Date for when the terms of the issue was announced: 21 April 2016
Last day inclusive: 20 April 2016
Ex-date: 21 April 2016
Record Date: 22 April 2016
Resolution date: 20 April 2016
Maximum number of new shares: 31 512 247
Subscription price: NOK 2.24
Other information (optional): The board has determined further details for the previously announced repair issue to repair for the dilutive effect of the private placement completed on 31 March 2016 to funds under management by GSO Capital Partners LP and Cyrus Capital Partners, L.P. For further details on the private placement, please refer to the stock exchange notice published on 31 March 2016 at 08:51 CET. The repair issue will be directed to the company's shareholders, with the exception of funds under management by GSO Capital Partners LP and Cyrus Capital Partners, L.P, and shareholders who are resident in jurisdictions in which the repair issue cannot legally be offered. Shareholders who have the right to subscribe for shares in the repair issue will have the right to be allocated 0.1925 shares for each share that the shareholder is registered with on the abovementioned Record Date. The subscription rights will not be transferrable. Over-subscription will be permitted, and shares that are not subscribed based on subscription rights will be allocated to shareholders who over-subscribe. Further information will be included in the prospectus which will be prepared in connection with the repair issue.
This information is published pursuant to the requirements in the Continuous Obligations of Oslo Børs.
Communications and Public Affairs
|For further information:|
Norske Skog media:
Vice President Corporate Communication
Mob: +47 917 63 117
Norske Skog financial markets:
Vice President Investor Relations
Mob: +47 948 55 659
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the Unites States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the Securities Act of 1933 (the "Securities Act"). The securities may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer and that will contain detailed information about the company and management, as well as financial statements. This press release is being issued pursuant to and in accordance with Rule 135e under the Securities Act.
In member states of the European Economic Area, this press release (and any offer of the securities referred to herein if made subsequently) is only addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive.
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