I.M. Skaugen SE announced on 4 April 2018 a comprehensive refinancing plan, and the plan was approved by shareholder and bondholder meetings held in April 2018. In order to implement the plan the company applied for a Singapore Scheme of Arrangement on 31 May 2018, and a Scheme Moratorium was approved and granted for three months by the Singapore court's on 28 June 2018. For further details re the refinancing plan we recommend the 2017 Annual Report of the company which is accessible on the company's web page.
In connection with the proposed refinancing plans, and in anticipation of a delisting of the company on 17 September 2018 (as approved by the Oslo Stock Exchange), it was suggested to initiate a name change. The name change was approved at the Company's Annual General Meeting ("AGM") held on 31 July 2018, and was subsequently applied for in the Register of Business Enterprises in Norway ("Foretaksregisteret"). I.M. Skaugen SE is now pleased to confirm that the Company's name change to IMSK SE is effective. The ticker code IMSK as well as the company logo remains unchanged.
Oslo, 9 August 2018
IMSK SE