XXL (XXL) ⚽

swing · april 16, 2020, 11:18pm

Hjelper ikke XXL at det er trendy å kjøpe brukt.

Bingo123 · april 21, 2020, 12:54pm

Hva er lurt her, kjøpe nå fordi man har tro og ønsker tegningsrettighetene, eller vente fordi den nok faller ned til emisjonskurs kr 5? Eller er set up slik at den overhodet ikke går ned til emi kurs ?

Janno · april 21, 2020, 1:13pm

Link til emisjon?

Bingo123 · april 21, 2020, 1:15pm

https://newsweb.oslobors.no/message/500076

Bingo123 · april 21, 2020, 1:15pm

https://newsweb.oslobors.no/message/500075

TekBot · april 23, 2020, 6:52am

XXL ASA: Tradeable subscription rights to be issued in the underwritten 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, 23 April 2020: Reference is made to the stock exchange announcements published by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) on 1 April 2020 with key information relating to the proposed NOK 400 million underwritten share issue in the Company (the “Share Issue”) and on 3 April 2020 by which notice of the Company’s extraordinary general meeting to be held on 24 April 2020 to resolve the Share Issue (the “EGM”) was published.
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As set out in the EGM notice, the Company did not contemplate issuing tradeable subscription rights in connection with the Share Issue. When resolving to propose the Share Issue on 31 March 2020, the Board of Directors had two available transaction structures available:

(i) a fully underwritten rights issue with tradeable rights and in which the subscription price was to be set shortly before the EGM in line with market practice for rights issues, i.e. with a discount in the range of 30% to the theoretical ex rights share price; and

(ii) a fully underwritten share issue without tradeable rights directed at the shareholders of the Company at the date of the EGM and in which the subscription price was fixed at NOK 5, which represented at premium of 15% to the volume weighted share price the last five trading days prior to and including 31 March 2020.

Based on the Company’s financial position, the extraordinary situation and volatility in the equity capital markets, and the uncertainty relating to the effects for XXL of the COVID-19 pandemic, the Board of Directors was of the view that alternative (ii) with a fixed subscription price would provide stability and predictability and thus be in the best interest of all shareholders, including those who for any reason will not or cannot participate in the share issue with their pro rata portion.

The proposed Share Issue and the related debt refinancing announced on 1 April 2020 have been well received by the market.

Oslo Børs has in a letter to the Company dated 15 April 2020, which the stock exchange has published on its web page, criticised the Company for proposing not to issue tradeable subscription rights and thereby allegedly having breached section 8.2 of the listing rules for equities on Oslo Børs (the “Listing Rules”), and urged the Company to provide for tradable subscription rights in the Share Issue to be listed on Oslo Børs.

The Company is of the view that there is no legal basis for the position taken by Oslo Børs. Section 8.2 of the Listing Rules states that Oslo Børs as a main rule shall list preferential rights issued in rights offerings pursuant to section 10-4 of the Norwegian Public Limited Companies Act, but the rule does in the Company’s view not place obligations on the listed companies, and does accordingly not require a listed company to issue tradable preferential rights when conducting a share issue directed at its shareholders.

Further, the initial proposed transaction structure (i.e. alternative (ii) above) would not have deprived value from any shareholders who are not able to participate in the Share Issue or resulted in any unequal treatment of shareholders. Those shareholders who would otherwise have preferred to sell preferential rights in order to fund participation in the Share Issue could under the proposed transaction structure have sold shares for the same purpose and thereby achieved the same result in terms of post transaction ownership. Alternatively, they could have sold shares before they traded ex rights and repurchased shares when they traded exclusive of the rights to participate in the Share Issue, and thereby cashed out the value of the subscription rights. Consequently, there is no basis for criticising the proposed structure from a commercial or shareholder treatment perspective.

Notwithstanding that there is in the Company’s view no legal basis for the criticism from Oslo Børs and that the proposed structure appears to have been well received by stakeholders, the underwriters of the Share Issue have in line with the request from Oslo Børs informed the Company that they will waive the condition relating to tradeable rights. On that basis, the Board of Directors has resolved to adjust the proposed resolution with respect to the Share Issue to be voted on under item 3 on the agenda for the EGM to be held on 24 April 2020 so that tradeable subscription rights will be issued in the Share Issue. The subscription price will remain fixed at NOK 5. It is expected that the subscription rights will be listed on Oslo Børs in the period from 4 May 2020 to 14 May 2020.

Shareholders who have already casted their votes with respect to item 3 on the agenda for the EGM to be held on 24 April 2020 (Share Issue) will be deemed to have voted with respect to the proposal under that agenda point as adjusted in accordance with the above, unless the votes are withdrawn or amended by email to genf@dnb.no prior to the EGM.

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. If the proposed share issue is carried out, copies of a prospectus will be 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

TekBot · april 23, 2020, 6:56am

XXL ASA – Updated key information relating to the rights issue to be carried out by XXL ASA

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.

Date on which the terms and conditions of the rights issue were announced: 31 March 2020
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Last day including right: On or about 24 April 2020
Ex-date: On or about 27 April 2020
Record Date: On or about 28 April 2020
Date of approval: On or about 24 April 2020
Number of new shares: 80,007,247
Subscription price: NOK 5.00
Will the rights be listed – yes/no: Yes

Other information:
The rights issue is subject to approval by the extraordinary general meeting (“EGM”) of XXL ASA, which will be held on or about 24 April 2020. According to the current timetable, and subject to approval by the EGM, the subscription period for the rights issue is expected to commence on or about 4 May 2020 and end on or about 18 May 2020. XXL’s shares are expected to be traded exclusive of subscription rights from on or about 27 April 2020. Oversubscription will be allowed. Subscription without subscription rights will not be allowed.

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

This information is published in accordance with the requirements of the Continuing Obligations.

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 will be 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, if a prospectus is published. Copies of any such prospectus will, following publication, be 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”).
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 offering 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 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.

Kilde

TekBot · april 27, 2020, 8:52pm

XXL ASA: Approval and publication of prospectus for 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, 27 April 2020: As previously announced, XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) will carry out a fully underwritten share issue (the “Share Issue”) raising gross proceeds of approximately NOK 400 million through issuance of new shares at a subscription price of NOK 5.00 per share.
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The Norwegian Financial Supervisory Authority has today, 27 April 2020, approved the Company’s prospectus prepared in connection with the Share Issue (the “Prospectus”).

The Prospectus, including the subscription form, will, subject to applicable local securities laws, be available at www.dnb.no/emisjoner and www.nordeamarkets.com/xxl. Copies of the Prospectus, including the subscription form, may also be ordered by contacting DNB Markets Registrars Department (Tel.: +47 23 26 80 20) or Nordea Bank Abp, filial i Norge (Tel: +47 24 01 34 62).

The subscription period for the Share Issue is expected to commence on 4 May 2020 at 09:00 hours (CEST) and expire on 18 May 2020 at 16:30 hours (CEST). The subscription rights are expected to be tradable from 09:00 hours (CEST) on 4 May 2020 to 16:30 hours (CEST) on 14 May 2020.

Further information about the Share Issue and the subscription procedures is included in the Prospectus.

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 will be 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 will, following publication, be 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”).
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 subsequent offering 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 subsequent 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.

Kilde

TekBot · april 29, 2020, 5:00am

XXL ASA – Extraordinary quarter focused on preparing for a new normal

Q1 2020 was an extraordinary quarter in many ways. The COVID-19 situation has affected us all, and XXL has worked hard on ensuring the safety of its employees and customers while keeping stores open for operation. Lack of winter conditions in the quarter combined with COVID-19 have made it very difficult for all players in the industry. XXL responded quickly with a major effort to clear out winter inventory to preserve cash and allow for an attractive and up-to-date product offering next winter. This led to strong sales, weak margins but a solid financial situation entering the second quarter.

XXL also secured its long term funding needs through new loan facilities as well as new capital. During the quarter XXL also successfully sold off a substantial part of its inventory resulting in a liquidity reserve of NOK 0.8 billion (NOK 0.4 billion).
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Highlights

Operating revenue of NOK 2 162 million (NOK 2 014 million), up 7 per cent

Like for like growth of 3 per cent

EBITDA reported of minus NOK 83 million (NOK 192 million)

Liquidity reserves of NOK 774 million (NOK 417 million)

Secured long term funding

Update on the COVID-19 situation
XXL has initiated contingency plans for different challenges that may occur related to the COVID-19 situation. Focus is on the well-being of all our employees and XXL has strengthen the frequency and routines related to cleaning and hygiene in all parts of its operations. XXL will at all times comply with the COVID-19 guidelines issued at any given time by the Norwegian Institute of Public Health and other relevant authorities in the markets it operates, and has established good routines for informing employees, customers and business partners.

As announced on 15 March 2020, Austrian authorities, with effect from 16 March 2020, decided to temporarily close down retail trade other than food, pharmacies and other important supply functions in the country as a precautionary measure to contribute to limit the contagion of COVID-19. As a consequence, the five XXL stores in Austria closed from Monday 16 March 2020. XXL monitors the situation closely and has initiated several actions to reduce costs during this period including temporarily layoffs of around 200 employees. The Austrian authorities plan to lift the ban from 2 May and XXL will open its stores accordingly.

Following the restriction imposed by Norwegian authorities on traveling abroad, XXL has initiated several measures to reduce costs related to its outlet stores including temporarily layoffs of employees and reduced opening hours. These stores are close to the Norwegian border and are heavily reliant on customers traveling from Norway.
As a consequence of the significant decline in sales during the last weeks of March, XXL resolved to give notice of temporary layoffs to around 1 000 store employees in Norway and around 450 employees in Finland.

So far there has been no major disruptions in the inbound or outbound distribution.

Going into April XXL experiences increased demand in Norway and Sweden, especially in categories related to the spring season and home gym equipment, but with significant variations between the various stores. E-commerce continues to see good growth. Finland has been more challenging with negative sales growth so far in April. The Austrian stores will be closed for the whole month. XXL has decided to cancel some temporarily layoffs in Norway due to the improved sales in some departments.

XXL continues to monitor the situation closely and will as part of its contingency plan evaluate alternative actions when necessary.

Outlook
XXL has signed 4 new lease agreements for store openings in 2020 where of 1 in Norway, 1 in Sweden and 2 in Austria. The new stores in Norway and Sweden opened in Q1 2020.

In line with the existing growth strategy, XXL will continue to invest in new stores, E-commerce platform, existing stores, infrastructure and IT. Total CAPEX for XXL Group in 2020 is expected to be around NOK 150-180 million. Going forward XXL expects to slow down the pace of the store roll-out to 3-5 new stores per year and focus on new stores in Austria and some in Sweden. At the same time XXL will be downsizing several existing stores.
XXL has a mid-term ambition of inventory per store of NOK 25 million.

For further information please find attached the quarterly report and the presentation material. For APMs please see the quarterly report for further definitions and reconciliations.

The results will be presented at 08:30 CET by CEO Pål Wibe and CFO Stein Eriksen. The presentation will be held in English and will be webcasted at www.xxlasa.com.

Due to restrictions caused by COVID-19 the presentation will be conducted only as a webcast.

For further queries, please contact:
Press contact Norway:
Marte Ramuz Eriksen
Email: presse@xxl.no
Phone: + 47 952 21 425

Press contact Sweden and International
Anders Andrén
Email: press@xxl.se
Phone: +46 76-133 99 40

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

This information is subject of the 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.

Kilde

TekBot · april 29, 2020, 5:04am

XXL ASA – Annual Report 2019

Please find attached the Annual report 2019 from XXL ASA, including the annual accounts, financial statements and Board of Directors report. There is a deviation from the Q4 2019 report regarding the income tax expense which has increased from NOK (87) million to NOK (57) million. The effective tax rate for 2019 was 14.9%. Net income decreased to NOK (327) million from NOK (297) million.

The report is available on www.xxlasa.com/annual-reports
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For further queries, please contact:

Tolle O. R. Grøterud
Investor Relations XXL ASA
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.

Kilde

TekBot · april 29, 2020, 8:15am

XXL ASA - Mandatory notification of trade

TekBot · april 30, 2020, 11:09am

XXL ASA: Approval and publication of prospectus supplement in connection with 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, 30 April 2020: Reference is made to the stock exchange announcement by XXL ASA (“XXL” or the “Company”, OSE ticker code “XXL”) on 27 April 2020, regarding the Norwegian Financial Supervisory Authority’s approval of the Company’s prospectus dated 27 April 2020 (the “Prospectus”) prepared in connection with the fully underwritten share issue (the “Share Issue”) raising gross proceeds of approximately NOK 400 million through issuance of new shares at a subscription price of NOK 5.00 per share.
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On 29 April 2020, e.g. following publication of the Prospectus, the Company published (i) its audited consolidated financial statements for the Group as at, and for the year ended, 31 December 2019 (the “2019 Financial Statements”) and (ii) its unaudited consolidated financial statements for the three months period ended 31 March 2020 (the “Q1 2020 Interim Financial Statements”).

The Norwegian Financial Supervisory Authority has today, 30 April 2020, approved a supplement dated 30 April 2020 to the Prospectus (the “Prospectus Supplement”). In the Prospectus Supplement, the 2019 Financial Statements and the Q1 Interim Financial Statements are incorporated by reference. The information contained in the Prospectus Supplement shall be considered as an integral part of, and is to be read together with, the Prospectus.

The Prospectus Supplement is published today and will, subject to applicable local securities laws, be available at www.dnb.no/emisjoner and www.nordeamarkets.com/xxl. Copies of the Prospectus Supplement may also be ordered by contacting DNB Markets Registrars Department (Tel.: +47 23 26 80 20) or Nordea Bank Abp, filial i Norge (Tel: +47 24 01 34 62).

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 will be 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 and prospectus supplement. Copies of the prospectus is, and the prospectus supplement will, following publication, be 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”).
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 · april 30, 2020, 1:15pm

Oslo Børs – Tegningsrettene i XXL ASA vil bli notert / The subscription rights in XXL ASA will be listed 04.05.2020

TekBot · april 30, 2020, 2:33pm

XXL ASA - Contemplated sale of existing shares

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, 30 April 2020. DNB Markets, a part of DNB Bank ASA (“DNB Markets”) and Skandinaviska Enskilda Banken AB, Oslo Branch (“SEB”) (DNB Markets and SEB jointly the “Managers”) have been engaged by Dolphin Management AS (“Dolphin” or the “Seller”) for a contemplated sale of up to 13,000,000 existing shares in XXL ASA (“XXL” or the “Company”), representing around 7.5 percent of the issued share capital and voting rights in XXL (the “Transaction”). The Transaction is contemplated carried out in order to facilitate the Seller’s participation in the upcoming share issue in XXL as well as to provide the Seller with proceeds for general corporate purposes. The Transaction will be structured as an accelerated book-building process.
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The book-building process will commence following the publication of this announcement and may be closed at short notice at the sole discretion of the Managers. Further announcements will be made following completion of the book-building. The Seller reserves the right, at its sole discretion, to sell fewer shares or no shares at all and to reduce or disregard any order.

Dolphin is represented on the Board of Directors of XXL with Øivind Tidemandsen.

Important Notice
The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by the Managers nor any of their affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.

Kilde

E24Bot · april 30, 2020, 2:50pm

Bingo123 · april 30, 2020, 8:29pm

https://newsweb.oslobors.no/message/504421

Kr. 9

he67 · april 30, 2020, 9:32pm

Wibe tar 2,2 mil. Lover bra

Bingo123 · april 30, 2020, 9:41pm

Helt klart. Kjempenyhet. Lurer på hvem som kjøpte de andre nesten 9 mill aksjene

TekBot · mai 5, 2020, 8:51am

XXL ASA – Work force reduction

Reference is made to the Q1 2020 interim report and presentation published by XXL ASA (“XXL” or the “Company”) on 29 April 2020. As stated therein, XXL is working on a number of initiatives to improve the sales trend and to adjust its cost base to current sales volumes and market conditions, including to right size its organisation and thereby reduce the cost base. As part of this, XXL has resolved to initiate a process to reduce its workforce at the headquarter in Norway by around 45 employees, representing around 20 per cent of the headquarter and Group functions staff in Norway. In Sweden formal procedures regarding potential dismissals in HQ functions are about to be initiated. In Finland the cooperative procedure regarding dismissals at the HQ are about to be initiated.

”This is not an easy decision to make, and we are grateful for the good dialogue and understanding from our employee representatives. We will ensure a transparent and fair process and to support everyone affected. I would like to express my gratitude to all employees in XXL for the efforts they have made and are making through these challenging times, but the market conditions force us to reduce our cost base. We believe that the new organizational structure will lay the foundation for a stronger, more effective company in the years to come,” says CEO Pål Wibe.
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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 with more than 5 500 employees. 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.

For queries, please contact: Press contact Norway:
Press contact Norway:
Marte Ramuz Eriksen
Email: presse@xxl.no
Phone: + 47 952 21 425

Press contact Sweden and International
Anders Andrén
Email: press@xxl.se
Phone: +46 76-133 99 40

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

Kilde

TekBot · mai 6, 2020, 2:36pm

XXL ASA – Subscription and sale of subscription rights by primary insiders in the Share Issue

Oslo, Norway, 6 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 insiders and close associates of primary insiders:
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Stein Eriksen, CFO in XXL ASA, has today subscribed for in total 14,848 Offer Shares by use of all his granted subscription rights. Following completion of the Share Issue, Stein Eriksen will hold 46,848 shares in the Company.

Tom-Erik Kjønø, Buying Director in XXL ASA, has today subscribed for in total 95,120 Offer Shares, by use of all his granted subscription rights, through Kjønø Holding AS and Pappa Romeo Invest AS, which have subscribed for 92,800 Offer Shares and 2,320 Offer Shares respectively. Following completion of the Share Issue, Tom-Erik Kjønø will hold 300,120 shares in the Company of which Kjønø Holding AS will hold 292,800 shares and Pappa Romeo Invest AS will hold 7,320 shares.

Espen Terland, IT Director in XXL ASA, has today subscribed for in total 12,026 Offer Shares, by use of all his granted subscription rights, through Maxan AS and a closely related party, which have subscribed for 11,636 Offer Shares and 390 Offer Shares respectively. Following completion of the Share Issue, Espen Terland will hold 37,945 shares in the Company including close associates of which Maxan AS will hold 36,714 shares and a closely related party will hold 1,231 shares.

The following primary insiders have today sold all their granted subscription rights

Harald Borgen, Chief Procurement Officer in XXL ASA, has sold 22,596 subscription rights at NOK 4.12 per right. Harald Borgen holds 48,700 shares in the Company.

Anders Kjellén, Retail Director in XXL ASA, has sold 9,048 subscription rights at NOK 4.56 per right. Anders Kjellén holds 19,500 shares in the Company.

Tolle Grøterud, Chief of Staff in XXL ASA, has sold 22,335 subscription rights at NOK 4.29 per right through Andolini Holding AS. Tolle Grøterud holds 48,137 shares in the Company through Andolini Holding AS.

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