Norwegian - Småprat (NAS) ✈

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Norwegian Air Shuttle ASA – Allocation to primary insiders in the Rights Issue and the Private Placement (part II)

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT IS NOT A PROSPECTUS AND DOES NOT CONSTITUTE AN OFFER TO SUBSCRIBE OR PURCHASE ANY OF THE SECURITIES DESCRIBED HEREIN. NO ONE SHOULD PURCHASE ANY SECURITIES IN NORWEGIAN AIR SHUTTLE ASA (THE “COMPANY”) EXCEPT ON THE BASIS OF INFORMATION IN THE PROSPECTUS PUBLISHED BY THE COMPANY IN CONNECTION WITH THE OFFERING. COPIES OF THE PROSPECTUS ARE AVAILABLE, SUBJECT TO CERTAIN EXCEPTIONS, THROUGH THE WEBSITE OF THE COMPANY AND THE MANAGERS.

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Reference is made to the stock exchange announcement of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 25 May 2021 regarding the final results of the capital raise of approximately NOK 6,000 (the “Capital Raise”) million comprising of:

(i) an offering of new capital perpetual bonds raising gross proceeds of up to NOK 1,875 million,
(ii) a rights issue raising gross proceeds of up to NOK 395 million (the “Rights Issue”), and
(iii) a private placement of new shares (the “Private Placement”) limited to an amount so that the total gross proceeds from the Capital Raise will not exceed NOK 6,000 million.

The following primary insiders have been allocated offer shares in the Rights Issue and/or the Private Placement at the offer price of NOK 6.26 per share in accordance with the allocation principles set out in the securities note dated 6 May 2021 (the “Securities Note”, and together with a summary and a registration document dated 6 May 2021, the “Prospectus”):

Niels Smedegaard, Chairman of the board of directors, has been allocated 5,283 offer shares in the Rights Issue based on subscription rights exercised. After completion of the Capital Raise, Niels Smedegaard will own 8,805 shares in the Company.

Sondre Gravir, Board member, has been allocated 2,353 offer shares in the Rights Issue based on subscription rights exercised and 25,000 additional offer shares in the Private Placement. After completion of the Capital Raise, Sondre Gravir will own 27,820 shares in the Company.

Ingrid Elvira Leisner, Board member, has been allocated 1,756 offer shares in the Rights Issue based on subscription rights exercised. After completion of the Capital Raise, Ingrid Elvira Leisner will own 2,927 shares in the Company.

Eric Holm, Board member, has been allocated 256 offer shares in the Rights Issue based on subscription rights exercised. After completion of the Capital Raise, Eric Holm will own 427 shares in the Company.

Endre Hermansen, CEO Adviser, has been allocated 132 offer shares in the Rights Issue based on subscription rights exercised and 69,888 additional offer shares in the Private Placement. Following completion of the Capital Raise Endre Hermansen will own 70,108 shares in the Company.

Esben Tuman, SVP External Communications, has been allocated 15,974 offer shares in the Private Placement. After completion of the Capital Raise, Esben Tuman will own 15,974 shares in the Company.

Please see attached notifications for persons discharging managerial responsibilities in Norwegian in accordance with Regulation EU 596/2014 (MAR) article 19.

For further information, please contact:

Geir Karlsen, Chief Financial Officer, phone: +47 916 08 332

Fornebu, 25 May 2021
Norwegian Shuttle ASA

IMPORTANT INFORMATION

This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements, and was prepared by Tore Østby, Investor Relations at Norwegian Air Shuttle ASA, tel. +47 995 46 400.

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). This release is an announcement issued pursuant to legal information obligations and is subject to 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.

The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.

In any EEA Member State, other than Norway, the information is only addressed to, directed at and the Securities may only be offered to, qualified investors in that Member State within the meaning of Article 2 (e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State.

This announcement is only directed at (a) persons who are outside the United Kingdom; or (b) investment professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or © persons falling within Article 49(2)(a) to (d) of the Order; or (d) persons to whom any invitation or inducement to engage in investment activity can be communicated in circumstances where Section 21(1) of the Financial Services and Markets Act 2000 does not apply.

Any offering of the securities referred to in this announcement is made by means of the Prospectus. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any Member State. Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the Prospectus. Copies of any the Prospectus are available from the Company’s registered office and subject to certain exceptions, on the websites of the Managers.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Managers are acting exclusively for the Company and no one else in connection with the Capital Raise and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the offering and/or any other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. No assurance can be given that such expectations will prove to have been correct. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Kilde

[E24Bot]

Fredriksen har ikke tjent én krone på Norwegian så langt

Fredriksen har ikke tjent én krone på Norwegian så langt

[TekBot]

Norwegian Air Shuttle ASA (NAS) – Emergence from financial restructuring - occurrence of Effective Date

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE ANNOUNCEMENT. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

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Reference is made to previous stock exchange announcements by Norwegian Air Shuttle ASA (the “Company” or “NAS”) with respect to the Irish examinership processes in Ireland for the Company and certain of its related Irish companies (the “Examinership Companies”) (the “Examinership”), the supplementary reconstruction process for the Company in Norway (the “Reconstruction”) and the capital raise of up to NOK 6,000 million (the “Capital Raise”), and in particular to the stock exchange announcement of 11 March 2021 regarding the launch of a scheme for an exit from the Examinership and Reconstruction and proposed schemes of arrangement related to the Examinership and a restructuring plan related to the Reconstruction (as further set out therein and together the “Restructuring Proposal”).

The Effective Date (as defined in the Restructuring Proposal) will occur today. The Effective Time (as defined in the Restructuring Proposal) is subject to the registration of the share capital increases and the issuance of convertible loans pertaining to the Capital Raise with the Norwegian Register of Business Enterprises, expected to occur shortly after close of trading on the Oslo Stock Exchange today.

Consequently, the Company and the Examinership Companies have successfully emerged from the Examinership and the Reconstruction, completed the Capital Raise, implemented the Restructuring Proposal and concluded the restructuring. The Reconstruction Proposal will take effect upon the occurrence of the Effective Time, expected to occur shortly after close of trading on the Oslo Stock Exchange today, 26 May 2021.

Throughout the Examinership and Reconstruction processes, the Company has managed to reduce its total debt since the end of 2019 by approximately NOK 63 - 65 billion. In addition, it has discontinued its long haul operations, reduced its fleet from 156 aircraft to 51 aircraft, as well as terminated aircraft orders with Boeing and Airbus representing CAPEX commitments of approximately NOK 85 billion in aggregated value.

The Company has negotiated and signed competitive agreements for 4 owned and 44 leased aircraft and intends to operate the fleet on a short-haul network primarily in Norway and the Nordics or from Norway/the Nordics to Continental Europe. An additional 3 aircraft are under documentation to be retained and leased. All 51 aircraft will be operated based on “Power by the Hour” agreements through Q1 2022 which significantly increase the Company’s flexibility and limit lease payments in the event of a prolonged period with challenging markets due to the COVID-19 pandemic.

The Company’s total liabilities upon completion of the Restructuring Proposal will be approximately NOK 16 - 18 billion, of which NOK 5.8 – 6.3 billion is aircraft related debt. The Company’s cash balance (including restricted cash) upon completion of the Restructuring Proposal is estimated to be approximately NOK 7 billion.

Advisors:
DNB Markets, a part of DNB Bank ASA, acted as Sole Global Coordinator and Joint Bookrunner for the Capital Raise and ABG Sundal Collier ASA acted as Joint Bookrunner (jointly the “Managers”). Seabury Securities ltd served as financial advisor for the Capital Raise. Advokatfirmaet BAHR AS acted as legal counsel to the Company and Advokatfirmaet Thommessen AS acted as legal counsel to the Managers.

For further information, please contact:

Geir Karlsen, Chief Financial Officer, phone: +47 916 08 332

Fornebu 26 May 2021
Norwegian Air Shuttle ASA

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). This release is an announcement issued pursuant to legal information obligations and is subject to 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.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Managers are acting exclusively for the Company and no one else in connection with the Capital Raise and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the offering and/or any other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. No assurance can be given that such expectations will prove to have been correct. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Kilde

[NidarosEsp1]

Hadde et lite lodd etter nedgangen for over 1 år siden. Tapte seg så mye mot nyttår at det ikke var verd å selge. Test kjøp om koronaen skulle bli over og luftfarten skjøt fart igjen. Så feil kan man ta. Får bare sitte med -97,64% på den . hehe.

Føler virkelig med de som gikk inn før mars 2020.

[Kronn]

Skjer her da ?

[Krafer]

Såvidt jeg vet så er vel ikke emisjonsaksjene tilgjengelige enda og jeg mistenker at en del tror duppen i går var emisjonskameratene som solgte og at man nå skal opp - opp - opp fordi selskapet er reddet og bedre rigget for fremtiden.
Så tror jeg det kommer en skikkelig kalddusj når folk får emisjonsaksjene og vil sikre gevinst og dermed presser kursen ned. Men det er nå bare min mening

[Kronn]

@Krafer

Men det er nå bare min mening

Eg stiller meg bak den, trolig ein del fersking som mister sparepengene sine her nå

[TekBot]

Norwegian Air Shuttle ASA: Disclosure of large holdings

Reference is made to the announcement by Norwegian Air Shuttle ASA (“NAS”) on 11 March and 21 May 2021 regarding the offering of new capital perpetual bonds as resolved by the Extraordinary General Meeting on 17 December 2020.
The Norwegian Ministry of Trade, Industry and Fisheries has been allocated 1,213,988,781 bonds at a subscription price of NOK 1 per bond (which equals an aggregate amount of NOK 1,213,988,781.00), in the interest bearing new capital perpetual bond to be issued by NAS. The perpetual bonds can be converted into NAS shares at NOK 9.39 per share (subject to adjustment provisions in the bond terms) from the date falling two years from the issue date (and from the issue date in respect of the first NOK 20,000,000 bonds), and until 24 May 2026 (or such later date after extension of the conversion period), as further described in the bond terms for the new capital perpetual bonds dated 20 May 2021. The conversion right may also be exercised prior to the second anniversary of the issue date in the event of (i) change of control in NAS, (ii) a mandatory offer being made for the shares in NAS, (iii) de-listing of the shares in NAS and (iv) if withholding tax is introduced and NAS exercises its call option, each as further set out in the bond terms.
After the issuance of the perpetual bonds, The Norwegian Ministry of Trade, Industry and Fisheries will have a total of 1,213,988,781 bonds in the perpetual bond which can be converted into 129,285,280 shares in NAS, equal to 18.44% of the shares and votes in NAS.
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The foregoing calculations are based on a share capital of NAS of NOK 70,099,815.80 divided on 700,998,158 shares, each with a par value of NOK 0.10, after the issuance of the new shares in the Private Placement and the Rights Issue.

Kilde

[E24Bot]

Norwegian-aksjonærer gikk glipp av millionverdier

Norwegian-aksjonærer gikk glipp av millionverdier

[TekBot]

Norwegian Air Shuttle ASA (NAS) – New share capital registered, occurrence of the Effective Time

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

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Reference is made to the stock exchange announcement of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 25 May 2021 regarding the final results of the capital raise (consisting of a new capital perpetual bonds offering, a private placement and a rights issue) raising gross proceeds of approximately NOK 6,000 million by issuing 658,945,686 new shares (the “New Shares”) and new capital perpetual bonds in the Company (the “New Capital Perpetual Bonds”). Further reference is made to the stock exchange announcement of 11 March 2021 regarding the launch of a scheme for an exit from the Irish examinership (the “Examinership”) and Norwegian reconstruction (the “Reconstruction”) processes for the Company and certain of its related Irish companies (the “Examinership Companies”) and proposed schemes of arrangement related to the Examinership and a restructuring plan related to the Reconstruction (as further set out therein and together the “Restructuring Proposal”) and the stock exchange announcement published by the Company earlier today regarding the occurrence of the Effective Date (as defined in the Restructuring Proposal).

The share capital increases pertaining to the rights issue and the private placement have now been registered in the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company’s new share capital is NOK 70,125,485.40, divided into 701,254,854 shares, each with a nominal value of NOK 0.10.

The new shares issued in the rights issue are expected to be registered on the respective subscribers’ VPS accounts on or around 28 May 2021 and will be listed and tradable on the Oslo Stock Exchange on or about 27 May 2021, subject however to the relevant subscriber having paid the subscription amount. The new shares issued in the institutional offering of the private placement are expected to be delivered to the respective investors on a delivery versus payment basis on or around 27 May 2021, whereas the new shares issued in the eligible creditor offering of the private placement are expected to be delivered to the respective investor on or around 28 May 2021, subject however to the relevant investor having properly paid for the allocated shares in accordance with the procedures set out in the securities note dated 6 May 2021.

Furthermore, the issuance of the convertible loan pertaining to the New Capital Perpetual Bonds has today been registered with the NRBE.

Consequently, the Effective Time (as defined in the Restructuring Proposal) has occurred and the Company and the Examinership Companies have successfully emerged from the Examinership and the Reconstruction.

Advisors:
DNB Markets, a part of DNB Bank ASA, is acting as Sole Global Coordinator and Joint Bookrunner for the Capital Raise and ABG Sundal Collier ASA is acting as Joint Bookrunner (jointly the “Managers”). Seabury Securities ltd serves as financial advisor for the Capital Raise and Lead Financial Restructuring Advisor. Advokatfirmaet BAHR AS is acting as lead legal counsel to the Company for the overall financial restructuring and the capital raise, Matheson is acting as legal counsel to the Company in Ireland, Weil Gotshal & Manges is acting as legal counsel to the Company in the USA. Advokatfirmaet Thommessen AS is acting as legal counsel to the Managers.

For further information, please contact:

Geir Karlsen, Chief Financial Officer, phone: +47 916 08 332

Fornebu 26 May 2021
Norwegian Air Shuttle ASA

IMPORTANT INFORMATION

This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements, and was prepared by Tore Østby, Investor Relations at Norwegian Air Shuttle ASA, tel. +47 995 46 400.

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). This release is an announcement issued pursuant to legal information obligations and is subject to 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.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Managers are acting exclusively for the Company and no one else in connection with the Capital Raise and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to the offering and/or any other matter referred to in this release.

Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. No assurance can be given that such expectations will prove to have been correct. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Kilde

[E24Bot]

E24-podden med Jacob Schram: Norwegian er «back in the air»

E24-podden med Jacob Schram: Norwegian er «back in the air»

[TekBot]

Norwegian Air Shuttle ASA (NAS) – Recommendations of the Nomination Committee

Reference is made to the stock exchange announcement of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 14 May 2021 regarding the notice of the Annual General Meeting of Norwegian Air Shuttle ASA to be held on Friday 4 June 2021 at 12:00 CEST.

Since the annual general meeting in 2020, the nomination committee has had meetings with new larger shareholders, board members and the company’s management. As part of their considerations the nomination committee has emphasized that the board members have relevant competence and experience and ensuring continuity among the board members.
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Mr Niels Smedegaard, Mr Jaan Albrecht Binderberger and Ms Vibeke Hammer Madsen will step down.

Following the recommendation of the nomination committee the board will comprise the following shareholder-elected members:

• Mr Svein Harald Øygard (Chair of the board)
• Mr Lars Boilesen
• Ms Ingrid Elvira Leisner (to be re-elected for two years)
• Mr Sondre Gravir (elected for 2020-2022)
• Ms Chris Browne (elected for 2020-2022)

Please see attached recommendations from the nomination committee, an attachment to the notice of the annual general meeting 4 June 2021, item 7, 8, 9 and 10.

In accordance with the temporary act of 26 May 2020 on exemptions from physical meetings, etc., the meeting will be held as a digital meeting with electronic voting due to the Covid-19 situation (please see attached guide for online participation). It will not be possible to participate in person.

Detailed information is enclosed to this notice. For registration and further information: https://www.norwegian.com/uk/about/company/investor-relations/

Fornebu, 27 May 2021
Norwegian Air Shuttle ASA

This release is an announcement issued pursuant to legal information obligations and is subject of the disclosure requirements pursuant to the Market Abuse Regulation (MAR) Article 17 no. 1, and was prepared by Tore Østby, Investor Relations at Norwegian Air Shuttle ASA, tel +47 995 46 400.

Kilde

[TekBot]

OSLO BØRS - REMOVAL FROM RECOVERYBOX

See the announcement from Norwegian Air Shuttle published 26. Mai 2021 regarding the registration of new shares. Oslo Børs has decided on the basis of this announcement to remove the company from recoverybox.
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Kilde

[E24Bot]

Valgkomiteen i Norwegian bekrefter: Ønsker Svein Harald Øygard som ny styreleder

Valgkomiteen i Norwegian bekrefter: Ønsker Svein Harald Øygard som ny styreleder

[georglu]

Noen som har noen tanker om hvor NAS skal gå i dag? Enda lenger ned? Aksjen ser ikke ut å komme ut auksjonen ennå?

[E24Bot]

Spetalen og Blystad inne på aksjonærlisten i Norwegian

Spetalen og Blystad inne på aksjonærlisten i Norwegian

[Kronn]

Er alle aksjene fra emisjonen, komt i handel ?

[strongbuy]

retail får vel aksjene idag? og de som kjøpte TR?

[Kronn]

Kjøpte litt på 10,00

[Kronn]

Holder seg fint over 10 nå da, saftig volum, fleste parten som ville slenge ut emiaksjene har vek hatt mulighet til det nå, ser vi en grønn og happy ending på aksjen før helgen da ?