Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Råvaror |
| Industri | Olja & gas |
2021-10-13 08:23:13
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.
Reference is made to the mandatory offer by Hemen Holding Limited ("Hemen") to
acquire all outstanding shares in Avance Gas Holding Ltd (the "Company")
launched on 14 September 2021 at an offer price per share of NOK 43.00 (the
"Mandatory Offer"). The offer period for the Mandatory Offer expired on 12
October 2021 at 16:30 CEST.
Upon expiry of the offer period in the Mandatory Offer, Hemen had received valid
acceptances for in total 26,051,095 shares, corresponding to approximately
33.65% of the registered share capital and voting rights in the Company, of
which acceptances for 12,125,955 shares were received in the last day of the
offer period, on 12 October 2021. In addition, Hemen has acquired 6,918,627
shares in the market since commencement of the offer period in the Mandatory
Offer at a price per share below or equal to the offer price in the Mandatory
Offer.
Thus, following completion of the Mandatory Offer and subject to due settlement
of the shares for which acceptances are received, Hemen will own 58,352,953
shares in the Company, representing approximately 75.37% of the registered share
capital and voting rights in the Company. In addition, Frontline Ltd, a company
in which Hemen holds approximately 40.0% of the shares, owns a total of 442,384
shares in the Company, resulting in Hemen and Frontline having an aggregate
holding of 58,795,337 shares equalling approximately 75.94% of the share capital
and voting rights in in the Company.
The number of acceptances for which shares are received in the Mandatory Offer
may change based on final counting at the time of settlement.
In accordance with the terms of the Mandatory Offer, settlement of the Mandatory
Offer will be made in NOK as soon as reasonably possible and no later than 14
calendar days after expiry of the offer period (i.e. 26 October 2021).
DNB Markets, a part of DNB Bank ASA, is acting as financial adviser for Hemen
and receiving agent related to the Mandatory Offer.
This information is subject of the disclosure requirements pursuant to section
4-2 and 5-12 of the Norwegian Securities Trading Act.