NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
Reference is made to the stock exchange notices by
The Company will carry out three separate subsequent offerings, however with simultaneous subscription periods. The subscription period for the subsequent offerings will commence tomorrow,
The first Subsequent Offering ("Subsequent Offering I") will consist of an offer to subscribe up to 4 million new shares in the Company (the "Offer Shares I") to the Company's shareholders as of
Each Eligible Shareholder I will be granted non-transferable subscription rights (the "Subscription Rights I") to subscribe for the Offer Shares I. Each Eligible Shareholder I will be granted 0.05 Subscription Rights I per share in the Company registered as held as of the Record Date I. Consequently, each Eligible Shareholder I will receive 1 Subscription Right I per 20 shares registered as held on the Record Date I, and Eligible Shareholders I holding less than 20 shares on the Record Date I will not receive Subscription Rights I.
The second Subsequent Offering ("Subsequent Offering II") will consist of an offer to subscribe up to 4.9 million new shares in the Company (the "Offer Shares II") to the Company's shareholders as of
Each Eligible Shareholder II will be granted non-transferable subscription rights (the "Subscription Rights II") to subscribe for the Offer Shares II. Each Eligible Shareholder II will be granted 0.049 Subscription Rights II per share in the Company registered as held as of the Record Date II. Consequently, each Eligible Shareholder II will receive 1 Subscription Right II per approximately 20.4 shares registered as held on the Record Date II, and Eligible Shareholders II holding less than 21 shares on the Record Date II will not receive Subscription Rights II.
The third Subsequent Offering (the "Subsequent Offering III", and together with the Subsequent Offering I and Subsequent Offering II, the "Subsequent Offerings") will consist of an offer to subscribe up to 4.8 million offer shares (the "Offer Shares III", and together with the Offer Shares I and the Offer Shares II, the "
Each Eligible Shareholder III will be granted non-transferable subscription rights (the "Subscription Rights III", and together with the Subscription Rights I and Subscription Rights II, the "Subscription Rights") to subscribe for the Offer Shares III. Each Eligible Shareholder III will be granted 0.037 Subscription Rights III per share in the Company registered as held as of the Record Date III. Consequently, each Eligible Shareholder III will receive 1 Subscription Right III per approximately 27.03 shares registered as held on the Record Date III, and Eligible Shareholders III holding less than 28 shares on the Record Date III will not receive Subscription Rights III.
Each whole Subscription Right granted in any of the Subsequent Offerings provides a preferential right to subscribe for, and be allocated, one Offer Share at the respective subscription price, subject to applicable securities laws. Oversubscription will be permitted. Subscription without Subscription Rights will not be permitted, i.e. shareholders/ investors who did not hold any shares in the Company on either of the Record Date I, Record Date II or Record Date III will not receive any Subscription Rights.
The Subscription Rights must be used to subscribe for
Notifications of allocation in the Subsequent Offerings are expected to be issued on or about
Further information about the Subsequent Offerings and the subscription procedures is included in the Prospectus. The Prospectus, including subscription forms, is available at https://transaksjoner.fearnleysecurities.com/.
Shareholders who wish to subscribe for
Shareholders who are not able to subscribe for shares through the VPS online subscription system, must subscribe for
Eligible Shareholders will also receive a shareholder letter with further information on the use of Subscription Rights and procedures for subscription of
Shareholders who have questions about the Subsequent Offerings, the Subscription Rights and the Offer Shares may contact
DNB Verdipapirservice: +47 23 26 80 20
For other questions, please contact:
Bjørn Simonsen, CEO, +47 97 17 98 21
Espen Lundaas, CFO, +47 92 43 14 17
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
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