Repurchase of bonds completed
(Thomson Reuters ONE) -
Stavanger, 1 December 2011: Reference is made to Norwegian Energy Company ASA's
(the "Company") announcement on 30 November 2011 regarding an offer to
repurchase for cash up to NOK 250 million in combined principal amount in the
two bonds NOR03 (ISIN: NO 0010548431) and NOR 07/12 6.00% Convertible Bond
(ISIN: NO 0010368830) (the "CB").
The offer has now expired, and the Company will buy back Bonds as follows:
- NOR03: NOKm 168.5 at 99.00 per cent of par value plus accrued
interest
- CB: NOKm 45.5 at 98.75 per cent of par value plus accrued
interest
Settlement is expected to take place on 6 December 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 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#1567948]
Unternehmensinformation / Kurzprofil:
Datum: 01.12.2011 - 09:02 Uhr
Sprache: Deutsch
News-ID 92883
Anzahl Zeichen: 1697
contact information:
Town:
Stavanger
Kategorie:
Business News
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"Repurchase of bonds completed"
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