The Board of Directors of Solvang ASA, and the wholly-owned subsidiary International Gas Carriers AS, have in a meeting held on 22nd April 2016 signed a joint merger plan for a merger between the two companies, with Solvang ASA as the recipient company. The Boards of directors plan to adopt the merger of the companies at board meetings the 26th May 2016.
The merger will be undertaken as a simplified parent-subsidiary merger without compensation based on the Norwegian Public Limited Liability Companies Act section 13-24. Financial statements for the past three years are available at the Company's business address and the company's website www.solvangship.no/investor-relations.
A merger will not have financial or tax consequences for the Group.
Stavanger 22nd of April 2016