Dome Energy AB. (Ticker: DOME) (herein after “Dome” and/or “the Company”) reports that as of Kristian Lundkvist’s resignation from Dome’s Board of Directors in December 2015 a split up of the assets in the joint investment company Bustein AS has started, where also Paul Morch, CEO, is one of the owners. Due to the split up, Bustein AS has as per January 21, 2016 sold 1,654,294 Dome shares off the market to Middelborg Invest AS, owned to 100% by Kristian Lundkvist. Hence, Bustein AS decreases its holdings in Dome from 3,714,294 shares representing 10.8% of the Company to 2,060,000 shares representing 6.0% of the Company. Middelborg Invest AS, who states that they intend to be a long term shareholder, owns 4.8% of the shares in Dome.
Paul Morc owns 50% of Bustein AS and Kristian Lundkvist owns the remaining 50%. Middelborg Invest AS is own by Kristian Lundkvist to 100%. With the transaction Paul Morch decreases his net ownership in Dome from 1,857,147 shares representing 5.4% of the Company to 1,030,000 shares representing 3,0% of the Company. Kristian Lundkvist has increased his net shares from 1,857,147 representing 5.4% of the Company to 3,511,441 shares representing 10,2% of the Company.
Paul Morch declares that his purpose is to buy Kristian Lundkvist’s shares in Bustein AS during the year.