Reference is made to the announcement published on 26 July 2021 regarding a contemplated compulsory acquisition of shares in Fjord1 ASA.
…
Vis børsmeldingen
As set out in the above mentioned announcement, Havila Holding AS, through its wholly owned subsidiaries Havilafjord AS, Havilafjord Holding AS and Havilafjord Holding 2 AS (together the “Havila Subsidiaries”), currently owns 98,792,149 shares in Fjord1 ASA (“Fjord1”), representing approximately 98.8% of Fjord1’s share capital and voting rights.
The compulsory acquisition by Havilafjord AS of all the remaining shares in Fjord1 not already owned by the Havila Subsidiaries or Fjord1 (the “Minority Shares”) is now effective.
The offered redemption price for each Minority Share is NOK 52, which is the same price at which Havilafjord AS has purchased shares in bilaterally negotiated transactions as announced on 7 July 2021 and in transactions in the market thereafter.
The full redemption amount has been placed on a separate bank account in accordance with Section 4-25 of the Norwegian Public Limited Liability Companies Act.
The rights and ownership of the Minority Shares will automatically be transferred to Havilafjord AS. Accordingly, Havila Holding AS will from today be the beneficial owner of 100% of the shares in Fjord1 (other than treasury shares held by Fjord1 itself) through the Havila Subsidiaries.
Any objections to, or rejection of, the offered redemption price must be made no later than on 30 September 2021. Former shareholders of Fjord1 who do not object to, or reject, the offered redemption price within this deadline, will be deemed to have accepted the offered price. A letter regarding the compulsory acquisition will be sent to all former shareholders of Fjord1 whose addresses are known and whose shares have been acquired by way of the compulsory acquisition. In addition, the compulsory acquisition has been announced in the Brønnøysund Register Center’s electronic publication.
Settlement of the offer price to the minority shareholders will take place on or about 4 August 2021.
As a result of the compulsory acquisition, Havila Holding AS will pursue a de-listing of the shares in Fjord1 from Oslo Stock Exchange. A separate stock exchange announcement will be published regarding such delisting.
Kilde