AMSC ASA calls EGM to approve liquidation settlement and asset distribution

AMSC ASA (under liquidation) announced an Extraordinary General Meeting (EGM) to be held virtually on Thursday, October 30, 2025, at 14:00 CET. The EGM's primary purpose is to approve the audited liquidation settlement, following the resolution to liquidate the company at the annual general meeting on April 24, 2025.

The company's board of directors has prepared a liquidation settlement as of October 7, 2025, showing net cash available for distribution of NOK 106,496,056. This amount reflects cash and bank deposits of NOK 106,681,583, other short-term receivables of NOK 330,000, and accrued liquidation expenses of NOK -515,528. This settlement is now audited and presented for shareholder approval.

The liquidation balance sheet, audited as of May 20, 2025, details total assets of NOK 196,806,370, comprising current assets of NOK 3,582,073 (receivables) and NOK 74,514,775 (investments), alongside cash and cash equivalents of NOK 118,709,523. Total equity stands at NOK 109,123,083, with total liabilities at NOK 87,683,287. Shareholders are encouraged to register their attendance and submit advance votes or proxies by October 28, 2025, at 23:59 CET.