Update on mandatory bid by TECO Group AS and delisting application
With reference to the Extraordinary General Meeting
held on 14. February 2012 where a resolution was
passed to apply for delisting of TECO Maritime ASA
from the Oslo Stock Exchange.
The Board of TECO Maritime ASA has been informed by
TECO Group AS that they, together with closely
related parties and shareholders that have expressed
that they support a delisting, now control approx.
76% of the shares of TECO.
The Board will monitor the situation closely and
continuously evaluate the possibility of applying for
delisting of TECO according to the resolution passed
by the Extraordinary General Meeting.