Contemplated offer to acquire shares in Norwegian Air Shuttle ASA
HBK Holding AS, majority owned by Bjørn Kjos and with Bjørn
H. Kise as co-owner and chairman, has engaged Arctic
Securities AS and Danske Bank (the "Managers") to explore
the opportunity to acquire up to approximately one million
shares (~2.8 per cent of the share capital) in Norwegian Air
Shuttle ASA, but with the possibility for HBK Holding AS at
its full discretion to decrease the number of shares to be
acquired (the "Offer").
The Offer is carried out through a book building process.
The Managers will gather and accumulate sales orders from
existing shareholders. All existing shareholders are invited
to offer shares at a price level defined by the selling
shareholder. For all selling shareholders the purchase price
will be set at a level representing a satisfactory price and
offering volume. The purchase price will be identical for
all selling shareholders.
The book building process commences immediately, and will
close no later than at 08:00 CET, 14 September 2017. The
book building period can be closed earlier or extended at
the Managers' own discretion. If an acquisition is to be
completed, pricing and allocation will follow shortly
thereafter. Allocation will then be made 14 September 2017,
and settlement will then take place on 19 September 2017.
HBK Holding AS reserves the right to terminate the Offer or
make any amendments with regard to the volume or other terms
of the Offer.
For shareholders wishing to participate in the Offer, please
Arctic Securities AS - Tel: +47 21 01 31 85
Danske Bank - Tel: +47 22 86 13 85