Lerøy Seafood Group ASA : Preliminary results of mandatory offer in Havfisk ASA and voluntary offer in Norway Seafoods Grou...
October 18 2016 - 2:25AM
Reference is made to the stock exchange
announcement published by Lerøy Seafood Group ASA ("Lerøy") on 16
September 2016 regarding the Mandatory Offer made by Lerøy to
acquire all outstanding Shares in Havfisk ASA ("HAVFISK") not
already owned by Lerøy for an offer price of NOK 36.50 per Share,
and the voluntary offer to acquire all outstanding shares in Norway
Seafoods Group AS ("NWSF") for an offer price of NOK 1.00 per
share. Terms used in this announcement shall have the same meaning
as ascribed to them in the Offer Document dated 16 September
2016.
The Offer Period expired at 18:00 CET on 17
October 2016.
In total, Lerøy has registered acceptances for
23,350,627 Shares in HAVFISK, which constitutes 27.59 per cent of
the Shares and voting rights in HAVFISK. Including the 57,692,157
Shares already held by Lerøy, this will aggregate to 81,042,784
Shares in HAVFISK, representing 95.74 per cent of the Shares and
the votes in HAVFISK. The calculation of the number of HAVFISK
Shares for which acceptances have been received in the Offer is
preliminary as the registration of acceptances with the VPS for
practical reasons has not yet been completed, and remains subject
to potential adjustments. The final result of the Offer will be
announced once confirmed by the Financial Advisors. Settlement of
the Offer will be made as soon as reasonably possible, and no later
than 31 October 2016.
Upon settlement of the Offer, Lerøy will hold more
than 90 per cent of all HAVFISK Shares, and will therefore have the
right (and each remaining Shareholder in HAVFISK will have the
right to require Lerøy) to initiate a Compulsory Acquisition of the
remaining HAVFISK Shares pursuant to section 4-25 of the Norwegian
Public Limited Companies Act. As indicated in section 1.20 of the
Offer Document, Lerøy reconfirms with this announcement that it
still intends to proceed with a Compulsory Acquisition of the
remaining HAVFISK Shares at a price equal to the Offer Price of NOK
36.50 per Share.
Lerøy is represented on the Board of Directors of
HAVFISK. Lerøy does not own any other rights to acquire shares in
HAVFISK.
In addition, Lerøy has registered acceptances for
5,942,415 shares in NWSF, which constitutes 7.01 per cent of the
total shares in NWSF. Including the 62,293,254 shares already held
by Lerøy, this will aggregate to 68,235,669 shares in NWSF,
representing 80.50 per cent of the total shares in NWSF.
This information is subject to the disclosure
requirements pursuant to sections 4-2, 4-3 and 6-18 of the
Norwegian Securities Trading Act.
Lerøy Seafood Group ASA
18 October 2016
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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