Oslo, 18 July 2024: Reference is made to the stock exchange announcement made by XXL ASA (the "Company") on 4 June 2024, regarding the Company's annual general meeting resolving a reverse share split of the Company's shares. Key information related to the reverse share split is set out below:
Date on which the corporate action was made public: 14 May 2024
Reverse split ratio: 100:1, i.e. one hundred (100) old shares give one (1) new share
Last day including right: 19 July 2024
Ex-date: 22 July 2024
Record date: 23 July 2024
Date of approval: 4 June 2024 (AGM)
Following completion of the reverse share split, the par value of the Company's shares will be increased from NOK 0.40 to NOK 40. Shareholders who do not own a number of shares which can be divided by 100 shall, in connection with the reverse share split, have their holdings rounded downwards, so that the shareholder receives a whole number of shares. Fractional shares will not be issued and the shareholders will not receive any compensation for the rounding. The fractional shares will be added together to whole shares and will be sold at the Oslo Stock Exchange. The net proceeds from the sale shall be donated to charity as determined by the board of directors.
In connection with the reverse share split, the Company's shares will be transferred to new ISINs.
Please note the following key information for the change of ISIN:
- Issuer: XXL ASA
- Previous ISIN for the Company's ordinary shares (class A-shares): ISIN NO 0010716863
- New ISIN for the Company's ordinary shares (class A-shares): ISIN NO 0013293142
- Previous ISIN for the Company's non-voting shares (class B-shares): ISIN NO 0013014589
- New ISIN for the Company's non-voting shares (class B-shares): ISIN NO 0013293159
- Date of ISIN change: 23 July 2024
For further queries, please contact:
Investor Relations:
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
Press contact:
Jan Christian Thommesen
Tel: +47 918 21 387
E-mail: presse@xxl.no
About XXL:
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.
This information is subject to the disclosure requirements pursuant to Oslo Rule Book II for companies listed on Oslo Børs.