Byggma ASA calls EGM to propose delisting from Oslo Stock Exchange

Byggma ASA has called an extraordinary general meeting (EGM) for Wednesday, October 1, 2025, at 13:00, to be held electronically. The primary agenda item is a proposal to delist Byggma ASA shares from the Oslo Stock Exchange. Shareholders wishing to attend or vote by proxy must register by September 29, 2025, at 13:00.

According to the board, the company derives few benefits from its listing due to limited free float, with the largest shareholder owning approximately 89% of the shares, resulting in very low trading activity. Despite being listed since 1997, Byggma ASA has never used the stock market for capital raising and has no future plans to do so. The listing also incurs significant costs related to fees, reporting, and compliance. The board believes these factors hinder the company’s ability to achieve a rational valuation and pursue strategic initiatives.

As an alternative, the board will explore a potential listing on Euronext Growth Oslo, which would offer a marketplace for share trading with lower associated costs. However, the proposal to delist from the Oslo Stock Exchange is not conditional on a successful listing on Euronext Growth Oslo. Byggma ASA’s share capital is NOK 18,156,634.60, divided into 69,833,210 shares, each with a nominal value of NOK 0.26.