Repurchase of own bonds completed
(Thomson Reuters ONE) -
Reference is made to Norwegian Energy Company ASA's (the "Company") announcement
on 17 August 2011 regarding an offer to repurchase for cash up to NOK 270
million in combined principal amount in the three bonds NOR03 (ISIN:
NO0010548431), NOR04 (ISIN: NO 0010548449) and NOR05 (ISIN: NO 0010592306)
(together the "Bonds").
The offer has now expired, and the Company will buy back Bonds as follow:
- NOR03: NOK 70 million at 99.25 per cent of par value plus accrued interest
- NOR04: NOK 71 million at 97.00 per cent of par value plus accrued interest
- NOR05: NOK 129 million at 95.00 per cent of par value plus accrued interest
Settlement is expected to take place on 23 August 2011.
Arctic Securities ASA and Pareto Securities AS have acted as managers for the
transaction.
For further information, please contact:
Rebekka Glasser Herlofsen, CFO (+47 916 60 269)
Kjetil Bakken, VP Strategy and Investor Relations (+47 91 889 889)
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: NORECO via Thomson Reuters ONE
[HUG#1539195]
Unternehmensinformation / Kurzprofil:
Datum: 18.08.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 57358
Anzahl Zeichen: 1729
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Repurchase of own bonds completed"
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