Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Råvaror |
| Industri | Olja & gas |
2021-09-13 17:08:38
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH
SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
Oslo, 13 September 2021
Reference is made to the announcement by Hemen Holding Limited ("Hemen") on 20
August 2021 regarding acquisition of shares in Avance Gas Holding Ltd ("Avance
Gas") which triggered a mandatory offer obligation for Hemen pursuant to section
6-1 of the Norwegian Securities Trading Act.
Hemen is launching a mandatory offer to acquire all shares in Avance Gas that is
not already owned by Hemen (the "Offer"). The terms and conditions of the Offer
are set out in an offer document prepared by Hemen dated 13 September 2021,
which has been approved by the Oslo Stock Exchange in its capacity as take-over
supervisory authority.
Key terms of the Offer:
- Offer price: NOK 43.00 per share
- Offer period: From and including 14 September 2021 to 12 October 2021 at 16:30
CEST
- Settlement date: No later than 14 calendar days after the expiry of the offer
period
- Receiving Agent: DNB Markets, a part of DNB Bank ASA
As of the date hereof, Hemen holds 25,383,231 shares in Avance Gas, equalling
32.78% of the shares and votes in Avance Gas. In addition, Frontline Ltd, a
company in which Hemen holds approximately 40.0% of the shares, owns a total of
442,384 shares in Avance Gas, resulting in an aggregate holding of 25,825,615
shares equalling 33.35% of the shares and votes in Avance Gas.
The offer document will be sent to all shareholders in Avance Gas as registered
in Avance Gas' shareholder register in the VPS as of the date of the offer
document, except to jurisdictions where the offer document may not be lawfully
distributed. The offer document may also be obtained free of charge during
ordinary business hours at the offices of the receiving agent, DNB Markets, a
part of DNB ASA, Registrar Department, Dronning Eufemias gate 30, 0191 Oslo,
Norway, phone: +47 23 26 80 20, e-mail: retail@dnb.no.
The offer document will, subject to regulatory restrictions in certain
jurisdictions, also be made available at www.dnb.no/emisjoner as of the date for
commencement of the offer period.