Autronica Fire and Security AS will subscribe for the loan.  The terms and conditions of the convertible loan are described in the resolution passed by the Extraordinary General Meeting.  All proposals to the EGM were approved.

The minutes from the meeting are attached (.pdf 996 kb).

 
For further information, please contact:

Mr. Frode Arnesen, CFO, Simtronics group
Phone + 47 92 01 53 21

Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products, solutions and systems are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.