NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
Reference is made to the stock exchange announcement published by
- A contemplated private placement of new ordinary shares in the Company (the "New Shares"), raising gross proceeds of
NOK 250 million (the "Private Placement") -
A subsequent offering of new ordinary shares in the Company towards existing shareholders unable to participate in the Private Placement raising gross proceeds of up to
NOK 100 million (the "Subsequent Offering") -
An allocation of one subscription right for each new share allocated to investors participating in the Private Placement that can be exercised partially or fully on
31 January 2023 ,28 February 2023 , or31 March 2023 , raising gross proceeds of up toNOK 250 million -
An allocation of one subscription right for each new share allocated to investors participating in the Subsequent Offering that can be exercised on
31 March 2023 , raising gross proceeds of up toNOK 100 million (the subscription rights in item iii) and iv) together referred to as the "Subscription Rights").
The Company has been informed that the managers have received orders such that the Private Placement is oversubscribed.
Advisors
For further information, please contact:
Brede Huser, Chief Financial Officer
Phone: +47 99 16 99 74
Email: brede.huser@flyr.com
About Flyr
Flyr is a Norwegian based low-cost carrier with a demand driven business model and a primary focus on the Norwegian market. The company targets a modern, digital, and efficient setup to ensure high operational efficiency through simplicity, optimized resource utilization and smart use of technology.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation. This
Important information
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into
The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
The Managers are acting for the Company and no one else in connection with the potential Private Placement in the Company, and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.
Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
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