Norske Skog - repair offering to shareholders
(Thomson Reuters ONE) -
Norske Skogindustrier ASA announces publication of a prospectus and commencement
of the subscription period for a repair offering directed at certain
shareholders, who did not participate in the private placement of 63,460,714
shares to GSO and Cyrus, which was announced completed on 31 March 2016.
Norske Skog's shareholders, as registered in the Norwegian Central Securities
Depository (VPS) on 22 April 2016, are offered an opportunity to subscribe for
shares at the same subscription price as the shareholders who participated in
the private placement. Each eligible shareholder will receive 0.1925 non-
transferable allocation rights for each share owned at such time (rounded down
to the nearest whole right). Each right gives the right to subscribe for and be
allocated one offer share in the repair offering. Oversubscription is permitted,
however, there can be no assurance that offer shares will be allocated for such
subscription. Subscription without rights is not permitted. Rights that are not
used to subscribe for offer shares before the expiry of the subscription period
will lapse without compensation to the holder.
The subscription price in the repair offering is NOK 2.24 per offer share. The
subscription period for the repair offering will commence at 09:00 hours (CET)
on 26 May 2016 and end at 12:00 hours (CET) on 7 June 2016. Allocation of the
offer shares in the repair offering is expected to take place on or about 7 June
2016. The payment date for the offer shares is 9 June 2016, and delivery of the
offer shares is expected to take place by registration of the offer shares in
the VPS on or about 15 June 2016.
A total of 31,512,099 offer shares, each of par value NOK 1, are offered for
subscription in the repair offering. Assuming all offer shares are subscribed
the repair offering will raise gross proceeds for the Norske Skogindustrier ASA
of about NOK 71 million.
The Norwegian Financial Supervisory Authority has approved the prospectus dated
25 May 2016 which has been prepared in connection with the listing of the shares
issued in the private placement and the repair offering.
The prospectus is, subject to regulatory restrictions in certain jurisdictions,
available at the following websites: www.abgsc.com and www.norskeskog.com.
An investment in Norske Skog and its shares involves inherent risks. More
information about this and other matters it is important to understand before an
investment decision is made, can be found in the prospectus. The information in
this release does not constitute a basis for making an investment decision. More
extensive information about the repair offering is included in the prospectus.
ABG Sundal Collier ASA acts as receiving agent in connection with the Offering.
Norske Skog
Corporate communication and corporate affairs
For further information:
Norske Skog media: Norske Skog financial markets:
Vice President Corporate Communication Vice President Investor Relations
Carsten Dybevig Tom Rogn
Mob: +47 917 63 117 Mob: +47 948 55 659
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, NEW ZEALAND, CANADA, JAPAN, SOUTH
KOREA OR BRAZIL OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL
IMPORTANT NOTICE
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company.
Copies of this announcement are not being made and may not be distributed or
sent into the the United States, Australia, New Zealand, Canada, Japan, South
Korea or Brazil or in any jurisdiction where such issuance would be unlawful.
The allocation rights and the offer shares have not been and will not be
registered under the Securities Act or the securities laws of any state of the
United States and may not be offered or sold within the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. The Offering is not being
extended into the United States. Outside the United States, the allocation
rights and offer shares are being offered outside the United States to non-US
persons in offshore transactions (each as defined in Regulation S) in reliance
on Regulation S under the Securities Act.
Any offering of the securities referred to in this announcement will be made by
means of the prospectus. This announcement is not a prospectus for the purposes
of Directive 2003/71/EC (as amended, together with any applicable implementing
measures in any Member State, the "Prospectus Directive"). Investors should not
subscribe for any securities referred to in this announcement except on the
basis of information contained in the prospectus.
In any EEA Member State that has implemented the Prospectus Directive, this
communication is only addressed to and is only directed at qualified investors
in that Member State within the meaning of the Prospectus Directive.
This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only to
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.
Actual events may differ significantly from any anticipated development due to a
number of factors, including without limitation, changes affecting the Company's
opening of new stores and net sales, changes affecting the Company's gross
margin, changes in competition levels, changes in the Company's ability to
manage inventory levels, changes affecting net sales, such as variations caused
by weather and seasonality, changes affecting personnel expenses and other
operating expenses, such as premises costs and marketing costs, changes in laws
and regulation and the potential impact of legal proceedings and actions. Such
risks, uncertainties, contingencies and other important factors could cause
actual events to differ materially from the expectations expressed or implied in
this release by such forward-looking statements. The Company does not guarantee
that the assumptions underlying the forward-looking statements in this
presentation are free from errors nor does it accept any responsibility for the
future accuracy of the opinions expressed in this presentation or any obligation
to update or revise the statements in this presentation to reflect subsequent
events. You should not place undue reliance on the forward-looking statements in
this document.
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company does not undertake any obligation to review, update,
confirm, or to release publicly any revisions to any forward-looking statements
to reflect events that occur or circumstances that arise in relation to the
content of this announcement.
The receiving agent is acting exclusively for the Company and the Selling
Shareholders and no one else in connection with the offer and assume no
responsibility for this announcement.
Neither the receiving agent or any of its directors, officers, employees,
advisers or agents accepts any responsibility or liability whatsoever for/or
makes any representation or warranty, express or implied, as to the truth,
accuracy or completeness of the information in this announcement (or whether any
information has been omitted from the announcement) or any other information
relating to the Company, its subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever transmitted or
made available or for any loss howsoever arising from any use of announcement or
its contents or otherwise arising in connection therewith.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Norske Skog via GlobeNewswire
[HUG#2015689]
Unternehmensinformation / Kurzprofil:
Datum: 26.05.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 473779
Anzahl Zeichen: 11218
contact information:
Town:
Oslo
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 236 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Norske Skog - repair offering to shareholders"
steht unter der journalistisch-redaktionellen Verantwortung von
Norske Skog (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
