Reference is made to the “Terms of Dividend Claims” for Norwegian Air Shuttle ASA (the “Company”) dated 11 March 2021 (the “Dividend Claim Terms”) relating to the dividend claims (the “Dividend Claims”) representing part of the dividends approved by (i) the scheme of arrangement under the Irish examinership commenced by the presentation of a petition on 18 November 2020 for the Company and certain of its Irish subsidiaries as formulated by the examiner of the Company pursuant to section 534 of the Irish Companies Act 2014 and (ii) the reconstruction plan under the Norwegian reconstruction negotiations (Nw. rekonstruksjonsforhandling) in respect of the Company pursuant to section 23 of the Norwegian Temporary Reconstruction Act (Nw. rekonstruksjonsloven) commenced by service of a petition dated 8 December 2020. For further details, please see previously published stock exchange notices.
Capitalised terms used but not defined in this notice shall be given the meaning given to such term in the Dividend Claim Terms.
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Pursuant to the Dividend Claim Terms the No-Sale Dividend Claims shall be converted to shares in the Company on the No-Sale Conversion Date.
Consequently, No-Sale Dividend Claims in an amount of NOK 1,081,934,436.18 have been converted to 125,038,910 new shares in the Company. Such shares will be delivered to the No-Sale Creditors’ relevant Creditor VPS Account in accordance with the Dividend Claims Terms.
The Company’s share capital is increased by NOK 12,503,891 by issue of the above mentioned new shares. The increase pertaining to the conversion of the No-Sale Dividend Claims has today been registered in the Norwegian Register of Business Enterprises (Nw.: Foretaksregisteret). The Company’s new share capital is NOK 92,733,557.20 divided into 927,335,572 shares, each with a nominal value of NOK 0.10.
Issuance of the new shares in the VPS is expected to take place on or about Monday 13 September 2021.
No further new shares in the Company will be issued as a result of conversion of Dividend Claims to shares after the date hereof.
Fornebu 9 September 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 pursuant to section 5-12 of the Norwegian Securities Trading Act and 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. 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.
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