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Kurs & Likviditet

Kursutveckling och likviditet under dagen för detta pressmeddelande

Kalender

2024-02-29 Bokslutskommuniké 2023
2023-11-16 Kvartalsrapport 2023-Q3
2023-07-26 Kvartalsrapport 2023-Q2
2023-05-12 15-6 2023
2023-04-27 Kvartalsrapport 2023-Q1
2023-04-17 Ordinarie utdelning SEAW7 0.00 NOK
2023-04-14 Årsstämma 2023
2023-03-02 Bokslutskommuniké 2022
2022-11-17 Kvartalsrapport 2022-Q3
2022-10-06 Extra Bolagsstämma 2022
2022-07-28 Kvartalsrapport 2022-Q2
2022-04-28 Kvartalsrapport 2022-Q1
2022-04-11 Ordinarie utdelning SEAW7 0.00 NOK
2022-04-08 Årsstämma 2022
2022-03-03 Bokslutskommuniké 2021
2021-11-17 Kvartalsrapport 2021-Q3
2021-09-30 Extra Bolagsstämma 2021
2021-08-27 Kvartalsrapport 2021-Q2
2021-05-28 Kvartalsrapport 2021-Q1
2021-05-21 Ordinarie utdelning SEAW7 0.00 NOK
2021-05-20 Årsstämma 2021
2021-02-25 Bokslutskommuniké 2020
2020-11-13 Kvartalsrapport 2020-Q3

Beskrivning

LandNorge
ListaEuronext Growth Oslo
SektorTjänster
IndustriShipping & Offshore
Seaway 7 är verksamma inom transportbranschen. Bolaget är specialiserade inom hantering och transport av tyngre material. Särskilt affärsfokus återfinns inom den maritima sektorn, där bolaget erbjuder transportlösning för större projekt som sker ute till havs. Störst verksamhet återfinns inom den nordiska marknaden, där kunderna återfinns inom olje- och gassektorn. Bolaget har sitt huvudkontor i Oslo.
2022-10-11 08:00:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA,
JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES
NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to previous stock exchange announcements from Seaway 7 ASA
(the "Company" or "Seaway7") regarding a fully underwritten rights issue of
436,562,575 new shares in the Company (the "Offer Shares"), raising gross
proceeds of NOK 2,108,597,237.25 (the "Rights Issue").

The subscription period in the Rights Issue starts today 11 October 2022, at
09:00 CEST. Certain information about the Rights Issue is set out below. The
complete terms and conditions of the Rights Issue are set out in the Prospectus
(as defined below).

Fearnley Securities AS is acting as manager for the Rights Issue (the
"Manager").

Allocation and grant of Subscription Rights
The holders of the Company's shares as of 6 October 2022 (the "Existing
Shareholders" and the "Existing Shares", respectively), as registered with the
Norwegian Central Securities Depository (the "VPS") as of 10 October 2022 (the
"Record Date"), have been granted transferable subscription rights (the
"Subscription Rights") in the Rights Issue that, subject to applicable law,
provide preferential rights to subscribe for, and be allocated, Offer Shares at
the subscription price of NOK 4.83 per Offer Share (the "Subscription Price").

Each Existing Shareholder has been granted one (1) Subscription Right for each
Existing Share registered as held by the Existing Shareholder in VPS at the
Record Date. The Subscription Rights have been distributed free of charge to
the Existing Shareholders.

Each Subscription Right will, subject to applicable law, give the right to
subscribe for, and be allocated, one (1) Offer Share. Over-subscription by
holders of Subscription Rights will be permitted, however, there can be no
assurance that Offer Shares will be allocated for such subscriptions. Other
than subscriptions from the Underwriters (defined below), subscription in the
Rights Issue without Subscription Rights is not permitted.

The grant or purchase of Subscription Rights and the subscription of Offer
Shares by persons resident in, or who are citizens of countries other than
Norway, may be affected by laws of the relevant jurisdiction. For a further
description of such restrictions, reference is made to Section 15.8
"Subscription Rights" and Section 16 "Selling and Transfer Restrictions" in the
prospectus prepared by the Company and dated 7 October 2022 (the "Prospectus").
The Prospectus is, subject to applicable local securities laws, available at the
websites of the Company (www.seaway7.com/investors) and the Manager
(www.fearnleysecurities.com).

Subscription period
The subscription period commences on 11 October 2022 at 09:00 CEST and expires
on 25 October 2022 at 16:30 CEST (the "Subscription Period"). The Subscription
Period may not be shortened, but the Board of Directors of the Company may
extend the Subscription Period if this is required by law as a result of the
publication of a supplemental prospectus.

Subscription Right
The Subscription Rights will be listed and tradeable on Euronext Growth Oslo
from 11 October 2022 at 09:00 CEST to 19 October 2022 at 16:30 CEST, under the
ticker "SEAWT". The Subscription Rights will hence only be tradeable during
part of the Subscription Period.

Persons intending to trade in Subscription Rights should be aware that trading
in, and exercise of, Subscription Rights by holders who are located in
jurisdictions outside of Norway may be restricted or prohibited by applicable
securities laws. See Section 16 "Selling and Transfer Restrictions" in the
Prospectus for further information. Subscription Rights that are not used to
subscribe for Offer Shares before the expiry of the Subscription Period on 25
October 2022 at 16:30 CEST or sold before 19 October 2022 at 16:30 will have no
value and will lapse without compensation to the holder.

The Subscription Rights are expected to have economic value if the Company's
shares trade above the Subscription Price during the Subscription Period.
Existing Shareholders who do not use their Subscription Rights will experience a
dilution of their shareholding in the Company, as further detailed in Section
15.19 "Dilution" of the Prospectus.

Subscription Price
The Subscription Price is NOK 4.83 per Offer Share.

Subscription procedure
Subscriptions for Offer Shares may either be made through the VPS online
subscription system or by submitting a correctly completed subscription form to
the Manager within the Subscription Period.

Subscribers who are residents of Norway with a Norwegian personal identification
number are encouraged to subscribe for Offer Shares through the Norwegian VPS'
online subscription system (or by following the link on
www.fearnleysecurities.com which will redirect the subscriber to the VPS online
subscription system). All online subscribers must verify that they are
Norwegian residents by entering their national identity number (Nw.
fødselsnummer). Subscriptions made through the VPS online subscription system
must be duly registered before the expiry of the Subscription Period.

Subscribers that are not able to use the VPS online subscription system must
submit a correctly completed subscription form to the Manager during the
Subscription Period. The subscription form is attached to the Prospectus.
Postal and e-mail address to the Manager is included in Section 15.10
"Subscription procedures" of the Prospectus.

The Underwriting
Pursuant to an underwriting agreement dated 9 September 2022, the Company's
three largest shareholders, Subsea 7 Blue Space Limited, Songa Capital AS and
Lotus Marine AS (the "Underwriters") have, on a firm commitment basis,
undertaken, severally and not jointly, and otherwise on the terms and conditions
set out in the underwriting agreement, to fully underwrite the Rights Issue on a
pro rata basis based on their current shareholding in the Company, i.e. with an
aggregate amount of NOK 2,108,597,237.25 (the "Underwriting Obligation").

Pursuant to the underwriting agreement, the Underwriters shall receive an
underwriting commission equal to 1.5% of their respective underwriting
obligation.

The Underwriting Obligation will expire in the event that the Underwriters are
not notified of any allocation under the Underwriting Obligation within 31
December 2022.

See Section 15.20 "The Underwriting" in the Prospectus for further information
about the Underwriters.

Financial Intermediaries
If an Existing Shareholder holds shares in the Company registered through a
financial intermediary on the Record Date, the financial intermediary will
customarily give the Existing Shareholder details of the aggregate number of
Subscription Rights to which it will be entitled. The relevant financial
intermediary will customarily supply each Existing Shareholder with this
information in accordance with its usual customer relations procedures.
Existing Shareholders holding their Existing Shares through a financial
intermediary should contact the financial intermediary if they have received no
information with respect to the Rights Issue.

Allocation of Offer Shares - Listing and commencement of trading in the Offer
Shares
Following expiry of the Subscription Period, the Offer Shares will be allocated
to subscribers in accordance with the allocation principle described in Section
15.13 "Allocation of the Offer Shares" in the Prospectus. Payment for allocated
Offer Shares falls due 28 October 2022.

Subject to timely payment of the entire subscription amount in the Rights Issue,
the Company expects that the share capital increase pertaining to the Rights
Issue will be registered with the Norwegian Register of Business Enterprises on
or about 3 November 2022 and that allocated Offer Shares will be delivered to
the VPS accounts of the subscribers, and be tradable on Euronext Growth Oslo, on
or about the same day.

For further information, please contact:
Mark Hodgkinson
ir@seaway7.com

About Seaway7
Seaway7 is a global leader in the delivery of fixed offshore wind projects,
committed to contributing to an efficient and sustainable energy supply for the
future.

Seaway7 is listed on Euronext Growth Oslo (SEAW7).

IMPORTANT NOTICE
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company. The
information contained in this announcement is for informational purposes only
and does not purport to be full or complete. Copies of this announcement are not
being made and may not be distributed or sent into any jurisdiction in which
such distribution would be unlawful or would require registration or other
measures. Any offering of the securities referred to in this announcement will
be made by means of a prospectus approved by the Financial Supervisory Authority
of Norway and published by the Company. Investors should not subscribe for any
securities referred to in this announcement except on the basis of information
contained in the aforementioned prospectus.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.

This announcement has been prepared on the basis that any offer of securities in
any Member State of the European Economic Area, other than Norway, which has
implemented the Prospectus Regulation (EU)(2017/1129, as amended, the
"Prospectus Regulation") (each, a "Relevant Member State") will be made pursuant
to an exemption under the Prospectus Regulation, as implemented in that Relevant
Member State, from the requirement to publish a prospectus for offers of
securities. Accordingly any person making or intending to make any offer in that
Relevant Member State of securities which are the subject of the offering
contemplated in this announcement, may only do so in circumstances in which no
obligation arises for the Company or the Manager to publish a prospectus
pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus
pursuant to Article 16 of the Prospectus Regulation, in each case, in relation
to such offer. Neither the Company nor the Manager have authorised, nor do they
authorise, the making of any offer of the securities through any financial
intermediary, other than offers made by the Manager which constitute the final
placement of the securities contemplated in this announcement. Neither the
Company nor the Manager have authorised, nor do they authorise, the making of
any offer of securities in circumstances in which an obligation arises for the
Company or any Manager to publish or supplement a prospectus for such offer.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Matters discussed in this announcement may constitute forward-looking
statements. These statements relate to our current expectations, beliefs,
intentions, assumptions or strategies regarding the future and are subject to
known and unknown risks that could cause actual results, performance or events
to differ materially from those expressed or implied in these statements.
Forward-looking statements may be identified by the use of words such as
'anticipate', 'believe', 'estimate', 'expect', 'future', 'goal', 'intend',
'likely' 'may', 'plan', 'project', 'seek', 'should', 'strategy' 'will', and
similar expressions. The principal risks which could affect future operations of
the Group are described in the 'Risk' section of the Group's Annual Report.
Factors that may cause actual and future results and trends to differ materially
from our forward-looking statements include (but are not limited to): (i) our
ability to deliver fixed price projects in accordance with client expectations
and within the parameters of our bids, and to avoid cost overruns