Torp Computing Group ASA
Torp Computing Group ASA
Torp Computing Group ASA
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
7<br />
INFORMATION MEMORANDUM<br />
Merger of Komplett <strong>ASA</strong> and <strong>Torp</strong> <strong>Computing</strong> <strong>Group</strong> <strong>ASA</strong><br />
1.6 Share capital<br />
Komplett’s registered share capital before the Merger is NOK 13,258,400.00 divided into<br />
13,258,400 shares each with a nominal value of NOK 1.00, fully paid.<br />
100% of the consideration to the shareholders in TCG shall be settled with new shares in Komplett<br />
(0.336134 new shares in Komplett for each share in TCG). If the Merger is completed, the share<br />
capital of Komplett will hence be increased with NOK 3,501,118 through the issuance of 3,501,118<br />
new shares, each with a nominal value of NOK 1.00, resulting in a share capital in the Merged<br />
Company of NOK 16,759,518, consisting of 16,759,518 shares, each with a nominal value of NOK<br />
1.00.<br />
The new shares will be issued upon completion of the Merger, which is expected to take place<br />
ultimo December 2007.<br />
1.7 Summary of Risk Factors<br />
Please revert to section 2 "Risk Factors" below for relevant risk factors, summarised in the<br />
following:<br />
Risks related to the Merged Company and the industry in which it operates:<br />
• Market development<br />
• Competitive industry<br />
• Risk of price erosion<br />
• Managing and funding growth<br />
• Entry into new markets<br />
• Technological risk<br />
• Risks regarding start up of new systems/ technology in operation<br />
• Limitation of deliveries and vendors production capacity<br />
• Technical problems or other defects relating to the products being sold and claims arising<br />
thereby<br />
• Dependence on executive management and certain key personnel<br />
• Dependence on and loss of employees<br />
• Dependence on third parties<br />
• Dependence on intellectual property and proprietary rights (IPR)<br />
• Risks associated with international operations<br />
• Foreign exchange risk<br />
Risks related to the Merger<br />
• The integration process<br />
• Reduced influence of shareholders<br />
• The completion of the Merger<br />
Risks related to the Merged Company’s shares<br />
• Future dilution of shareholders<br />
• Pre-emptive rights may not be available to U.S. holders of the Shares<br />
• Risk for US investors