Norwegian - Småprat (NAS) ✈

E24Bot · februar 13, 2025, 6:45am

Norwegian setter av nye 580 millioner til aksjonærdryss

TekBot · februar 17, 2025, 4:10pm

Norwegian Air Shuttle ASA (NAS) – Mandatory notification of trade, Employee Share Savings Plan

On today, 17 February 2025, a total of 624,830 shares were purchased on behalf of employees in Norwegian Air Shuttle participating in the company’s Employee Share Savings Plan. The average purchase price was NOK 11.7227 per share. The following shares were purchased on behalf primary insiders in the company.

For Knut Olav Irgens Høeg, Chief IT & Business Services Officer, the company has purchased 701 shares. Following this, Høeg holds 216,043 share options and 242,486 shares in NAS.
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For Magnus Thome Maursund, Chief Commercial Officer, the company has purchased 554 shares. Following this, Thome Maursund holds 246,569 share options and 6,421 shares in NAS.

For Hans-Jørgen Wibstad, Chief Financial Officer, the company has purchased 765 shares. Following this, Wibstad holds 563,589 share options and 91,059 shares in NAS.

For Anne-Sissel Skånvik, Chief Communications and Public Affairs Officer, the company has purchased 765 shares. Following this, Skånvik holds 141,597 share options and 51,154 shares in NAS.

For Jeanette Bø-Alnes, Chief Performance Officer, the company has purchased 1,019 shares. Following this, Bø-Alnes holds 23,636 shares in NAS.

For Katrine Gundersen, Employee Representative Board Member, the company has purchased 892 shares. Following this, Gundersen holds 3,047 shares in NAS.

For Eric Holm, Employee Representative Board Member, the company has purchased 568 shares. Following this, Holm holds 1,010 shares in NAS.

For Geir Olav Øien, Deputy Employee Representative Board Member, the company has purchased 564 shares. Following this, Øien holds 8,614 shares in NAS.

For Ilze Silina, Deputy Employee Representative Board Member, the company has purchased 765 shares. Following this, Silina holds 73,964 shares in NAS.

Please see attached notifications for persons discharging managerial responsibilities in accordance with Regulation EU 596/2014 (MAR) article 19 and section 5-12 of the Norwegian Securities Trading Act.

Fornebu, 17 February 2025
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 19 no. 3 and section 5-12 of the Norwegian Securities Trading Act, and was prepared by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, tel. +47 906 64 401.

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TekBot · mars 3, 2025, 7:02am

Norwegian Air Shuttle ASA (NAS) - Agreement to purchase 10 Boeing 737-800 aircraft

Norwegian Air Shuttle ASA (“Norwegian”) can today announce that it has entered into an agreement to purchase 10 Boeing 737-800 aircraft that are currently on lease to the airline.

This transaction represents a key step in securing the company’s future fleet, enhancing financial flexibility, and increasing asset ownership to support long-term operational and strategic growth, in addition to reduced overall ownership cost.
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The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions. The acquisition will initially be funded through the Company’s cash on hand, with Norwegian being in the process of securing long-term financing after completion through a combination of financing arrangements.

On completion of the transaction, Norwegian expects to record a non-recurring gain of approximately NOK 570 million. This gain reflects the pricing the company has been able to achieve for the aircraft and the corresponding reduction of existing lease liabilities. Additionally, the transaction is expected to generate recurring cost savings net of financing costs of an average of approximately NOK 200 million per year.

Norwegian remains committed to prudent management of its balance sheet and will continue to explore opportunities to optimise its fleet composition in alignment with its long-term strategic and financial objectives.

“The overall terms achieved are attractive for Norwegian, and the transaction fits well with our long-term fleet and ownership strategy. The aircraft being acquired are an integral part of Norwegian’s existing fleet and will through this deal continue to operate across our attractive and growing route network. This move is expected to deliver both short and long-term cost savings, as well as provide additional flexibility for future fleet planning,” concludes CEO Geir Karlsen.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 3 March 2025 Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 03 March 2025 at 08:00 CET.

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TekBot · mars 6, 2025, 7:01am

Norwegian Air Shuttle ASA (NAS) - Traffic Figures for February 2025

In February, Norwegian had 1,294,243 passengers, while Widerøe had 288,304 passengers, totalling 1,582,547 for the group. The capacity increased by 14 percent for Norwegian, while Widerøe had a capacity comparable to February 2024. Both airlines had good operational performance and punctuality in February.

“It is encouraging that we maintained a solid load factor of almost 85 percent while significantly increasing capacity compared to last year. In addition, both Norwegian and Widerøe have had a marked improvement in punctuality, which is essential for our customers,” said Geir Karlsen, CEO of Norwegian.
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Norwegian’s capacity (ASK) in February was 2,219 million seat kilometres, up 14 percent from last year. Actual passenger traffic (RPK) for Norwegian was 1,881 million seat kilometres, up 12 percent, while the load factor was 84.8 percent, down 1.2 percentage points from the same period last year. Norwegian operated an average of 74 aircraft during February.

Widerøe had a stable capacity (ASK) in February with 149 million seat kilometres, down 0.5 percent from last year. The actual passenger traffic (RPK) for Widerøe was 104 million seat kilometres, while the load factor was 70.1 percent, up 2.9 percentage points.

On operational performance, both airlines have delivered high punctuality after some winter months with challenging weather. Norwegian’s and Widerøe’s punctuality, defined as the share of flights departing within 15 minutes of scheduled time, was 84.7 percent and 82.6 percent respectively. Regularity, measured by the share of scheduled flights taking place, was 99.5 percent for Norwegian and 96.0 percent for Widerøe.

Ramping up for a busy summer season

With Easter and spring around the corner, Norwegian and Widerøe are now in the process of ramping up for the busy summer season. The summer programme begins at the end of March, and both airlines are seeing good booking momentum for the peak season.

“We are ready for the fast-approaching summer season and have received three brand new aircraft from Boeing so far this year. The Easter holiday period is in high demand, and those looking to travel for the holidays should book now. May is also filling up well with several public holidays, and the booking trend we see for the summer peak season is promising,” said Geir Karlsen.

See detailed traffic figures in the attached PDF.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 6 March 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 6 March 2025 at 08:00 CET.

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TekBot · mars 12, 2025, 7:19am

NOTIFICATION OF MAJOR HOLDINGS

TekBot · april 4, 2025, 6:02am

Norwegian Air Shuttle ASA (NAS) - Traffic Figures for March 2025

In March, Norwegian had 1,587,550 passengers, while Widerøe had 328,385 passengers, totalling 1,915,935 for the group. The capacity increased by 13 percent for Norwegian, while Widerøe had a 9 percent increase in capacity compared to March 2024. Norwegian achieved a strong operational performance and high punctuality in March.

“I am pleased that we are continuing the strong momentum with our operational performance in Norwegian, something that is critical as we start our summer programme. March is the last month of the low season, and we look forward to a busy Easter travel period,” said Geir Karlsen, CEO of Norwegian.
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Norwegian’s capacity (ASK) in March was 2,770 million seat kilometres, up 13 percent from last year. Actual passenger traffic (RPK) for Norwegian was 2,245 million seat kilometres, up 8 percent. The load factor was 81.1 percent, down 3,9 percentage points from the same period last year. The reduction is mainly caused by the 2024 Easter holidays falling in March, as well as a significant capacity increase. Norwegian operated an average of 77 aircraft during March.

Widerøe’s capacity (ASK) in March was 168 million seat kilometres, up 9 percent from last year. The actual passenger traffic (RPK) for Widerøe was 119 million seat kilometres, while the load factor was 70.7 percent, up 0.3 percentage points.

Norwegian and Widerøe’s punctuality, defined as share of flights departing within 15 minutes of scheduled time, was 88.1 percent and 80.7 percent respectively. Regularity, measured by the share of scheduled flights taking place, was 99.4 percent for Norwegian and 95.5 percent for Widerøe.

Start of the summer programme

The beginning of April marks the start of Norwegian’s summer programme. The summer 2025programme includes 350 routes, with 19 new destinations compared to last year.

“Our summer programme swings into action this week, featuring 129 exciting destinations across Europe and beyond. Initial bookings for summer travel are strong, and we are looking forward to flying all our customers to their destinations. We advise any customers with set holiday dates to book early,” said Geir Karlsen.

During March, Norwegian concluded the deal on the purchase of ten previously leased Boeing 737-800 aircraft which will support the airline’s long-term growth and flexibility.

See detailed traffic figures in the attached PDF.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 4 April 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 4 April 2025 at 08:00 CEST.

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TekBot · april 11, 2025, 6:01am

Norwegian Air Shuttle ASA (NAS) – Annual Report 2024

TekBot · april 23, 2025, 2:00pm

Norwegian Air Shuttle ASA (NAS) – Notice of Annual General Meeting 2025

The Annual General Meeting of Norwegian Air Shuttle ASA will be held on 14 May 2025 at 11:00 CEST.

The annual general meeting will be held digitally through Lumi. It will not be possible to attend in person. For digital participation, please use the link https://dnb.lumiagm.com/166755189. Reference and PIN codes to the meeting are available on VPS Investor Services, or in the form attached to the notice to the individual shareholder. Shareholders may vote in advance, or submit a proxy, with or without voting instructions, by 12 May 2025 at 24:00 CEST.
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The notice is attached, and all relevant documents can be found at https://www.norwegian.no/om-oss/selskapet/investor-relations/annual-general/

As mentioned in the Q4 2024 report, the Board of Directors proposes that an additional NOK 0.60 per existing share, be contributed to the company’s dividend fund. This additional amount may be used for dividends, buy-back of shares or the company’s perpetual convertible bonds. Further information is included in the notice of the annual general meeting.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 23 April 2025
Norwegian Air Shuttle ASA

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TekBot · april 28, 2025, 6:45am

Flaggemelding

TekBot · april 29, 2025, 6:00am

Reitan Retail new co-owner in Spenn loyalty currency

Reitan Retail becomes one of three owners of Spenn. Together with founding companies Norwegian and Strawberry, Reitan Retail will continue developing Spenn into the largest loyalty currency in the Nordics.

Spenn will be owned equally by the three companies, and will offer an attractive combination of retail, air travel and accommodation. Surveys show that groceries, fuel and charging, air travel and accommodation are what most customers wish for in loyalty programmes.
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“Reitan Retail is committed to creating the best customer experience in people’s everyday lives, at home and while travelling. We see great potential in connecting our own loyalty programme to a wider alliance, which will give our customers flexibility and more options than ever,” said Ole Robert Reitan, CEO of Reitan Retail.

Reitan Retail is a leading retail company in the Nordics and Baltics, with supermarkets, convenience stores and mobility brands. Every day, the company serves around 2 million customers through strong brands such as REMA 1000, Narvesen, 7-Eleven and Uno-X Mobility, in Norway.

“Our current loyalty programmes will continue, and Spenn will enhance them even further. The first step is to connect in the Norwegian market, and we have an ambition of getting the first brand connected around the turn of the new year. At a later point, we will introduce other countries and brands,” said Ole Robert Reitan.

The period leading up to the launch will focus on developing solutions that make it simple for Reitan Retail’s customers to earn and use Spenn.

Spenn was launched as a loyalty currency by Norwegian and Strawberry in November last year. The concept is to make it easier for members to earn and use Spenn across loyalty programmes, providing members with increased flexibility and faster earning of points.

“Since our first talks with Strawberry, the goal has been to develop a new loyalty currency that would create additional value for our members. Reitan Retail joining as a co-owner is a huge step towards that goal, improving both our own loyalty programme, Norwegian Reward, and the value of Spenn as a preferred loyalty currency. This will give all customers of Norwegian, Strawberry and Reitan Retail improved benefits in the future. We are very much looking forward to this,” said Geir Karlsen, CEO of Norwegian.

Today, Spenn includes 100 brands across the Nordics. Customers can now earn Spenn with Villoid, Homely, Hurtigruten, Farmasiet, BliVakker, Samsung, and Adidas, among others.

“The ambition was always to create a loyalty currency that combines simplicity with choice. With Norwegian, Strawberry and Reitan Retail all using Spenn as their Nordic loyalty currency, we will deliver that simplicity and choice to our customers. With retail, air travel and accommodation as Spenn owners, we are creating a fantastic trifecta for our members, and we can’t wait to continue the development of Spenn together with Reitan Retail,” said Petter A. Stordalen, owner and founder of Strawberry.

The agreement is subject to regulatory approval, which is expected during the summer.

For further information, please contact: Hans-Jørgen Wibstad, CFO at Norwegian, Tel: +47 916 89 661
Or:
Esben Tuman, SVP External Communications at Norwegian, Tel: +47 905 08 400

Fornebu, 29 April 2025
Norwegian Air Shuttle ASA

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TekBot · mai 2, 2025, 8:11am

Invitation to the first quarter presentation of Norwegian Air Shuttle ASA (NAS)

The Norwegian group will release the financial results for the first quarter of 2025 on Thursday 8 May 2025. The report and presentation will be made available at 7:00 CEST at www.norwegian.no/om-oss/selskapet/investor-relations/ and on NewsWeb. The Company will present the results at 8:30 CEST at House of Oslo, Ruseløkkveien 34, Oslo. The presentation will be held by CEO Geir Karlsen and CFO Hans-Jørgen Wibstad.

A live webcast will be available at www.norwegian.no/om-oss/selskapet/investor-relations/.
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In addition to questions from the audience, we will open up for questions sent to investor.relations@norwegian.com with subject “Question Q1 presentation”. Please note that questions from the audience will be prioritised in the event of time constraints.

For further information, please contact:
Jesper M. Hatletveit, Investor Relations at Norwegian Air Shuttle ASA Tel: +47 906 64 401

Norwegian Air Shuttle ASA
Fornebu, 2 May 2025

Kilde

TekBot · mai 7, 2025, 6:00am

Norwegian Air Shuttle ASA (NAS) - Traffic Figures for April 2025

In April, Norwegian had 1,931,550 passengers, while Widerøe had 334,228 passengers, totalling 2,265,778 for the group. Capacity growth stabilised compared to the previous months, and April had a 3.2 percentage point increase in load factor compared to last year. Norwegian continues to have strong operational performance, and a robust booking momentum going into summer.

“We are very pleased with April, especially in terms of passenger numbers and operational performance. Easter contributed to a solid load factor in April, despite capacity increasing by over 25 percent compared to last year’s Easter week. In addition, we are proud that Widerøe managed to set a record in the number of passengers during a single day, not once, but twice, in April,” said Geir Karlsen, CEO of Norwegian.
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Norwegian’s capacity (ASK) in April was 3,194 million seat kilometres, up 1 percent from last year. Actual passenger traffic (RPK) for Norwegian was 2,669 million seat kilometres, up 5 percent. The load factor was 83.6 percent, up 3.2 percentage points. Norwegian operated an average of 82 aircraft during April.

Widerøe’s capacity (ASK) in April was 174 million seat kilometres, down 2 percent from last year. The actual passenger traffic (RPK) for Widerøe was 125 million seat kilometres, while the load factor was 71.8 percent, up 7.7 percentage points.

Norwegian and Widerøe’s punctuality, defined as share of flights departing within 15 minutes of scheduled time, was 88.1 percent and 85.5, respectively. Regularity, measured by the share of scheduled flights taking place, was 99.6 percent for Norwegian and 94.5 percent for Widerøe.

Solid momentum in operations and bookings

Norwegian continued its solid trend on operations through April and during the busy Easter holiday period.

“I am proud of our hard-working colleagues who are delivering strong results on operational performance. This bodes well for the rest of the summer programme, and ticket sales for the summer are higher this year than what we saw during the same period last year. We are ready for a busy summer,” said Geir Karlsen.

In April, Norwegian and Strawberry announced that Reitan Retail is becoming a new partner and co-owner of the loyalty currency Spenn. In the announcement, CEO Geir Karlsen said: “This will give all customers of Norwegian, Strawberry and Reitan Retail improved benefits in the future.”

See detailed traffic figures in the attached PDF.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 7 May 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 7 May 2025 at 08:00 CEST.

Kilde

TekBot · mai 8, 2025, 5:02am

Norwegian Group with improved first quarter results

The first quarter was characterised by a continued significant growth in passengers for both Norwegian and Widerøe. The results were positively impacted by efficiency gains and initiatives implemented during the quarter, including the purchase of ten previously leased Boeing 737-800 aircraft.

Norwegian recorded an operating loss (EBIT) of NOK 611 million for the group in the first quarter of 2025, an improvement of NOK 152 million from last year. Operating profit was also impacted by the strengthening of NOK against USD during the quarter. Norwegian’s liquidity position was NOK 10.5 billion at quarter-end, following the aircraft acquisition which was initially financed with the group’s available cash. The Norwegian Group fleet, including Widerøe, comprised a total of 140 aircraft. 89 aircraft in Norwegian and 51 aircraft in Widerøe.
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“We continue on a positive trajectory in the year’s first quarter, and it is encouraging to see that our initiatives are yielding results on the cost side. The acquisition of ten previously leased aircraft impacts our results this quarter positively and provides recurring savings and more flexibility going forward. Widerøe is on a positive heading and delivered daily passenger records twice in April,” said Geir Karlsen, CEO of Norwegian.

In the first quarter of 2025, Norwegian Group had 5.1 million passengers, of which 4.2 million were passengers of Norwegian and 0.9 million of Widerøe. For Norwegian, the capacity (ASK) was up 16 percent, while the Widerøe capacity increased by 4 percent. The quarterly load factor for Norwegian was 82.5 percent, down 2.3 percentage points from the same period last year, mainly due to the timing of Easter as well as a significant capacity increase. Punctuality, the share of flights departing within 15 minutes of schedule, was 81.9 percent for Norwegian and 79.3 percent for Widerøe.

Looking ahead to the busy summer season

Norwegian’s summer programme took flight from 30 March. This initiates a significant ramp-up with a total of 350 routes to 129 destinations to Europe and beyond. The important Easter week came later this year, which corresponds better with Norwegian’s capacity ramp-up for the summer.

“The summer programme is well on its way. We have ramped up the production and onboarded all the colleagues needed for the busy peak season. In other words, we are ready for a great summer, and we can already see that our customers are ready to travel as well. The booking trend looks good across both Norwegian and Widerøe, with June selling well ahead of last year,” said Geir Karlsen.

The Norwegian fleet is forecasted at 88 aircraft through the peak summer season, while the overall production for 2025 is forecasted to grow by approximately 3 percent compared to the previous year.

For detailed information, please see attached report and presentation.

For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661

Fornebu, 8 May 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Jesper M. Hatletveit, VP Investor Relations at Norwegian Air Shuttle ASA, on 8 May 2025 at 07:00 CET/CEST.

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E24Bot · mai 8, 2025, 5:17am

Vinterknekk for Norwegian - tapte 757 millioner før skatt

E24Bot · mai 8, 2025, 5:44am

Vinterknekk for Norwegian - tapte 757 millioner

E24Bot · mai 8, 2025, 9:31am

Norwegian slo forventningene, men aksjen faller. Hva skjer?

E24Bot · mai 8, 2025, 1:42pm

Valgte seg april

E24Bot · mai 8, 2025, 6:08pm

Norwegian vil kjøpe flere fly: – Vi leter med lykt og lupe

TekBot · mai 12, 2025, 6:01am

NORWEGIAN AIR SHUTTLE ASA – FRN PERPETUAL SUBORDINATED CONVERTIBLE BONDS WITH ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO0011157331 AND ISIN NO 0011157356 – CONTEMPLATED BUY-BACK

12 May 2025 – Reference is made to the stock exchange notice regarding the exercise of the call option to redeem all outstanding bonds under the FRN perpetual subordinated convertible bonds with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the aggregate outstanding amount of NOK 1,501,015,057 (the “Bonds”).

Norwegian Air Shuttle ASA (the “Company”) is contemplating a buy-back of up to 50 per cent of the Bonds at a fixed price of 140.0426 per cent of the Nominal Value for each Bond (equal to NOK 13.15 per share as if converted to shares) (the “Buy-Back Price”).
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Eligible bondholders are hereby invited to tender their Bonds through submission of the attached bondholders offer form (the “Bondholder Offer Form”). The deadline for submission is 16:00 CEST on 16 May 2025.

All bondholders tendering Bonds will, to the extent practically possible, receive allocations on a pro-rata basis up to the amounts offered. The Company may in its sole discretion reduce the number of Bonds to be acquired on a pro rata basis for Bonds offered at the Buy Back Price. Cash settlement is set to on or about 21 May 2025.

The Company has agreed to purchase a pro rata share of the Bonds held by the Norwegian state, represented by the Norwegian Ministry of Trade, Industry and Fisheries (“NMTIF”), which in turn has agreed to sell to the Company Bonds with a nominal value of NOK 615,819,077, representing 50 per cent of NMTIF’s holding.

The acquired bonds will be cancelled following settlement. The Company will only accept offers from bondholders or beneficial owners (or any person acting as agent, custodian, fiduciary or in another intermediary capacity for a bondholder or beneficial owner) who is not a U.S. person (as such term is defined pursuant to Regulation S under the US Securities Act of 1933, as amended) and who is outside the United States. Other offer and distribution restrictions apply, as further set out in the Bondholders Offer Form.

DNB Carnegie, a part of DNB Bank ASA (“DNB Carnegie”), is acting as Manager of the buy-back. All submissions of Bondholders Offer Forms are to be sent by e-mail (NAS_2025@dnb.no) to DNB Carnegie no later than 16:00 CEST on 16 May 2025.

The Company may, in its sole discretion, waive, extend, terminate, withdraw, reduce or increase the size of the buy-back at any time. Any prospective changes to this offer will be announced on www.stamdata.com and www.newsweb.no.

Bonds that are not tendered through submission of a Bondholder Offer Form before 16:00 CEST on 16 May 2025 will be subject to redemption pursuant to the call notice submitted to Nordic Trustee AS earlier today. The repayment date for the Bonds is expected to be on 11 June 2025.

Bondholders who want to exercise its Conversion Right pursuant to the Bond Terms are referred to the stock exchange notice published on the same date, titled “NORWEGIAN AIR SHUTTLE ASA – NOTICE OF EXERCISE OF CALL OPTION”.

Information about Norwegian Air Shuttle ASA, including company financials and stock exchange releases, can be found on the Company’s investor relation website (https://www.norwegian.no/om-oss/selskapet/investor-relations/).

For additional information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Or:
Esben Tuman, SVP External Communications at Norwegian Air Shuttle ASA, Tel: +47 905 08 400

Fornebu, 12 May 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 12 May 2025 at 08:00 CEST.

Kilde

TekBot · mai 12, 2025, 6:01am

NORWEGIAN AIR SHUTTLE ASA – NOTICE OF EXERCISE OF CALL OPTION

The Company has today notified Nordic Trustee AS that it will exercise the call option to redeem all outstanding bonds under the FRN perpetual subordinated convertible bond loan with ISIN NO 0010996440, ISIN NO 0010996432, ISIN NO 0011157331 and ISIN NO 0011157356 in the aggregate outstanding amount of NOK 1,501,015,057 (the “Bonds”).

The Bonds with ISIN NO 0010996440 and ISIN NO 0010996432 (Ordinary Conversion Bonds and Early Conversion Bonds, respectively) were issued on 26 May 2021, while the Bonds with ISIN NO 0011157331 and ISIN NO 0011157356 (PIK Bonds) were issued on 1 December 2021, all of which are subject to the same Bond Terms and with no scheduled maturity.
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The entire bond issue will be repaid at a price equal to 103 per cent of the Nominal Value, plus accrued and unpaid interest on the redeemed amount, with repayment date on 11 June 2025 (the “Call Option Repayment Date”).

Bondholders who want to exercise its Conversion Right must submit a Conversion Notice substantially in the form titled “Template Conversion Notice” attached to this stock announcement (and transfer their respective Bonds to the Paying Agent (DNB Bank ASA) through VPS Euronext Securities Oslo) in accordance with the procedures set out in Clause 12.2 “Procedure for exercise of Conversion Rights” of the Bond Terms prior to expiry of the Conversion Period, which is the date falling on the 10th Business Day prior to the Call Option Repayment Date, i.e. on 26 May 2025.

Reference is made to the attached notice from Nordic Trustee AS for further information about the Call Option.

For additional information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Or:
Esben Tuman, SVP External Communications at Norwegian Air Shuttle ASA, Tel: +47 905 08 400

Fornebu, 12 May 2025
Norwegian Air Shuttle ASA

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. This stock exchange announcement was published by Teodora Samoila, Financial Analyst at Norwegian Air Shuttle ASA, on 12 May 2025 at 08:00 CEST.

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