In a meeting on June 20th, the board of directors of Abbot resolved to carry out a compulsory acquisition of the remaining 166,987 shares in Songa in accordance with Section 4-26 of the Norwegian Private Limited Companies Act, cfr. the attached minutes from the board meeting. These shareholders were offered a redemption price of NOK 41.75 per share. An amount equivalent to the aggregate redemption price offered - NOK 6,971,707.25 - has been deposited in a specific bank account with DnB NOR in accordance with the provisions of the act. Consequently, Abbot now holds 100% of the shares and voting rights of Songa.
Delisting of Songa from the OTC list was resolved in an extraordinary general meeting on June 26, 2006.
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