NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN OR INTO
Reference is made to the announcement by
The subscription period in the Subsequent Offering will commence today,
The Subsequent Offering comprises an offer by the Company to raise an amount of up to
Tranche A of the Subsequent Offering is, subject to applicable securities laws, directed towards shareholders in the Company as of the end of
Eligible Shareholders in Tranche A of the Subsequent Offering will receive non-transferable subscription rights (the "Subscription Rights") based on their registered shareholding as of the Record Date, giving preferential rights to subscribe for and be allocated shares in Tranche A of the Subsequent Offering. Each Eligible Shareholder will be granted 7.031 Subscription Rights for each share in the Company registered as held by such Eligible Shareholder as of the end of the Record Date, rounded down to the nearest whole Subscription Right. Each Subscription Right will give the right to subscribe for one (1) Offer Share. Oversubscription in the Subsequent Offering by Eligible Shareholders will be allowed. Subscription without Subscription Rights is allowed for investors that did not participate in the Private Placement, however, with last priority allocation in accordance with the allocation principles set out in the Prospectus. No guarantees are made for allocation of
The Subscription Rights are expected to have an economic value if the Company's shares trade above the Subscription Price during the Subscription Period. Subscription rights that are not used to subscribe for
The payment date for Subsequent Offering is on or about
Pending publication of the Prospectus, the 6,910,947,867 Tranche 2 Private Placement Shares have been placed on an ISIN separate from the Company's other shares and been admitted to trading on
The Prospectus will be available today at https://www.sb1markets.no/ and https://www.kongsbergautomotive.com/investor-relations/.
Hard copies of the Prospectus, including the subscription form, will be available at the Company's offices in Dyrmyrgata 48, 3611 Kongsberg or by contacting
For information about the Subsequent Offering, please contact the manager:
IMPORTANT INFORMATION
This announcement is for information purposes only and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Neither this announcement nor any copy of it may be taken or transmitted directly or indirectly into
The securities referred to in this announcement have not been and will not be registered under the
Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is an advertisement and does not constitute a prospectus for the purposes of the Prospectus Regulation (EU) 2017/1129 (as amended, together with any applicable implementing measures in any EEA member state, the "Prospectus Regulation"). In any EEA member state that has implemented the Prospectus Regulation, this communication is only addressed to and is only directed at qualified investors in that member state within the meaning of the Prospectus Regulation.
In the
The Manager is acting exclusively for the Company and no one else in connection with the transactions described herein and assume no responsibility for this announcement. Neither the Manager nor any of its respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for/or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of announcement or its contents or otherwise arising in connection therewith.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its respective affiliates accepts any liability arising from the use of this announcement.
Each of the Company, the Manager and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.
The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
This information is subject of the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act and is published in accordance with the requirements of the
General Counsel
Mobile phone: +47 901 14 582
https://news.cision.com/kongsberg-automotive-asa/r/kongsberg-automotive-asa---publication-of-prospectus-and-start-of-subscription-period-in-subsequent-,c3149021
https://mb.cision.com/Main/1438/3149021/1275048.pdf
(c) 2020 Cision. All rights reserved., source