On 15.05.2019, the board of directors of Flakk Composites AS resolved to propose
to its shareholders meeting that Flakk Composites AS shall demerger certain
assets to two entities to be incorporated as part of the demerger, included in
which are 25 000 000 shares in Hexagon Composites ASA. Flakk Composites AS is
wholly owned by Flakk Gruppen AS, a company owned 98.7% by Knut Flakk, chairman
of the board of Hexagon Composites ASA. Flakk Composites AS will change its name
to Flakk Rollon AS as part of the demerger.
After, and subject to, completion of the demerger Flakk Rollon AS will hold
4 340 504 shares (2,37%) of the total number of shares in Hexagon Composites
ASA, whilst Flakk Composites AS (acquiring entity 1, to be established) and KF
Finans AS (acquiring entity 2, to be established), which will be incorporated as
wholly owned subsidiaries of Flakk Gruppen AS, will hold 20 000 000 shares
(10,91%) and 5 000 000 shares (2,73%), respectively, of the total number of
shares in Hexagon Composites ASA.
The total holding of Knut Flakk and his close associates, including Flakk Rollon
AS, Flakk Composites AS and KF Finans AS, remains unchanged in Hexagon
Composites ASA. The demerger is expected to take place at the start of Q3 2019.
For more information: Flakk Gruppen AS, by Knut Flakk Telephone: +4799746000 /
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.