Norwegian - Småprat (NAS) ✈

Storg · september 24, 2020, 9:51am

Yes. Beholder den delen som er viktig for Norge og ikke minst har stort potensielle for lønnsomhet.

E24Bot · september 25, 2020, 4:10am

Staten kan redde Norwegian, men ikke aksjonærene

TekBot · september 30, 2020, 1:01pm

Norwegian Air Shuttle ASA (NAS) – Additional conversion of lease debt to perpetual bonds

Reference is made to the previous stock exchange announcements by Norwegian Air Shuttle ASA (the “Company”) regarding the conversion of debt to equity. As described inter alia in the Company’s prospectus dated 5 May 2020 (the “Prospectus”) and the stock exchange notices dated 20 May 2020, 17 June 2020, 20 July 2020, 6 August 2020 and 18 August 2020, the Company has been working with certain of its creditors to convert further debt into equity and to reduce overall claims.

Following constructive discussions with its operating lessors, the Company has reached an agreement to convert:
…

Vis børsmeldingen

(i) approximately USD 1.9 million of lease debt into perpetual bonds (as described in section 5.5 of the Prospectus (the “Perpetual Bonds”)) which may in the option of the holder be converted into approximately 4.7 million ordinary shares in the Company at a conversion price of NOK 4.24919 (the “Conversion Price”), subject to Euro-market standard anti-dilution provisions; and

(ii) an agreed estimate of future end-of-lease maintenance obligations totaling approximately USD 17.7 million into perpetual bonds that are substantially similar to the Perpetual Bonds, save for that, from 4 June 2023, such bonds may during a two-week period be converted at the volume weighted average price of the shares at such time, rather than the Conversion Price, ensuring that the converting lessors are able to fully recoup the amount of such end-of-lease maintenance payments in three (3) years’ time. Prior to such time, such perpetual bonds are convertible into approximately 43.8 million shares at the Conversion Price (subject to Euro-market standard anti-dilution provisions).

The perpetual bonds shall be subject to lock-up regulations in respect of trading and conversion, such that 1/3 will be released from lock-up on each of 9 October 2020 and 9 December 2020. The remaining 1/3 of the perpetual bonds shall not be subject to any lock-up restrictions and shall be tradeable and convertible from the time of issue.

Following the issuances set out in (i) and (ii) above, NAS will have perpetual bonds in issue in the nominal amount of c. NOK 2.2 billion (including amounts issued in other currencies exchanged into NOK at the fixed exchange rate set out in the applicable perpetual bond agreements) which may in the option of the holder be converted into approximately 516 million ordinary shares in the Company at the Conversion Price, subject to the aforementioned anti-dilution provisions and lock-up regulations. Approximately NOK 309 million of such perpetual bonds may during a two-week period from 4 June 2023 be converted at the volume weighted average price of the shares at such time, rather than the Conversion Price (as set out in (ii) above).

The conversion of lease debt as set out above is part of the debt restructuring program to address the outstanding debt of the Company. The Company is continuing to work with repayment plans and possible further conversions of debt to equity and equity-like convertible instruments.

For further information, please contact:
Tore Østby, EVP, phone: +47 995 464 00

Norwegian Air Shuttle ASA
Fornebu, 30 September 2020

Important information

The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia) or in any other jurisdiction where such publication or distribution is unlawful. This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act.

Kilde

BBones · oktober 1, 2020, 4:25pm

Kan noen med kompetanse i feltet fortelle hva dette vil bety for aksjen?

rayman · oktober 1, 2020, 4:32pm

Det kommer enda fler aksjer

harryolo · oktober 2, 2020, 9:45am

Er det da slik å forstå at aksjeprisen nok vil synke mot 0,50 - eller mer? Jeg tenker å ta en risikoinvestering rundt de tider i så fall.

Shattering84 · oktober 2, 2020, 9:50am

Tror fortsatt NAS går konkurs selv, men den vil nok trolig gå under 0,5 før den tid ja.

Evilfreud · oktober 2, 2020, 9:52am

BRRRRRRRRRRRR sier trykkeriet som trykker enda mer aksjer.

Dette er jo ventet, så ikke noe nytt. Men blir ikke mindre aksjer i markedet fremover.
Kan også tolkes som at bondholdere tror sjangsen for konkurs har økt.

TekBot · oktober 6, 2020, 6:01am

Norwegian Air Shuttle ASA - Traffic figures for September 2020

Norwegian’s traffic figures for September are heavily influenced by the COVID-19 pandemic and the subsequent travel restrictions and drop in demand. In September, capacity was 93% lower than last year, while the flights that were operated had a load factor of 52.8%.

Compared to the same period last year:
…

Vis børsmeldingen

Total capacity (ASK) decreased by 93%

Total passenger traffic (RPK) decreased by 96%

The load factor was 52.8%, down 37 p.p.

The total number of passengers was 319,370, a decrease of 90%

The unit revenue (RASK) is estimated at 0.42 for the period, up 17%.
The average flying distance for the Group decreased by 58% in September compared to the same period last year.
In September, the Group operated 99.2% of its scheduled flights, whereof 97.6% departed on time.
CO2 emissions increased to 120 grams per RPK, driven by lower load factor.

Norwegian Air Shuttle ASA
6 October 2020

Kilde

E24Bot · oktober 6, 2020, 6:08am

Norwegian fraktet 319.370 passasjerer i september

Christian · oktober 6, 2020, 6:20am

Hva pleide de å ha i load factor? 90% i så fall så frakter de nå ca 4% så mange passasjerer som før. Weee. Ganske sprøtt at selskapet fortsatt er priset til 3,6mrd…

E24Bot · oktober 6, 2020, 6:34am

Norwegian fraktet 319.370 passasjerer i september: – Som forventet

jovial · oktober 6, 2020, 9:04am

Muligens ikke relatert, men det kan tenkes at disse er klare til å ta over. Og dermed mindre insentiver (konkurransemessig) for at staten skal ha ønske/behov om å redde NAS:

Havstril · oktober 6, 2020, 9:33am

Nå når Braathens kommer på vingene igjen er nok eventyret Norwegien Air Shuttle over for godt.
Hadde vært kult om gode gamle Braathens SAFE kom på vingene igjen.

rESHI · oktober 6, 2020, 11:41am

Nå skal vel finansiering på plass først, men det ser jo på ingen måte bra ut for NAS nei. Wizz Air kommer også og tar fler innenlandsruter fremover. Overlever NAS 2021?

E24Bot · oktober 6, 2020, 12:24pm

Nå blir SAS og Norwegian utfordret der det gjør mest vondt

E24Bot · oktober 6, 2020, 3:06pm

Analytiker tror Wizz Air vil presse SAS og Norwegian: – Kommer på et forferdelig tidspunkt

E24Bot · oktober 9, 2020, 1:36pm

Norwegian vurderer å stenge ned base i London

E24Bot · oktober 9, 2020, 1:40pm

Norwegian vurderer å stenge London-base

Kaisovski · oktober 9, 2020, 7:21pm

Når man vet at antall aksjer skal økes på en gitt dato, feks 50% økning. Eller mer enn det, som skjedde i NAS tidligere i år.

Finnes det ikke da en garantert arbitrasjemulighet på short-siden?
Short dagen/dagene før utstedelse av nye aksjer, dekk inn dagen aksjene treffer markedet=garantert gevinst?

Finnes det et navn på dette?