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NORSE ATLANTIC ASA: End of stabilisation and partial exercise of greenshoe option
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Oslo, 12 May 2021: Reference is made to the stock exchange notice published by Norse Atlantic ASA (the “Company”) on 12 April 2021, regarding potential stabilisation activities in connection with a private placement in the Company (the “Offering”) and the admission to trading of the Company’s shares on Euronext Growth Oslo.
Pareto Securities AS (the “Stabilisation Manager”), acting as stabilisation manager in connection with the Offering, on behalf of the Managers (as defined below), hereby gives notice that the stabilisation period has ended. Stabilisation activities have been undertaken on Euronext Growth Oslo during the stabilisation period. The stabilisation activities first occurred on 30 April 2021 and last occurred on 11 May 2021. A total of 2,315,686 shares in the Company have been purchased as part of the stabilisation activities. The shares were purchased at a volume weighted average price of NOK 19.9763 per share and within the daily price ranges set out in the attached stabilisation notice.
In order to permit redelivery of 6,250,000 shares in the Company which were borrowed from B T Larsen & Co Ltd (5,278,000 shares) and HBK Holding AS (972,000 shares) (collectively the “Share Lenders”), the Stabilization Manager, on behalf of the Managers, has on 11 May 2021 in part exercised the greenshoe option and will subscribe for 3,934,314 new shares in the Company at the offer price of NOK 20.00 per share.
The new shares will together with the shares purchased through stabilization activities be redelivered to the Share Lenders, in accordance with the terms of the share lending agreement between the parties. Following issuance of the new shares, the number of shares outstanding in the Company will be 77,684,314 shares, each with a par value of NOK 3.00.
Arctic Securities AS, Pareto Securities AS and SpareBank 1 Markets AS acted as Joint Global Coordinators and Joint Bookrunners for the Offering (the “Managers”).
For further information, please contact:
Pareto Securities AS
Martin Øberg Sjøstedt
Tel: +47 22 87 87 14
This information is subject of the disclosure requirements pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 sections 6 (3) and 8.
Important Notice
These materials do not constitute or form a part of any offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction.
The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy, any securities or a recommendation to buy or sell any securities of the Company. Neither the Company, Arctic Securities AS, Pareto Securities AS or SpareBank 1 Markets AS nor any of their respective affiliates accepts any liability arising from the use of this announcement.
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