XXL (XXL) ⚽

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XXL ASA - Mandatory notification of trade

Håkon Sandset, Head of Group Accounting and primary insider in XXL ASA, has today bought 10,680 shares in XXL ASA at a price of NOK 9.31. Following this transaction, Håkon Sandset owns 10,680 shares in XXL ASA.

For further queries please contact:
…

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Tolle O. R. Grøterud
Investor Relations XXL ASA
+47 90272959

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Paddy80]

Noen som følger med her? Mtp situasjonen så tror jeg alt av retail vil tjene gode penger i tiden fremover. Spørsmålet er jo også hvordan kursen responderer på emisjonen med tegningskurs på 5 kroner. Noen innspill?

[rayman]

Er begrenset hvor mange sykler og ski hver enkelt av oss trenger, men i xxl sitt tilfellet er det jo kun været som er problemer og ikke at folk har i grunn nok.

[Paddy80]

Ta Elkjøp da, de omsatte i april mer enn de gjorde i desember som er den største måneden i året, det er også begrenset hvor mye elektronikk folk trenger?

[rayman]

Det er det Du får stole på egen magefølelse, den pleier som regel å ha rett

[Paddy80]

Jeg tør ikke gjøre noe før jeg ser utfallet etter emi

[Keefer]

Noen som har satt seg inn i XXL -caset og kan gi noen innspill til om deltakelse i emi til 5 kan være en god investering?

[rayman]

Er det ikke en vurdering du selv bør ta og ikke andre ta for deg?

[Keefer]

Seriøst? Hvorfor er du her om du ikke ønsker investeringstips og diskusjon rundt kommende begivenheter?

[SMO]

Personlig har jeg stor tro på at XXL kommer styrket ut av prosessen de nå står i. Gode folk har kommet inn i ledelsen. Jeg har overtegnet godt.

[Keefer]

Jeg er enig i at XXL mest sannsynlig kommer seg styrket ut til slutt, men hvordan vurderer du prisen på 5, og hvordan tenker du prisutviklingen etter emi?

[SMO]

Det handler om magefølelsen for meg, samtidig som jeg mener at XXL har et mer velutviklet konsept hva gjelder drift og markedsføring enn hovedkonkurrenten. Spennende tider i retail for tiden.

[Christian]

XXL har jo et shitty rykte. Du drar ikke dit hvis du trenger hjelp. Handler litt der selv, men det er kun pris de kan konkurrere på.

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XXL ASA – Subscription by primary insider in the Share Issue

Oslo, Norway, 12 May 2020: Reference is made to the stock exchange announcement published by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) on 4 May 2020 regarding commencement of the subscription period for the fully underwritten share issue raising gross proceeds of approximately NOK 400 million through issuance of new shares in the Company (the “Offer Shares”) at a subscription price of NOK 5.00 per Offer Share (the “Share Issue”).

XXL has received notification of subscription in the Share Issue by the following primary insider:
…

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Ronny Blomseth, Board Member in XXL ASA, has today subscribed for in total 185,000 Offer Shares out of which 107,307 were subscribed on the basis of subscription rights held by Ronny Blomseth. Following completion of the Share Issue, Ronny Blomseth will hold 338,573 shares in the Company, potentially up to 416,266 shares assuming he receives full allocation on his subscription.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.

For further queries, please contact:

Investor Relations:
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com

About XXL
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.

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 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.
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.
Any offering of the securities referred to in this announcement is made by means of a 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 aforementioned prospectus. Copies of the prospectus is available from the Company’s registered office and, subject to certain exceptions, on the websites of DNB Markets, a part of DNB Bank ASA (www.dnb.no/emisjoner) and Nordea Bank Abp, filial i Norge (www.nordeamarkets.com/xxl) (jointly, the “Managers”).
Potential investors should read the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities referred to in this announcement. The approval of the prospectus by the Norwegian Financial Supervisory Authority should not be understood as an endorsement of the securities offered or admitted to trading on the Oslo Stock Exchange.
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 for the Company and no one else in connection with the Share Issue and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Share Issue 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.

Kilde

[Paddy80]

De har en gylden mulighet til å ta andeler og gjøre noe nå, tror denne muligheten er gull for de, men jeg ser på det som ett sparealternativ med års horisont.

[SMO]

Enig. Flere toppledere fra en ikke ukjent grønn retail kjede har startet i selskapet den siste tiden. Dette blir spennede - jeg har stor tro.

[Nightraven]

Nei, de har plukket på øverste hylle, og han som styrer skuta tar ikke med seg hvem som helst.

Så dette blir bra, men det er en jobb som skal gjøres og kanskje spesielt internt…(ref negative avisoppslag)

[TekBot]

XXL ASA: Last day of trading in subscription rights

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, Norway, 14 May 2020: Reference is made to previous announcements by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) regarding the share issue of minimum 52,919,262 and maximum 80,007,247 new shares in the Company (the “Offer Shares”) at a subscription price of NOK 5.00 per Offer Share (the “Share Issue”).
…

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The period for trading in subscription rights (ticker code “XXL T”) in the Share Issue expires today, 14 May 2020, at 16:30 hours (CEST).

Subscription rights that are not sold before 16:30 hours (CEST) today, 14 May 2020, or are not used to subscribe for Offer Shares before expiry of the subscription period in the Share Issue at 16:30 hours (CEST) on 18 May 2020, will have no value and will automatically lapse without compensation to the holder.

For more information, please refer to the prospectus for the Share Issue dated 27 April 2020 and the prospectus supplement dated 30 April 2020, which are available at www.dnb.no/emisjoner and www.nordeamarkets.com/xxl.

For further queries, please contact:

Investor Relations:

Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail:ir@xxlasa.com

This information is subject to disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act

About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.

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 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.
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.
Any offering of the securities referred to in this announcement is made by means of a prospectus dated 27 April 2020, as supplemented by the prospectus supplement dated 30 April 2020 (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 aforementioned Prospectus. Copies of the Prospectus are, subject to certain exceptions, available at the Company’s registered office and on the websites of DNB Markets, a part of DNB Bank ASA (www.dnb.no/emisjoner) and Nordea Bank Abp, filial i Norge (www.nordeamarkets.com/xxl) (jointly, the “Managers”).
Potential investors should read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities referred to in this announcement. The approval of the Prospectus by the Norwegian Financial Supervisory Authority should not be understood as an endorsement of the securities offered or admitted to trading on the Oslo Stock Exchange.
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 for the Company and no one else in connection with the Share Issue and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Share Issue 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.

Kilde

[TekBot]

XXL – IMPLEMENTATION OF INVESTMENT PROGRAM - MANDATORY NOTIFICATION OF TRADE

Oslo, Norway, 18 May 2020: Reference is made to the stock exchange announcement published by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) on 7 January 2020 regarding establishment of a long term management investment program (the “Investment Program”). ’

XXL has offered members of the management, key employees and certain board members to participate in the Investment Program, and such offer has been accepted by the primary insiders listed below and other management members. In the Investment Program, the participants will invest in shares in XXL Management Invest AS (“XMI”). XMI will subscribe for shares in XXL Sport & Villmark AS, a wholly owned subsidiary of XXL, at a calculated market price less an illiquidity discount to reflect a value reduction by reason of the lock-up undertaking referred to below.
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The calculated market price for the shares in XXL Sport & Villmark AS is based on the volume weighted average XXL price for the XXL shares during the 10 trading days period ending on 15 May 2020 of NOK 9.64, adjusted for the assets and liabilities of XXL other than its shares in XXL Sport & Villmark AS. This entails a market price for all shares in XXL Sport & Villmark AS of NOK 1,579.5 million. The shares subscribed for by the participants in XMI and by XMI in XXL Sport & Villmark AS will be subject to a three-year lock-up (the “Lock-up”) which entails an illiquidity discount of 25%.

The total investment of XMI in XXL Sport & Villmark AS will at the implementation of the Investment Program be in the total amount of NOK 61.1 million (after deduction of the illiquidity discount) and XMI will by that amount receive 32,480 ordinary shares in XXL Sport & Villmark AS, representing 4.91% of the total number of shares in that company following the issuance of new shares to XMI. XXL will provide XMI with a loan in the amount of NOK 40.8 million to fund a part of XMI’s investment in XXL Sport & Villmark AS while the remaining NOK 20.4 million will be contributed by the Investment Program participants.

The following primary insiders of XXL participate in the Investment Program:

• Pål Wibe, CEO of XXL, will through his wholly owned company Nordkronen II AS invest NOK 6.25 million in XMI, equal to 9,962 shares in XMI, which will provide him with an indirect ownership of 1.51% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 2,220,000 shares in XXL ASA through Nordkronen II AS.
• Stein Eriksen, CFO of XXL, will through his wholly owned company SAE Invest AS invest NOK 2 million in XMI, equal to 3,188 shares in XMI, which will provide him with an indirect ownership of 0.48% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 32,000 shares and 14,848 subscription rights in XXL ASA.
• Tolle Grøterud, Chief of Staff of XXL, will through his wholly owned company Andolini Holding AS invest NOK 2 million in XMI, equal to 3,188 shares in XMI, which will provide him with an indirect ownership of 0.48% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 48,137 shares through Andolini Holding AS and 70,481 share options in XXL ASA.
• André Sjåsæt, Chief Strategy and Business Development Officer of XXL, will through his wholly owned company Roxbury AS invest NOK 0.813 million in XMI, equal to 1,295 shares in XMI, which will provide him with an indirect ownership of 0.2% in XXL Sport & Villmark AS as part of the Investment Program
• Harald Borgen, Chief Procurement Officer of XXL, will through his wholly owned company IWIA AS invest NOK 0.75 million in XMI, equal to 1,195 shares in XMI, which will provide him with an indirect ownership of 0.18% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 48,700 shares and 70,481 share options in XXL ASA.
• Espen Terland, IT and Omni-channel Director of XXL, will through his wholly owned company Maxan AS invest NOK 0.75 million in XMI, equal to 1,195 shares in XMI, which will provide him with an indirect ownership of 0.18% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns shares 11,636 subscription rights in XXL ASA through Maxan AS. A closely related party owns 841 shares and 390 subscription rights in XXL ASA. Consequently, Espen Terland owns 25,919 shares and 12,026 subscription rights in XXL ASA including closely related parties. Espen Terland holds 70,481 share options in XXL ASA.
• Anders Kjellén, Retail Director of XXL, will through his wholly owned company AGDK Holding AS invest NOK 0.5 million in XMI, equal to 797 shares in XMI, which will provide him with an indirect ownership of 0.12% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 19,500 shares in XXL ASA and 70,481 share options in XXL ASA.
• Ronny Blomseth, Board Member of XXL, will invest NOK 0.5 million in XMI, equal to 797 shares in XMI, which will provide him with an indirect ownership of 0.12% in XXL Sport & Villmark AS as part of the Investment Program. In addition, he owns 231,266 shares 107,307 and subscription rights in XXL ASA and has subscribed for in total 185,000 Offer Shares in the upcoming placement.
• Kjersti Hobøl, Board Member of XXL, will through her wholly owned company Hobøl Invest AS invest NOK 0.5 million in XMI, equal to 797 shares in XMI, which will provide her with an indirect ownership of 0.12% in XXL Sport & Villmark AS as part of the Investment Program.
• Maria Aas-Eng, Board Member of XXL, will through her wholly owned company Pennypacker Inc AS invest NOK 0.5 million in XMI, equal to 797 shares in XMI, which will provide her with an indirect ownership of 0.12% in XXL Sport & Villmark AS as part of the Investment Program. In addition, she owns 24,000 shares in XXL ASA through Art Vandelay Industries AS.

The participation in the Investment Program by board members is subject to the approval by the annual general meeting of XXL on 4th June 2020.

This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.

For further queries, please contact:
Investor Relations:
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail:ir@xxlasa.com

Kilde

[TekBot]

XXL ASA: Last day of the subscription period in the Share Issue

NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Oslo, Norway, 18 May 2020: Reference is made to previous stock exchange announcements published by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) regarding the fully underwritten share issue raising gross proceeds of approximately NOK 400 million through issuance of minimum 52,919,262 and maximum 80,007,247 new shares in the Company at a subscription price of NOK 5.00 per Offer Share (the “Share Issue”), as well as the prospectus dated 27 April 2020 prepared by XXL in connection therewith, as supplemented by prospectus supplement no. I dated 30 April 2020 and prospectus supplement no. II dated 14 May 2020 which are available on the following websites: www.dnb.no/emisjoner and www.nordeamarkets.com/xxl.
…

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The subscription period in the Share Issue expires today, 18 May 2020, at 16:30 hours (CEST). Correctly completed subscription forms must be received by DNB Markets, a part of DNB Bank ASA, or Nordea Bank Abp, filial i Norge, or, in the case of online subscriptions, be registered, within this deadline. Subscription rights that are not used to subscribe for offer shares within this deadline will lapse without compensation to the holder.

For further queries, please contact:
Investor Relations:
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail:ir@xxlasa.com

About XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.

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 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.
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.
Any offering of the securities referred to in this announcement is made by means of a 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 aforementioned prospectus. Copies of the prospectus is available from the Company’s registered office and, subject to certain exceptions, on the websites of DNB Markets, a part of DNB Bank ASA (www.dnb.no/emisjoner) and Nordea Bank Abp, filial i Norge (www.nordeamarkets.com/xxl) (jointly, the “Managers”).
Potential investors should read the prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities referred to in this announcement. The approval of the prospectus by the Norwegian Financial Supervisory Authority should not be understood as an endorsement of the securities offered or admitted to trading on the Oslo Stock Exchange.
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 for the Company and no one else in connection with the Share Issue and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Share Issue 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.

Kilde