Nyheter for Hitec Industries AS

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HITI - statusrapport pr des 2011

Company news

2011-12-22 11:08:25

I forbindelse med at 2011 går mot slutten ønsker Hitec Industries som en informasjon til aksjonærer og marked å legge frem vedlagte statusrapport for selskapets virksomhet.

  HI Aksjonærinfo des11.pdf

HITI - salg av aksjene i Cetix Group AS

Company news

2011-11-02 09:01:19

Hitec Industries har inngått avtale med Ulmatec gruppen om salg av aksjene i porteføljeselskapet Cetix Group AS. Cetix Group ble etablert av Hitec Industries i 2006 og har hatt en solid vekst siden oppstarten med en omsetning i 2010 på over NOK 90 mill. Se også vedlagte pressemelding.

  pressrelease_ulmatec_cetix_english _2_.pdf

HITI - salg av porteføljeselskap

Company news

2011-06-30 13:20:54

Grègoire AS som inngår i Hitec Industries' portefølje har inngått avtale om salg av datterselskapet Grègoire SAS i Frankrike, ref vedlagte pressemeling relatert til transaksjonen. Avtalen krever godkjenning i generalforsamling i Grègoire AS.

  press release Grégoire-SDF_29.06.2011-1.pdf

HITI - Minutes Annual Shareholders' Meeting

Company news

2011-05-16 10:18:01

Minutes of the Annual Shareholders' Meeting of Hitec Industries AS held 11 May 2011 are enclosed (in Norwegian only).

  HI protokoll GF 11mai2011.pdf

HITI: Hitec Industries - 1Q 2011 report

Company news

2011-04-29 14:23:11

Please find enclosed the 1Q 2011 report for Hitec Industries.

  HI rapport Q1_11.pdf

HITI: Annual report and call for shareholders meeting

Company news

2011-04-29 14:16:27

Please find attached the Hitec Industries' annual report for 2010, and the call for the annual shareholders meeting (in Norwegian only).

  HI innkalling GF 11mai2011 OTC.pdf
Årsrapport HI 2010.pdf

Administrerende direktør har sagt opp sin stilling

Company news

2011-02-09 10:50:14

Hitec Industries melder herved at selskapets administrerende direktør, Frode S. Berg, har sagt opp sin stilling for å etablere egen virksomhet. Frode S. Berg vil stå i stillingen så lenge selskapet ser behov for dette i forhold til pågående prosesser og fremtidig organisering.

"Jeg har hatt seks fantastisk spennende år i Hitec Industries med både kjøp av bedrifter, vekst og oppbygging av selskaper samt avhending av virksomheter. Det har vært spesielt tilfredsstillende å følge utviklingen av Remora og HiLoad konseptet gjennom disse årene og det er veldig kjekt at det første HiLoad DP fartøyet nå er klar for operasjon. Hitec Industries har en veldig spennende portefølje av selskaper med dyktige og entusiastiske medarbeidere. Jeg vil takke alle sammen for et meget godt samarbeide og ønske lykke til videre", sier Frode S. Berg.

"Jeg vil takke Frode S. Berg for en fin karriere i selskapet og ønske han lykke til videre med ny virksomhet. Berg deltok i etableringen av Hitec Industries og har tatt mange gode og lønnsomme beslutninger i løpet av sin tid hos oss. Børsnoteringen av Grenland Group, salget av Hinna Park og ferdigstillelsen av HiLoad DP # 1 er vesentlige milepæler i perioden", sier styreleder Tore Gjedebo.


Kontaktpersoner: Tore Gjedebo - styreleder - mob. 930 40 032
Frode S. Berg - adm.dir. - mob. 913 37 409

   

Hitec Industries' 3Q report 2010

Company news

2010-10-27 15:35:30

Please find enclosed the 3Q 2010 report for Hitec Industries.

  HI report Q3_10.pdf

Hitec Industries' portfolio company TORP, gets approval for offshore energy terminal in GoM

Company news

2010-09-16 07:53:15

Governor Riley of Alabama has approved TORP's application for the Bienville offshore energy terminal. This marks a significant milestone in the effort to establish TORP as a worldwide LNG terminal developer.

  TORP Project Approval News Release-9.15.10.pdf

Endring av aksje: Hitec Industries AS (HITI)

Corporate actions

2010-08-23 09:31:47

Det er foretatt endringer i Hitec Industries AS (ISIN:NO0010272487, ticker HITI). Aksjebeholdningen er øket fra 19 987 179 til 69 938 739. Emisjonsverdien er redusert fra 299 807 685 til 69 938 739.

   

Hitec Industries 2Q 2010 report

Company news

2010-08-19 12:28:18

Please find enclosed Hitec Industries' 2Q 2010 report.

  HI report Q2_10.pdf

Hitec Industries' share issue completed

Company news

2010-08-03 10:29:20

The Hitec Industries share issue of NOK 50 million is now completed, being oversubscribed by NOK 7.0 million in total. The final number of shares being allocated to each subscriber in accordance with section 2.5 of the Prospectus is distributed to the individual shareholder today. The new shares will be issued and credited the individual VPS-account later in August pending the date of the registration of the share capital increase with The Register of Business Enterprises in Brønnøysund.

   

Minutes of Extraordinary Shareholders' Meeting, Prospectus and invitation to subscribe in share issue

Company news

2010-06-25 10:33:10

Please find attached the minutes from the extraordinary shareholders' meeting held 24 June 2010 (in Norwegian only). Please also find attached the prospectus and invitation to subscribe for shares in the announced share issue in Hitec Industries sent to all shareholders today. (The information is in Norwegian only).

  Protokoll EOGF HI 24juni2010.pdf
Komplett Tegningsinvitasjon Emisjon 2.pdf

HITI: Call for extraordinary shareholders meeting

Company news

2010-06-18 09:44:01

Please find enclosed, in Norwegian only, call for extraordinary shareholders meeting in Hitec Industries.

For further information call
Frode S. Berg +47 913 37 409

  HI innkalling EOGF 24jun10.pdf

Hitec Industries' 1Q report

Company news

2010-04-23 10:19:26

Please find enclosed Hitec Industries' 1Q report.

  HI rapport Q1_10.pdf

Minutes of annual shareholders meeting

Company news

2010-03-12 11:33:00

Please find enclosed the minutes of the annual shareholders meeting of Hitec Industries.

  HI protokoll ord GF 11mars2010.pdf

HITI: Annual report and call for shareholders meeting

Company news

2010-03-05 09:26:06

Please find attached Hitec Industries' annual report for 2009, and the call for the annual shareholders meeting.

  Hitec Industries 2009.pdf
HI innkalling GF 11mar2010.pdf

Hitec Industries' 4Q report

Company news

2010-02-17 12:59:37

Please find attached Hitec Industries' 4Q 2009 report.

  HI rapport Q4.pdf

Hitec Industries Q3 2009 report

Company news

2009-11-02 08:13:19

Please find attached Hitec Industries' 3Q report.

  HI rapport Q3.pdf

Hitec Industries 2Q 2009 report

Company news

2009-08-26 12:59:05

Please find enclosed Hitec Industries' 2Q 2009 report.

  Q2 report Hitec Industries.pdf

Hitec Industries 4Q report

Company news

2009-04-30 10:26:25

Please find enclosed Hitec Industries' 4Q report

  HI rapport Q1.pdf

Minutes from shareholder's meeting

Company news

2009-03-11 14:34:01

Please find attached minutes from shareholder's meeting. (in Norwegian only)

  Protokoll HI mars 2009.pdf

Hitec Industries Q4 report

Company news

2009-02-20 13:32:44

Please find attached Hitec Industries' 4Q 2008 report.

For further information contact
Frode S. Berg
President & CEO
+47 913 37 409

  Q4.pdf

Endring av aksje: Hitec Industries AS (HITI)

Corporate actions

2009-01-14 13:43:52

Det er foretatt endringer i Hitec Industries AS (ISIN:NO0010272487, ticker HITI). Aksjebeholdningen er øket fra 14 556 148 til 19 987 179. Emisjonsverdien er øket fra 0 til 299 807 685.

   

Share issue in Hitec Industries completed

Company news

2009-01-05 11:26:37

The share issue in Hitec Industries has now been completed. More than 40 shareholders participated raising a total amount of NOK 81,5 million. The shares were subscribed at NOK 15,- per share. The new shares will be issued and credited the individual VPS-account early January 2009 awaiting the registration of the share capital increase with The Register of Business Enterprises in Brønnøysund.

For more information, please contact
Kai T. Nygaard, +47 91 72 09 04
Finance Director

or

Frode S. Berg, +47 913 37 409
Managing Director

   

Prospectus and invitation to subscribe in share issue

Company news

2008-12-18 13:57:25

Please find attached prospectus and invitation to subscribe shares in the announced share issue in Hitec Industries. (The information is in Norwegian only)

For further information please contact
Frode S. Berg
+47 51 31 50 60
or
Kai T Nygaard
+47 51 31 50 62

  Hitec Industries prospekt des 2008.pdf
Vedlegg 4 Hitec årsrapport 2007.pdf

Minutes Extraordinary Shareholder Meeting

Company news

2008-12-18 10:50:34

Please find attached the minutes from extraordinary shareholder meeting held today (in Norwegian only). Prospectus and invitation to subscribe shares will be issued later today.

  HI protokoll EOGF 18des08.pdf

HITI: VITICO AS, A COMPANY CONTROLLED BY HITEC INDUSTRIES, TO PUT FORWARD AN OFFER FOR GRÉGIORE ASA

Company news

2008-12-12 09:42:14

On the evening of 11 December 2008, Vitico AS (`Vitico`), a company controlled by Hitec Industries Portfolio KS (`Hitec Industries`), agreed to purchase 12,904,087 shares in Grégoire ASA (`Grégoire`) for a purchase price of NOK 0.75 per share with settlement in cash. Further, Hitec Industries has agreed to transfer its total shareholding in Grégoire to Vitico at a price of NOK 0.75 per Grégiore share with consideration in the form of shares in Vitico. Accordingly, Hitec Industries will transfer 28,258,619 shares in Grégiore to Vitico. Vitico`s shareholding in Grégoire following these transactions will amount to a total of 41,162,706 shares, representing approximately 48.1 % of the shares and votes in the company. Vitico has obtained a partial exemption from the stand still obligation under the Norwegian Competition Act and accordingly these acquisitions are unconditional. Accordingly, Vitico intend to launch a mandatory offer to acquire all remaining shares in Grégoire at NOK 0.75 per share, pursuant to Chapter 6 of the Norwegian Securities Trading Act. It is expected that a mandatory offer will be launched in the beginning of January 2009.

Neither Vitico nor close associates of Vitico holds shares or rights to shares in Grégoire other than as stated above. Further, following the transaction, Hitec Industries does not directly own any shares or rights to shares in Grégoire.

Frode S. Berg and Per R. Reime, employed by Hitec Industries, are Chairman and board member of Grégoire, respectively.

ABG Sundal Collier Norge ASA is acting as financial advisor to Vitico.

For further information please contact:

Frode S. Berg, phone: +47 9133 7409

   

HITI: Call for extraordinary shareholders meeting

Company news

2008-12-11 16:58:17

Please find enclosed call for extraordinary shareholders meeting in Hitec Industries. (in Norwegian only)

  HI innkalling EOGF 18des08.pdf

Hitec Industries 3Q report

Company news

2008-10-31 10:32:32

Please find attached Hitec Industries' 3Q report.

  Q3.pdf

HITI: TORP Technology puts application on hold

Company news

2008-10-10 11:41:52

The Board of Directors of TORP Technology (a Hitec Industries portfolio company) has decided to put the application for an LNG regassification terminal offshore Alabama on hold. The decision is based on certain environmental considerations and current market conditions.

When these issues have been adressed and resolved TORP intends to reinitiate the application. A reinitiated application process is anticipated to have a duration of 11-12 months.

For further information please contact
Frode S. Berg
+47 913 37 409

   

Hitec Industries 2Q report

Company news

2008-08-22 15:44:33

Please find attached Hitec Industries' 2Q report.

  Q2 2008.pdf

HITI: Completion of rights issue in Remora ASA

Company news

2008-06-02 15:28:05

Remora ASA has today announced that the company has completed a rights issue of MNOK 150. Press release is attached.

Hitec Industries has acquired 916 808 shares in connection with the issue for a total amount of MNOK 45,8. For further information see the attached document.

  Press release rights issue June 2008.pdf

HITI: Notice of extraordinary general meeting in Remora ASA

Company news

2008-05-01 10:44:45

The Board of Remora ASA has resolved to request that the General Meeting pass a resolution in which the share capital is increased through a preferential share issue totalling NOK 150.000.000. The share issue will be
reserved for the company's existing shareholders.

Hitec Industries has a 29,3% shareholding in Remora ASA and has pre subscribed in the preferential share issue. For further information see the attached document.

  Call for extraordinary general meeting.pdf

Hitec Industries Q1 report

Company news

2008-04-29 08:46:46

Please find attached Hitec Industries' Q1 report.

  Q1_2008.pdf

Minutes of Annual Shareholder's meeting

Company news

2008-03-10 11:45:53

Please find attached the minutes from the Annual Shareholders' meeting. All items were approved in accordance with the notice of the meeting. Attached is also a short investor presentation.

  Generalforsamling 2008.pdf
Inv pres Generalforsamling 2008.pdf

Hitec Industries - Notice of Annual Shareholders' Meeting - 2008

Company news

2008-03-06 14:46:01

The 2008 Ordinary Annual Shareholders' Meeting of Hitec Industries AS will be held on Monday 10 March at 11 am at the Company's office in Jåttåvågveien 7 (Blokk B - Hinna Park) in Stavanger. An investor presentation will be held in connection with the meeting. Please see the enclosed notice (in Norwegian only) for further details.

  Annual Meeting 2008.pdf

Hitec Industries 4Q report

Company news

2008-02-15 08:17:02

Please find attached Hitec Industries' 4Q report.

  Q4_2007.pdf

Repurchase of shares

Company news

2008-01-10 16:13:01

Reference is made to the voluntary offer made on 18 December where Hitec Industries offered minor shareholders (holding less than 10 000 shares) to sell their shares at NOK 35,- per share.

A total of 42 shareholders have accepted Hitec Industries' offer, bringing the total number of shareholders down from 173 to 131. Hitec Industries' repurchase comprise a total of 84 809 shares amounting to NOK 2 968 315.

   

HITI: Strategic investment in Grégoire ASA

Company news

2008-01-10 08:55:20

Hitec Industries Portfolio has today bought 26 464 173 shares in Grégoire ASA. After this Hitec Industries Portfolio KS owns 28 258 619 shares, corresponding to 33,0% of the total outstanding shares in Grégoire ASA.

For further information please contact
Frode S. Berg
+47 913 37 409

   

HITI: Offer to repurchase shares

Company news

2007-12-18 11:51:55

Hitec Industries is pleased to announce an offer to repurchase shares from those of our shareholders who hold less than 10 000 shares.

Hitec Industries is a relatively small company with many small shareholders and the background for the proposal is to simplify the administrative procedures linked to information and follow up of the shareholders. At the same time we recognize that small shareholdings can be difficult to sell and that cost related to this can be disproportionately high. In line with our shareholder policy we therefore want to offer the minor shareholders a possibility to make their shareholding liquid.

The purchase price offered is NOK 35 per share. The offer is conditional upon the shareholders selling all the shares they own.

For further details please see the attached letter (in Norwegian only)

  Tilbudsbrev 17des07.pdf

Hitec Industries 3Q report

Company news

2007-10-29 12:51:01

Please find attached Hitec Industries' 3Q report.

  Q3_2007.pdf

Hitec Industries 2Q report

Company news

2007-08-24 09:25:40

Please find attached Hitec Industries' 2Q report.

  HI Q2 2007.pdf

Hitec Industries - Minutes from shareholders meeting

Company news

2007-07-30 15:04:00

Please find attached the minutes of the extraordinary shareholders meeting of Hitec Industries AS held today (copy in Norwegian only).

A resolution of a dividend of NOK 15,- per share was adopted. Estimated payment date for the dividend is Wednesday 8 August 2007.

In accordance with the Limited Liability Companies Act, the dividend will be paid to those shareholders who are shareholders at the time at which the resolution was adopted.

  Minutes Shareholders Meeting HI 30 July 2007.pdf

Hitec Industries - Notice of extraordinary shareholders' meeting

Company news

2007-07-03 10:01:21

All shareholders in Hitec Industries are invited to attend an extraordinary shareholders' meeting 30. July 2007 at 10 o'clock.

The board of Directors of Hitec Industries proposes to pay an extraordinary dividend of NOK 15,- per share totalling NOK 218 342 220,-. The dividend, if approved, will be paid to shareholders registered in the VPS registry as of the date of the shareholders meeting. The proposed dividend is linked to the sale of Hinna Park in June 2007.

The attachment is in Norwegian only.

  Innkalling_GF_HI_30juli07.pdf

Hitec Industries has entered into an agreement to sell the shares in Hinna Park

Company news

2007-06-06 14:50:50

Hitec Industries has today entered into an agreement to sell the shares in Hinna Park to Scandinavian Property Development.

Over the past 10 years, Hinna Park has developed from a shipyard and industrial area into an exciting and multifaceted area for commercial and residential property development.

Hitec Industries had a 48,9% ownership share in Hinna Park and the book value of these shares in the accounts is 135,7 mill.

Net proceeds from the transaction is estimated to be 260 mill. In addition Hitec Industries has received a dividend of 38 mill. from Hinna Park.

For full story see the attached press release.

For questions, please contact President & CEO of Hitec Industries Frode S. Berg
Mob: +47 913 37 409

  070606_Hinna_Park_Sale.pdf

Hitec Industries Q1 07 report

Company news

2007-04-27 09:07:24

Please find attached the Q1 report for 2007.

  HI Q1 2007.pdf

HITI: Exercise of warrants in Remora ASA

Company news

2007-03-14 11:37:05

In connection with the share issue in June 2006 the original shareholders of Remora ASA were granted warrants to subscribe 675 676 shares in Remora when the shareprice had been traded 50% above issue price for a period of 10 days and with a volume equal to or above 50 000 shares.

The board of directors of Remora ASA has determined that the conditions for exercise of the warrants are met and Hiload Holding (a company where Hitec Industries has a 87,5% ownership) will subscribe for it's pro rata portion being 655 406 shares. The shares will be subscribed at par value (NOK 1,-).

   

HITI: Investor presentation

Company news

2007-03-05 14:25:01

Please find attached an investor presentation held in connection with the annual shareholder meeting today.

  Investor presentation 5_03_2007.pdf

HITI: Minutes from shareholders meeting

Company news

2007-03-05 14:09:10

Please find attached the minutes of the annual shareholder meeting in Hitec Industries (in Norwegian only).

A dividend of NOK 1,- per share was approved and will be paid to all shareholders who is registered in VPS today.

Estimated payment date for the dividend is Friday 16.03.2007

  GF_2007.pdf

Annual report and shareholders meeting

Company news

2007-02-23 09:12:05

Please find attached the annual report and call for shareholders meeting to be held 5 March at 12 o'clock in the company's offices at Hinna Park, Stavanger. The annual report is in Norwegian only. For english reader we refer to the Q4 report published 16 February.

  Genfors_innkalling_årsrapport.pdf

Hitec Industries - 4Q report

Company news

2007-02-16 10:31:18

Please find attached Hitec Industries' 4Q report. Please also note that as of the fourth quarter the report will only be posted on the OTC and Hitec Industries' website, and not distributed in printed version by post.

  HI Q4 2006.pdf

Hinna Park sells office buildings

Company news

2007-01-31 12:34:12

Hinna Park, a portfolio company of Hitec Industries, has entered into a sale agreement of three fully owned subsidiaries: Jernbanebyggene AS, Stadionblokk A AS, Stadionblokk B AS comprising four office buildings with a total office area just below 14 000 m2. The acquirer will pay NOK 113 million for the shares in the three companies and in addition take on approximately NOK 194 million in debt and other liabilities from Hinna Park yielding a total transaction value of NOK 307 million. Hitec Industries has a shareholding of 48,8 % in Hinna Park. Frode S. Berg, CEO of Hitec Industries comments: "The transaction highlights the positive development Hinna Park has had in recent years. We are very satisfied with the job done by the Hinna Park team."

The book value of Hitec Industries' 48,8% ownership in Hinna Park in the Hitec Industries accounts is NOK 118,2 millions. The office buildings that now have been sold are estimated to account for approx 20% of this value.

For further information please contact
Frode S. Berg, President and CEO of Hitec Industries
Mob. +47 913 37 409
Direct. +47 51 31 50 60

   

Hitec Industries has sold the shares in Smietangen Eiendom

Company news

2006-12-13 10:14:53

Hitec Industries has sold the property company Smietangen Eiendom to Grenland Group ASA. Total proceeds from the sale amounts to NOK 13 mill and the book value of the shares in Hitec Industries' books is 7,7 mill. Smietangen owns the industrial land and sites where Grenland Group AS performs their operation.

   

Hitec Industries 3Q presentation

Company news

2006-11-07 13:41:30

Please find attached the presentation of Hitec Industries' Q3 results held today.

  Investorpresentasjon 7 nov 2006.pdf

Hitec Industries - 3Q report

Company news

2006-10-30 16:43:32

Please find enclosed Hitec Industries' 3rd quarter report.

In connection with the distribution of our 3rd quarter report we are pleased to invite investors and analysts to a presentation of Hitec Industries.

The presentation will be held at the premisies of Hitec Industries in Jåttåvågveien 7 (Hinna Park) on

Tuesday 7. November 2006
at 10.00 hrs.

Light refreshments will be served.

Please register your interest to participate by e-mail to cilie.brewster@hitec-industries.com or by calling Cilie Brewster on Tel: +47 51 31 50 50.

  HI Q3 2006.pdf

Hitec Industries acquires Salem Automation

Company news

2006-09-14 17:34:17

Hitec Industries is pleased to announce the acquisition of all outstanding shares in Salem Automation Ltd. Salem Automation is an independent systems integrator, providing control systems and automation services to a wide range of industries.

Please see the attached press release for further details.

  Press release OTC.pdf

Hitec Industries - second quarter report

Company news

2006-08-17 16:01:04

Several achievements were made during the second quarter of which the private placement in Remora was the most important.

Please see the attached file for further information.

  HI Q2 2006.pdf

Tilbud om tilbakekjøp av aksjer

Company news

2006-08-17 12:57:35

Styret i Hitec Industries AS har i dag sendt ut et tilbud om tilbakekjøp av aksjer fra de av våre aksjonærer som eier færre enn 2 000 aksjer.

Hitec Industries AS er et relativt lite selskap med mange småaksjonærer og bakgrunnen for forslaget er et ønske om å forenkle de administrative rutinene knyttet til informasjon og oppfølging av den enkelte aksjonær. Samtidig vet vi at mindre aksjeposter er vanskelige å omsette, og at kostnadene forbundet med dette kan være uforholdsmessig høye. Vi vil med dette gi våre minste aksjonærer en anledning til å få omsatt sine aksjer, og tilbakekjøpskurs vil være NOK 30,- per aksje.

Tilbudet er sirkulert i brevs form til alle aksjonærer som eier færre enn 2 000 aksjer.

For ytterligere informasjon ta kontakt med Kai T. Nygaard + 47 51 31 50 62.

   

Remora ASA has succesfully completed a NOK 420 million share issue

Company news

2006-06-27 09:01:40

One of Hitec Industries’ portfolio companies, Remora Technology, has succesfully carried out a equity issue of MNOK 420. This secures the financing for the first HiLoad vessel to be built at Vetco Aibel in Haugesund.

Please find attached the full press release

  Press release june 06.doc

Hitec Industries AS – 1st quarter report

Company news

2006-05-03 17:07:14

The first quarter has created several opportunities both in the development of the existing investment portfolio and for new prospects. Total value creation for our shareholders amounts to approximately 50 % since our demerger from HitecVision AS in June 2005.

  HI Q1 2006.pdf

Avholdt generalforsamling

Company news

2006-03-09 14:59:13

Det er i dag avholdt ordinær generalforsamling i Hitec Industries AS. Alle saker ble vedtatt i henhold til styrets forslag.

Vedtatt utbytte, ca. NOK 3,43 pr. aksje, vil bli utbetalt til aksjonærer som er registrert i VPS pr. dags dato.

Antatt dato for utbetaling av utbytte er 20. mars 2006.

Vedlagt er protokoll fra generalforsamlingen.

  Protokoll GF mars 06.pdf

Årsresultat Hitec Industries

Company news

2006-03-02 08:32:40

Vedlagt er Hitec Industries' innkalling til ordinær generalforsamling, årsrapport og årsregnskap med noter.

  Årsregnskap 2005.pdf

Successful share issue and private placement in Grenland Group

Company news

2005-11-22 09:52:18

One of Hitec Industries’ portfolio companies, Grenland Group, has carried out a share issue and private placement prior to listing on the Oslo Stock Exchange. The share issue consisted of 3,9 mill. shares with a subscription price of NOK 18,- per share. The subscription price gives a pre money valuation of Grenland Group’s equity of NOK 389 mill. The total transaction was 60% oversubscribed.

In the private placement Hitec Industries will sell 7,2 mill. shares at NOK 18,- per share for a total sales value of approx. NOK 130 million. Hitec Industries aims to sell the remaining shareholding (1,47 mill shares) in the retail offering that will close on or about 1 December. The retail offering will be set at the same price per share as in the private placement (NOK 18,- per share). The total book value of the Grenland Group shares in Hitec Industries’ accounts was prior to the placement NOK 110,2 million.

For more information about the transaction go to www.grenlandgroup.no and click on Investor Relations.

   

Endring av aksje: Hitec Industri AS (HITI)

Corporate actions

2005-06-17 11:14:01

Det er foretatt endringer i Hitec Industri AS (ISIN:NO0010272487, ticker HITI). Navnet Hitec Industri AS har endret navn til Hitec Industries AS.

   

HITI: Nytt selskap - Hitec Industri AS - registrert på OTC listen

Market news

2005-06-16 08:25:05

Det er med virkning fra i dag 16 juni 2005 lagt inn et nytt selskap på OTC listen: Hitec Industri AS (HITI). ISIN NO 001 272 487. Antall aksjer utstedt av selskapet er 14 556 148. Verdivurderingene som lå til grunn for fisjonen ville medføre en verdi pr aksje på 18,20.

Hitec Industries er et industrielt drevet investeringsselskap med fokus på verdiskapning gjennom organisk og strukturell utvikling av selskapets investeringsportefølje. Hitec Industries har hovedfokus på investeringer innen Industri og Eiendom, mens Teknologi- og Venturepregete investeringer gjerne vil være prosjekter med potensiale til å bli utviklet til industri- eller eiendomsengasjementer.

Selskapets største engasjementer er Hinna Park AS, Grenland Group AS, Remora Technology AS og TORP Technology AS. Hitec Industries vil investere i nye selskaper der man vurderer at det kan oppnås god avkastning for aksjonærene. Gjennom systematisk verdiutvikling av porteføljeselskapene gjennom eierperioden vil Hitec Industries øke verdien av sin portefølje. Når det er riktig ut fra Hitec Industries’ eller porteføljeselskapenes situasjon, vil Hitec Industries avhende sine interesser i et selskap, eller kombinere det med andre. Hitec Industries vil kunne gjennomføre kapitalutvidelser og ytterligere låneopptak for å finansiere fremtidige investeringer.