June 3rd 2012
With references to our press releases March 12th
2009, April 27th 2009, April 30th 2009, October 15th
2009, Mai 31st 2010 and June 3rd 2011 ABGSC will
issue 5,152,000 new shares at a price of NOK 1.74 per
share, 100,000 new shares at a price of NOK 4.64 per
share, 230,000 new shares at a price of NOK 4.76 per
share, 106,000 new shares at a price of NOK 5.30 per
share, 15,000 shares at a price of 8.52, 364,500 new
shares at a price of NOK 8.63 per share, 84,200 new
shares at a price of NOK 8.96 per share, 45,000 new
shares at a price of NOK 9.92 per share and 10,000
new shares at a price of NOK 10.06 per share. The
previously agreed prices of NOK 3.84 per share, NOK
6.74 per share, NOK 6.86 per share, NOK 5.80 per
share, NOK 10.62 per share, NOK 10.73 per share, NOK
12.02 per share and NOK 12.06 per share have been
adjusted for dividends/payments to shareholders and
earlier settlement of the forward contract.
Total proceed for the 6,106,700 shares issued is NOK
15,659,947, of which NOK 1,404,541 is added to the
share capital and NOK 14,255,406 is added to the
share premium fund.
ABGSC has agreed with 24 partners to extend their
forward contracts with three years, such that
7,441,000 shares will have settlement date June 1st
2015 instead of June 1st 2012. 2,000,000 shares at a
price of NOK 1.74 per share will have a new forward
price of NOK 1.95 per share, 250,000 shares at a
price of NOK 4.64 per share will have a new forward
price of NOK 5.21 per share, 223,000 shares at NOK
5.30 per share will have a new forward price of NOK
5.95 per share, 1,485,500 shares at price of NOK 5.53
per share will have a new forward price of NOK 6.21
per share, 2,660,700 shares at a price of NOK 8.63
per share will have a new forward price of NOK 9.69
per share, 206,800 shares at a price of NOK 8.96 per
share will have a new price of NOK 10.06 per share,
415,000 shares at a price of NOK 9.92 will have a new
price of NOK 11.14 per share and 200,000 shares at a
price of NOK 10.03 per share will have a new price of
NOK 11.26 per share.
As a part of the transaction Roar Hatling will
purchase 10,000 shares at NOK 9.92 per share. The
previously agreed price of NOK 12.02 has been
adjusted for dividends/payments to shareholders and
earlier settlement of the forward contract. Roar
Hatling has also extended a forward contract of
150,000 shares from settlement June 1st 2012 to June
1st 2015. New adjusted forward price is NOK 11.14 per
share. Following the transaction Roar Hatling owns
243,600 shares and 150,000 shares on forward
contracts.
As a part of the transaction Mikael Hansson will
purchase 25,000 shares at NOK 1.74 per share. The
previously agreed price of NOK 3.84 has been adjusted
for dividends/payments to shareholders and earlier
settlement of the forward contract. Following the
transaction Mikael Hansson owns 25,000 shares and
15,000 shares on forward contracts.
As a part of the transaction Knut Pedersen has
extended a forward contract of 750,000 shares from
settlement June 1st 2012 to June 1st 2015. New
adjusted forward price is NOK 1.95 per share. Knut
Pedersen owns 1,204,000 shares and forward contracts
of 1,400,000 shares. Following the transaction his
total holding incl. forward contracts is unchanged.
As a part of the transaction Rune Ruud has extended a
forward contract of 134,700 shares from settlement
June 1st to 2012 June 1st 2015. New adjusted forward
price is NOK 9.69 per share. Rune Ruud owns 115,300
shares and forward contracts of 134,700 shares.
Following the transaction his total holding incl.
forward contracts is unchanged.
As a part of the transaction Karl Berglund has
extended a forward contract of 25,000 shares from
settlement June 1st 2012 to June 1st 2015. New
adjusted forward price is NOK 9.69 per share. Karl
Berglund owns 87,000 shares and forward contracts of
663,000 shares. Following the transaction his total
holding incl. forward contracts is unchanged.
ABGSC has recalculated the forward price of forward
agreements entered into by 71 partners in 2011
adjusting for payments to shareholders and changes in
interest rates.50,000 shares with settlement June 1st
2013 with an initial price of NOK 7.50 per share
will have an adjusted price of NOK 6.16 per share,
4,984,971 shares with settlement June 1st 2014 with
an initial price of NOK 7.75 will have an adjusted
price of NOK 6.40 per share, 100,0000 shares with
settlement June 1st 2014 with an initial price of NOK
6.33 per share will have an adjusted price of NOK
4.98 per share, 500,000 shares with settlement June
1st 2014 with an initial price of NOK 5.89 will have
an adjusted price of NOK 4.53 per share, 500,000
shares with settlement June 1st 2014 with an initial
price of NOK 6.00 per share will have an adjusted
price of NOK 4.64 per share, 163,000 share with
settlement June 1st 2013 with an initial price of NOK
4.68 per share will have an adjusted price of NOK
3.32 per share, 200,000 shares with settlement June
1st 2013 with initial price of NOK 5.79 per share
will have an adjusted price of NOK 4.44 per share,
1,604,000 shares with settlement June 1st 2013 with
an initial price of NOK 5.92 per share will have and
adjusted price of NOK 4.65 per share, 92,500 shares
with settlement June 1st 2014 with an initial price
of NOK 6.10 per share will have an adjusted price of
NOK 4.74 per share, 390,000 shares with settlement
June 1st 2014 with an initial price of NOK 6.22 per
share will have an adjusted price of NOK 4.87 per
share, 250,000 shares with settlement June 1st. 2014
with an initial price of NOK 5.81 per share will have
an adjusted price of NOK 4.46 per share, 100,000
shares with settlement June 1st 2014 with an initial
price of NOK 5.74 per share will have an adjusted
price of NOK 4.39 per share, 500,000 shares with
settlement June 1st 2014 with an initial price of NOK
5.69 per share will have an adjusted price of NOK
4.33 per share, 380,000 shares with settlement June
1st 2014 with an initial price of NOK 5.68 per share
will have an adjusted price of NOK 4.32 per share,
400,000 shares with settlement June 1st 2014 with an
initial price of NOK 5.52 per share will have an
adjusted price of NOK 4.16 per share. 1,250,000
shares with settlement June 1st 2014 with an initial
price of NOK 3.31 per share will have an adjusted
price of NOK 1.98 per share, 400,000 shares with
settlement June 1st 2014 with an initial price of NOK
5.89 per share will have an adjusted price of NOK
4.53 per share, 500,000 shares with settlement June
1st 2014 with an initial price of NOK 3.37 per share
will have an adjusted price of NOK 1.99 per share.
As a consequence of the above recalculation the
following insiders have received the following
adjusted forward prices. 50,000 shares owned by Geir
B. Olsen with settlement June 1st 2014 and with an
initial price of NOK 7.75 per share will have an
adjusted price of NOK 6.40 per share, 50,000 shares
owned by Dougles Miller with settlement June 1st 2014
and with an initial price of NOK 7.75 per share will
have an adjusted price of NOK 6.40 per share, 30,000
shares owned by Gard Haugen with settlement June 1st
2014 and with an initial price of NOK 7.75 per share
will have an adjusted price of NOK 6.40 per share,
163,000 shares owned by Karl Berglund with settlement
June 1st 2013 and with an initial price of NOK 4.80
per share will have an adjusted price of NOK 4.44 per
share, and 50,000 shares with settlement June 1st
2013 and with an initial price of NOK 6.06 per share
will have an adjusted price of NOK 4.74 per share.
100,000 shares owned by Knut Brundtland with
settlement June 1st 2014 and with an initial price of
NOK 7.75 per share will have an adjusted price of NOK
6.40 per share. 400,000 shares owned by Knut Pedersen
with settlement June 1st 2014 and with an initial
price of NOK 7.75 per share will have an adjusted
price of NOK 6.40 per share.
Following the transactions above the company will
have a total of 428,871,595 shares outstanding. The
company owns 994.711 treasury shares. The company has
forward contracts with partners for total of
53,357,171 with settlement in 2012 - 2015. ABGSC has
authorization to re-purchase its shares in the market
or to issue new shares.
Contacts:
Geir B. Olsen, CFO +47 22 01 60 00
