020-06-29 12:50:39

The annual general meeting of Dwellop AS was held today, 29 June 2020. All items on the agenda were approved in accordance with the board's proposed resolutions as set out in the notice of the general meeting dated 22 June 2020, including the resolution to carry out a reverse share split in a ratio of 1,000:1. Thus, the nominal value of each share will be increased from NOK 0.024738295 to NOK 24.738295, and the total number of shares in the Company will be decreased from 283,467,392 to 283,467 (rounded down). Information on key dates relating to the reverse share split will be made in due course.
The minutes from the general meeting are enclosed to this notice.
* * *
For further information, please contact:
Helge Hustoft, Chief Executive Officer
Phone: +47 51 57 29 12
Mobile: +47 91 57 58 76
This information is published in accordance with the disclosure requirements set out in the Continuing Obligations for companies with shares registered on the NOTC-List.

  Dwellop AS - Minutes from AGM 29.06.20 FINAL.pdf


Company news

2020-06-29 11:09:39

An Extraordinary General Meeting of Vaccibody AS (the "Company") shall be held on 6 July 2020 at 15:00 (CET) in the Oslo Research Park at Gaustadalléen 21, Oslo, meeting room “Hagen 5”.

CEO Michael Engsig
Vaccibody AS
Cell: +45 6173 1509
E: VACC - Vaccibody AS - EGM - 2020-07-06 - call.pdf

CASTOR : Castor Maritime Inc. Announces Closing of Upsized $20.7 Million Underwritten Public Offering Including Full Exercise of Overallotment Option

Company news

2020-06-29 09:48:50 Castor Maritime Inc. Announces Closing of Upsized $20.7 Million Underwritten Public Offering Including Full Exercise of Overallotment Option.pdf

Otovo AS: organizational update CFO role

Company news

2020-06-28 21:13:27

Lars Syse Christiansen steps down from current role,
Cecilie Ellila Weltz new acting CFO

Co-founder and CFO Lars Syse Christiansen will step down as CFO of Otovo in August this year. Otovo’s current VP Finance, Cecilie Ellila Weltz, will be acting CFO, starting immediately.

Syse Christiansen has been with Otovo from the start, first as co-founder and chairman, then as CFO. He will assist Weltz in the transition and stay on in a function as board chairman of Otovo’s new asset company, European Distributed Energy Assets, delivering Otovo’s leasing offer Solar Saver. He leaves Otovo on friendly terms to found a company in an unrelated industry.

— Lars is a force of nature that has been essential in building Otovo. When he now leaves us I am glad it is to found another venture, and I’m sure he’ll succeed in that too, says CEO Andreas Thorsheim.

Cecilie Ellila Weltz (31) joined Otovo in February from the private equity firm Verdane and has been heading the establishment of Otovo’s leasing offer to consumers, launched in May in Spain and June in Norway. She has a master’s degree in finance from the Norwegian School of Economics (NHH) and in addition to three years at Verdane, she has work experience from corporate finance and acquisition finance at Swedbank.

— I am excited to take charge of the Otovo CFO role. Together with the rest of the finance team I look forward to continue developing the company to establish ourselves as the European number 1 for residential solar, says Weltz.

— We are continuously working on developing our teams recruiting and developing top European business talent. Cecilie came on board specifically to add depth to our finance function - and I am glad to see internal talent stepping up to opportunities like these, says Thorsheim.

Syse Christiansen will leave Otovo in August this year, and holds 202.487 shares and 12.167 options in Otovo.


Annual Report 2019 and Notice of Annual General Meeting in Norda ASA

Company news

2020-06-26 12:51:53

The Board of Directors of Norda ASA has approved the Annual Report for 2019.

The Annual Report is published on the Company's website, together with Notice of Annual General Meeting. The Annual General Meeting will be held on 29th of June 2020.


NHST Media Group AS- endelig resultat av fortrinnsrettsemisjonen

Company news

2020-06-26 09:56:18

Etter utløpet av tegningsperioden 24. juni kl. 16:00 er fortrinnsrettsemisjonen i NHST Media Group fulltegnet. Av 312 500 nye aksjer ble 294 981 aksjer tegnet i tegningsperioden, mens det resterende tegnes iht fulltegningsgarantiene. Melding om tildeling av aksjer sendes tegnerne umiddelbart og innbetaling av tegnet beløp skal skje torsdag 30. juni. Forutsatt rettidig betaling, er levering av de nye aksjene forventet å skje omkring 8. juli 2020.
Etter registrering av de nye aksjene vil det totale antall aksjer i NHST Media Group AS øke med 312 500 aksjer til 1 600 425 aksjer.
Følgende medlemmer av styret og ledelsen, samt tilknyttede selskaper, har tegnet og blitt tildelt aksjer i fortrinnsrettsemisjonen:
- Bonheur ASA, representert i styret ved styreleder Anette Olsen og nestleder Richard Olav Aa, tegnet 186 985 aksjer og ble tildelt 186 985 aksjer til NOK 160 per aksje. Bonheur ASA eier etter dette 882 371 aksjer i NHST Media Group AS.
- Styremedlem Gøran Skaalmo tegnet 50 aksjer og ble tildelt 50 aksjer. Gøran Skaalmo eier etter dette 83 aksjer i NHST Media Group AS
- Styremedlem Richard Olav Aa tegnet 142 aksjer og ble tildelt 142 aksjer. Richard Olav Aa eier etter dette 707 aksjer i NHST Media Group AS


Avida Holding AB and Avida Finans AB (publ) resolves to merge, conditional on closing deal with KKR, to reduce administration costs – de-listing of Avida Holding's shares as a consequence

Company news

2020-06-26 09:15:40

26 June 2020: The board of directors of Avida Holding AB ("Holding") and Avida Finans AB (publ) ("Finans"), jointly referred to as the "Companies" and the boards of the Companies are jointly referred to as the "Boards", hereby announce that the Boards have adopted a merger plan (the "Merger Plan") in order to carry out a downstream merger of Holding into Finans (the "Merger"). The Merger is, inter alia, conditional upon approval from extraordinary general meeting in Holding. The Merger will be carried out by way of absorption whereby Finans will be the transferee company (surviving entity) and Holding will be the transferring company. All 61,485,450 shares in Holding are covered by the Merger, including any additional shares issued by Holding after the date of this press release. The Merger is expected to be completed in November, at the earliest. The Merger Plan is available on the Companies' website,

Background and reasons
Holding does not carry out any other activities other than to own all shares in and manage Finans and the Norwegian subsidiary Avida Inkasso AS with reg. no. 913 778 367 ("Inkasso"). The Boards have concluded that this structure only entails an unnecessarily burdensome administration in the highly regulated niche bank segment and have thus concluded that the Merger would lead to a significant reduction of administration costs as well as a simplified and a more accessible group structure.

Finans, as a credit-market company, is authorized to conduct financing operations and is under supervision by the Swedish Financial Supervisory Authority (the "SFSA"). Thereby, the SFSA shall also approve the Merger Plan.

Merger consideration
Due to the fact that Finans is a wholly owned subsidiary of Holding and that the value of all shares in Finans will reflect the value of the shares in Holding before the completion of the Merger, the merger consideration shall exclusively be in the form of existing shares in Finans and has been established so that one (1) share in Holding entitles the holder to receive one (1) share in Finans (the "Merger Consideration"). Accordingly, no new shares shall be issued as merger consideration and no cash consideration is payable.
The shares in Finans that are paid as Merger Consideration will not be traded at any stock exchange or other market place in connection with the distribution of the Merger Consideration.

Settlement of Merger Consideration
Entitled to receive Merger Consideration will be the shareholders that are included in the share register of Holding on the record date for the Merger, which is expected to occur on 26 November 2020 when the Merger is registered with the Swedish Companies Registration Office ("SCRO").

The Merger Consideration will be settled following the registration through Euroclear Sweden AB ("Euroclear") registering the number of shares in Finans attributable to the entitled shareholder on the shareholder's VP account. Concurrently therewith, the shareholder's shares in Holding will be deregistered from the same account, if not having occurred earlier, and no action is thus required by the shareholders of Holding. The shares in Finans that are paid as Merger Consideration entitle the holder to the rights that shareholders are entitled to from and including the day of registration of the holder as shareholder in the share register of Finans that is administered by Euroclear.

If the shares in Holding are pledged at the time of settlement of the Merger Consideration, settlement will be made to the pledgee. If the shares in Holding are registered with a trustee, settlement will be made to the trustee.

Undertakings prior to the Merger
Holding and Finans undertake, during the period until the completion of the Merger, to take all necessary steps to implement the Merger on the terms set out in the Merger Plan and to continue to conduct its respective operations as usual. Furthermore, Holding and Finans undertake not to, without the prior written consent of the other company:
a) issue shares or other share related securities, or share split or combination of shares, unless the other company participating in the Merger carries out a corresponding issue, share split or combination of shares, so that the relationship of the shares in Holding and Finans is 1:1 in connection to the completion of the Merger; or
b) conduct measures not already described in the Merger Plan, which result in, or alter existing, review by any competent authority and which are essential to be completed in order to carry out the Merger, such as the ownership assessment of Inkasso with exception from the ownership assessment specified as a condition for the Merger in paragraph (c) under the heading "Terms and conditions of the Merger" or change of the articles of association, with the exception of the amendments to be resolved by the extraordinary general meeting of Finans in relation to the Merger and as described in the Merger Plan.

Rights of holders of securities conveying special rights
There are no outstanding warrants, convertibles or other securities with special rights in Holding at the time of this announcement. Further, there are no share related incentive programs for management or other employees in any of the Companies.

Terms and conditions of the Merger
Completion of the Merger is conditional upon the following conditions:
a) that the extraordinary general meeting in Holding resolves to approve the Merger Plan;
b) that the extraordinary general meeting in Finans resolves on the combination of shares and share split, and approves the amendments of the articles of association necessary to carry out the Merger;
c) that receipt of requisite approvals from the SFSA are granted of amendments of Finans' articles of association in accordance with subsection b) above;
d) that the receipt of requisite permissions or approvals from Norwegian Financial Supervisory Authority are granted for Finans to become the new owner of Inkasso;
e) that Eckern Finans Holding AB and FSK Eckern Finans Holding AB ("KKR") subscribes for shares in Holding in accordance with subscription commitment dated on 26 May 2020;
f) that the completion of the Merger not wholly or partially is made impossible or is substantially hampered by laws, court decisions, government rulings or alike; and
g) that neither Holding nor Finans has breached the undertakings set out under the heading "Undertakings prior to the Merger" prior to the day when the Merger is registered in the Register of Companies with the SCRO in such a manner that would result in a material adverse effect for the Merger or the new group after the completion of the Merger.

If the conditions are not satisfied and if completion of the Merger has not occurred at the latest on 31 December 2020, the Merger will not be completed and the Merger Plan shall cease to be valid, however, that the Merger shall only be terminated and the Merger Plan cease to be valid to the extent this is permissible pursuant to applicable law, if the non-satisfaction is of material interest for the Merger. The Boards retain the right, by way of joint decision, in part or in full, to waive the above conditions.

The Boards have, to the extent permissible according to applicable law, the right, by way of joint decision, to decide to postpone the latest date for satisfaction of the conditions above from 31 December 2020 to a later date.
Board of directors and executive management
There are no planned changes of the board of directors or executive management in Finans following completion of the Merger. However, new board members may be appointed following subscription of shares in Holding by KKR.
In addition, there are currently no decisions on significant changes to Holding's or Finans' employees or to the current organization and operations, including the terms of employment and the geographical areas where the Companies operate.

Shareholding by Finans in Holding
Finans does not own or control any shares in Holding, or other financial instruments, which give Finans a financial exposure equivalent to a holding in Holding.

The completion of the Merger is not dependent on any financing, as the Merger Consideration consists exclusively of existing shares in Finans.

Scheduled date for dissolution of Holding
Holding shall be dissolved and its assets and liabilities assumed by Finans as soon as the SCRO has registered the completed Merger in the Register of Companies, which is anticipated to occur within approximately six months from today's date. This is expected to occur no earlier than in November 2020. Holding and Finans will later announce on which day the SCRO will register the Merger.

Last day of trading in Holding's shares and de-listing
Subject on approval by extraordinary general meeting of Holding, the shares of Holding will be de-listed in connection with the completion of the Merger and will thus no longer be traded at NOTC. The shares of Holding will thereafter cease to exist. For shareholders in Holding, the Merger does not entail any actual change in the net worth.

The last day of trading in Holding's share on NOTC is expected to be on 18 November 2020. Holding will later announce which day that will be the last day of trading in Holding's share.
Ownership assessments by competent authorities
The Merger triggers the requirement to carry out ownership assessments of the shareholders of Holding being the new ultimate direct owners of Finans and indirect owners of Inkasso, and the branches Avida Finans AB NUF and Avida Finans AB FIF after completion of the Merger. Such ownership assessment shall be made by the competent authorities in Sweden, Norway and Finland.

Extraordinary general meetings
The Boards will summon the shareholders in Finans and Holding respectively to extraordinary general meetings by separate resolutions. The notices of such extraordinary general meetings will be announced via separate press releases by the Companies.

Preliminary timetable and announcement of documents
All dates below are preliminary and may be subject to change.
6 July 2020 Summon to extraordinary general meetings in Finans and Holding is published in the Swedish Official Gazette
3 August 2020 Extraordinary general meeting in Finans and Holding
28 September 2020 Assessment of ownership by the Norwegian Financial Supervisory Authority of Inkasso is approved
6 October 2020 SFSA approves the Merger Plan
18 November 2020 Last day of trading in Holding's shares
26 November 2020 Record day to participate in the Merger;
the SCRO registers the Merger;
Holding is dissolved; and
de-listing of Holding's shares
30 November 2020 Merger Consideration is settled

Tax issues
The Boards have concluded that the Merger will not have any tax consequences with respect to shareholders of Holding being tax residents in Sweden or Finland. However, the Merger will be treated as taxable and thus lead to a taxable event for taxable individuals and entities Norway. The Boards urge all shareholders of Holding to carry out their own assessment of the potential implications of the Merger on their respective individual tax situation. Please refer to the Merger Plan for additional information.

Laws and disputes
The Merger is regulated by and shall be interpreted in accordance with Swedish law. Disputes concerning, or arising in connection with, the Merger shall be settled exclusively by the Swedish court, with Stockholm District Court as the first instance.
Advokatfirma DLA Piper Sweden KB is acting as legal adviser to the Companies in connection with the Merger.

For further information please contact:
Geir Langfeldt Olsen, Chairman of Avida, Telephone: +34 637 496 224. E-mail:
Tord Topsholm, CEO at Avida, Telephone: +46 72-402 44 35. E-mail:

This is information that Avida Holding AB and Avida Finans AB (publ) are required to disclose in accordance with the EU Market Abuse Regulation. The information was submitted for publication, by the above contact persons, on 26 June, 2020, at 09:15 CET.

About Avida:
Avida is a credit market company that since the start in 1983 has focused on offering loans to individuals and corporates. We are currently about 120 employees, with headquarters in Stockholm and offices in Oslo and Helsinki. We are building a high growth and high-quality business that will not tail off in growth and we have a growth target of SEK10bn loan book by 2020. At Avida we are not like everybody else in this business, we will always go that extra mile to help our customers turn their plans into reality and we promise that we always give our customer the proper attention and the chance to get the financing they need.

Avida is under the supervision of the Swedish Financial Supervisory Authority and our share is listed on NOTC, Oslo stock exchange and like all Swedish banks and credit market companies, we are covered by the state deposit insurance.  

MyBank ASA: MyBank tilføres ny kapital og får ny styreleder

Company news

2020-06-25 17:03:43

MyBank ASA («MyBank eller «Banken») har nylig plassert en emisjon som tilfører Banken NOK 60 millioner. MyBank opplever en sterk vekst innen omstartslån og er med gjennomført emisjon godt kapitalisert for å håndtere også sterk utlånsvekst fremover med en kjernekapital på NOK 181 millioner og en tilhørende CET-1 ratio på 31,3 % basert på balansetall for første kvartal.

Rettet emisjon
Company One AS, et selskap eid 100% av Håkon Fure, har uttrykt et ønske om å delta i kapitaliseringen av banken og Styret i Banken har foreslått å gjennomføre en rettet emisjon mot Company One AS. Dersom styrets forslag blir vedtatt vil Company One AS bli eier av 10% av MyBank. I tillegg inkluderer avtalen at Company One AS vil motta en opsjon som vil kunne øke eierandelen opp til 15% av utestående aksjer i Banken. Company One AS og Fure blir dermed en av de aller største aksjonærene i Banken bak hovedeier som i dag er Erik Selin Fastigheter AB. Erik Selin er gründer og største eier i Fastighets AB Balder som igjen er største eier i Collector Bank AB.

Valgkomiteen foreslår Håkon Reistad Fure som ny arbeidende styreleder
I forbindelse med kapitalinnskuddet fra Company One AS har selskapet bedt om styrerepresentasjon og Styret i MyBank har i dag vedtatt å kalle inn til ekstraordinær generalforsamling der det foreslås å velge Håkon Reistad Fure til ny arbeidende styreleder i Banken. Fure har sterk bankfaglig bakgrunn, blant annet som tidligere bankanalytiker i DNB Markets, og som aktivt styremedlem og konstituert CEO i Avida Finans AB. Fure har også erfaring som styremedlem i Storebrand og Yara International.

Valgkomiteen i MyBank er svært fornøyd med at Håkon Reistad Fure har tatt på seg vervet som arbeidende styreleder i Banken.
-Vi har store ambisjoner for Banken og har vært på jakt etter en styreleder som har kvalifikasjoner og ambisjoner langt utover hva Bankens størrelse i dag skulle tilsi, uttaler leder av valgkomiteen i MyBank, Eirik Bergh. Han legger til at Banken har vært igjennom en operasjonell og finansiell restrukturering, men at det fortsatt gjenstår mye arbeid før Banken har en avkastning på egenkapitalen som eierne er fornøyd med. – Håkon har bidratt sterkt til at Avida Finans er blitt en suksess og vi føler oss trygge på at han kan være en viktig bidragsyter til at MyBank vil bli en svært lønnsom nisjebank, uttaler Bergh.

Fakta om MyBank ASA:
• MyBank er en norsk, innovativ og heldigital nisjebank som tilbyr attraktiv rente på innskuddskonto i tillegg til boliglån til privatpersoner som typisk ikke evner å få boliglån i de store bankene
• MyBank bringer inn nye kunder både gjennom et nettverk av agenter og direkte gjennom
• MyBank har tatt en strategisk beslutning om å ikke lenger tilby forbrukslån
• Forbrukslånsportefølgen er under avvikling og banken har i dag en større utlånsportefølje av pantesikrede lån enn av forbrukslån
• MyBank guider på positivt resultat fra Q4 2020

For ytterligere informasjon:
Jakob Bronebakk, CEO: +47 90639637 /

Dette er MyBank:
MyBank er en 100% digital bank som skal hjelpe kunder med betalingsanmerkninger eller andre økonomiske problemer til å refinansiere dyr gjeld med sikkerhet i bolig. I tillegg tilbyr banken en attraktiv rente på sparekonto med full fleksibilitet. Banken fikk konsesjon i juli 2016, og startet virksomhet i første kvartal 2017. MyBank benytter låneagenter som en viktig salgskanal, sammen med målrettet digital markedsføring. Denne effektive og skalerbare forretningsmodellen skal gi konkurransedyktige vilkår over tid. For flere opplysninger, se

  25062020 pressemelding mybank.pdf
1949 MyBank EGF innkalling_webfinal.pdf

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