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Beskrivning
Land | Cypern |
---|---|
Lista | Euronext Growth Oslo |
Sektor | Tjänster |
Industri | Shipping & Offshore |
2025-08-28 00:15:00
(Oslo, Norway, 28 August 2025)
Please find enclosed the second quarter report for StandardCoin AS (ticker
SCOIN) (the Company). During the quarter the group rebranded to StandardCoin and
raised NOK 40m in a private placement. Following quarter end, and in connection
with the Company's rebranding and operational changes, Euronext Growth Oslo has
imposed obligations on the Company equivalent to those required for a new
listing process.
The Company's Board of Directors (the Board) has therefore made a broad
assessment of the situation of the Company, including operational and regulatory
aspects. Based on this assessment, and to maintain the best corporate practice
and to safeguard the interests of the shareholders, the Board proposes that the
Company is dissolved in accordance with Chapter 16 I of the Norwegian Private
Limited Liability Companies Act (the PLCA). The Company's Bitcoin related assets
are sold, and the Company has no longer any business that is covered by the
purpose description in the articles of association.
Final dissolution of the Company may be carried out after expiry of the credit
notice period of six weeks and following the general meeting's approval of the
audited final settlement, expected in the fourth quarter of 2025.
Further, the Board has exercised the dividend authorization from the annual
general meeting in 2025 and resolved a cash distribution of NOK 5 per share
through reduction of other paid-in equity, in total NOK 16,793,720, based on the
annual accounts for 2024. A separate release with the key dates in connection
with the distribution will be given in due course.
Please find the second quarter 2025 financial report attached.
For further information, please contact:
Eldar Paulsrud at +47 481 65 599 (CEO / CFO)
Espen L. Fjermestad at +47 952 04 493 (Board member)
This information is published in accordance with the requirements of the
Continuing Obligations.