Results of subsequent offering
(Thomson Reuters ONE) - NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPANResults of subsequent offeringStavanger, 29 October 2009: Norwegian Energy Company ASA ("Noreco" orthe "Company" - OSE:NOR): Reference is made to the prospectus dated19 October 2009 regarding the subsequent offering of up to 7,100,000new shares in Noreco at a subscription price of NOK 15 per share.The subscription period in Noreco's subsequent offering expired on 27October, 2009.The offering was significantly oversubscribed. Based on theallocation principles described in the prospectus, the Company'sBoard of Directors has resolved to issue 5,164,829 new shares at NOK15 per share, raising gross proceeds of NOK 77.5 million.Allocation letters will be distributed on or about 30 October, 2009.Payment date is 3 November, 2009.The new shares to be issued in the subsequent offering will not betradable until the shares have been fully paid and the share capitalincrease has been registered in the Norwegian Register of BusinessEnterprises, expected to take place on or about 10 November 2009.Following this, the new share capital of the Company will be NOK751,544,674.6 divided on 242,433,766 shares, each with a nominalvalue of NOK 3.10. **** See important information below.For further information, please contact:Einar Gjelsvik, Vice President Strategy & Investor Relations, +47 99283 856* This press release is for information purposes only and shall notconstitute an offer to buy, sell, issue, or subscribe for, or thesolicitation of an offer to buy, sell, issue, or subscribe for anysecurities, nor shall there be any sale of securities in anyjurisdiction in which such offer, solicitation or sale would beunlawful prior to registration or qualification under the securitieslaws of any such jurisdiction. In particular, the securities referredto in this announcement have not been, and will not be, registeredunder the United States Securities Act of 1933 (the "SecuritiesAct"), or under the securities legislation of any state of the UnitedStates, and may not be offered or sold in the United States. Thesecurities are being offered and sold outside the United States in"offshore transactions", as defined in, and in accordance with, Rule903 of Regulation S under the Securities Act. No public or otheroffering of securities of the Company has been or will be made inconnection with the Private Placement in the United States.This press release may contain certain forward-looking statementsrelating to the business, financial performance and results of theCompany and/or the industry in which it operates. Forward-lookingstatements concern future circumstances and results and otherstatements that are not historical facts, sometimes identified by thewords "believes", expects", "predicts", "intends", "projects","plans", "estimates", "aims", "foresees", "anticipates", "targets",and similar expressions. Any forward-looking statements contained inthis press release, including assumptions, opinions and views of theCompany or cited from third party sources are solely opinions andforecasts which are subject to risks, uncertainties and other factorsthat may cause actual events to differ materially from anyanticipated development. None of the Company, the Manager or any oftheir affiliates or advisors provide any assurance that theassumptions underlying such forward-looking statements are free fromerrors nor do any of them accept any responsibility for the futureaccuracy of the opinions expressed in this press release or theactual occurrence of the forecasted developments. Neither the Companynor the Manager assume any obligation to update any forward-lookingstatements or to conform these forward-looking statements to actualresults.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 29.10.2009 - 15:03 Uhr
Sprache: Deutsch
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