Lerøy Seafood Group ASA : Acquisition of shares in Havfisk ASA and Norway Seafoods Group AS - transaction completed
August 31 2016 - 8:00AM
Reference is made to stock exchange announcements
of 2 June 2016 and 26 August 2016 regarding an agreement between
Lerøy Seafood Group ASA ("Lerøy"), Aker Capital AS and Aker Capital
II AS on the acquisition by Lerøy of 53,501,793 shares in Havfisk
ASA ("Havfisk"), and 62,293,254 shares in Norway Seafoods Group AS
("Norway Seafoods"), as well as an agreement to acquire 1,026,632
shares in Havfisk from Fausken Invest AS and Lerøys acquisition of
an additional 2,207,410 shares in Havfisk in the market.
The abovementioned transactions have been
completed today. Lerøy's aggregate shareholding in Havfisk
thus comprises 56,735,835 shares, which is equal to 67 % of
the shares and voting rights in Havfisk.
Lerøy's aggregate shareholding in Norway Seafoods
account to 62,293,254 shares, which is equal to 73.6 % of the
shares and voting rights in Norway Seafoods.
Completion of the acquisitions has triggered the
duty of Lerøy to submit a mandatory offer for the remaining shares
in Havfisk in accordance with the Norwegian Securities Trading Act
Chapter 6 at a price of NOK 36.50 per share. Lerøy will submit such
a mandatory offer, and an offer document will be submitted to Oslo
Børs for approval as soon as possible and within the time limits
set out in the Norwegian Securities Trading Act. Following approval
of the offer document and related documentation, the mandatory
offer will be launched.
Lerøy will also launch a voluntary offer on the
remaining outstanding shares in Norway Seafoods at a price of NOK
1.00 per share.
DNB Markets, a part of DNB Bank ASA, and Pareto Securities AS are
engaged as financial advisors to Lerøy in connection with the
mandatory offer in Havfisk and the voluntary offer in Norway
Seafoods. Wikborg, Rein & Co Advokatfirma DA is engaged as
legal advisor.
For further information, please contact:
Helge Singelstad, Chairman of the Board, +47 916 61 001
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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
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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