Lerøy Seafood Group ASA launches mandatory offer to acquire all outstanding shares in Havfisk ASA, and a voluntary offer to acquire all outstanding shares in Norway Seafoods Group AS.

 

Lerøy Seafood Group ASA ("Lerøy") launches mandatory offer to acquire all outstanding shares in Havfisk ASA, and a voluntary offer to acquire all outstanding shares in Norway Seafoods Group AS.

Reference is made to the stock exchange notice by Lerøy on 31 August 2016 and the stock exchange notice published by Oslo Stock Exchange today regarding approval of the mandatory offer document.

Lerøy has today launched a mandatory offer to acquire all outstanding shares in Havfisk ASA. The offer price is NOK 36.50 per share, which is the same price per share as paid in the transactions described in the stock exchange notice 31 August 2016, and equal to the highest price paid or agreed to be paid by Lerøy or consolidated parties in the period 6 months prior to the triggering of the mandatory offer obligation. The acceptance period is from 19 September 2016 to 17 October 2016 at 18:00 CET, subject to extension.

The specific terms are set out in an offer document prepared in connection with the offer, which has been approved by the Oslo Stock Exchange. The offer document will be sent to shareholders in Havfisk ASA in accordance with applicable regulations, and may be obtained by contacting DNB Markets, a part of DNB Bank ASA, Dronning Eufemias gate 30, N-0021 Oslo, Norway, telephone +47 23 26 81 01 or Pareto Securities AS, Dronning Mauds gate 3, N-0115 Oslo, Norway, telephone +47 22 87 87 00. The offer document will also be made available on www.dnb.no/emisjoner and www.paretosec.no from and including 19 September 2016.

Voluntary offer on all shares in Norway Seafoods Group AS:

Lerøy has today launched a voluntary offer to acquire all shares in Norway Seafoods Group AS. The offer price is NOK 1.00 per share, which is the same price per share as paid in the transaction described in the stock exchange notice 31 August 2016. The offer period is from 19 September 2016 to 17 October 2016 at 18:00 CET, subject to extension. A voluntary offer letter will be sent to shareholders in Norway Seafoods Group AS.

Lerøy has engaged DNB Markets and Pareto Securities as Financial Advisors and Receiving Agents in connection with the mandatory offer on Havfisk ASA and voluntary offer on Norway Seafoods Group AS.

Date: 16 September 2016

For further information, please contact:
Sjur Malm, CFO, + 47 417 72 020

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Lerøy Seafood Group ASA via GlobeNewswire

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