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MarketScreener Homepage  >  Equities  >  Oslo Bors  >  Norwegian Air Shuttle ASA    NAS   NO0010196140

NORWEGIAN AIR SHUTTLE ASA

(NAS)
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Norwegian Air Shuttle ASA : (NAS) - Conversion of Perpetual Bonds - New share capital registered

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09/04/2020 | 05:32am EDT
Reference is made to Norwegian Air Shuttle ASA (the "Company") perpetual 0% EUR
convertible bond loan with ISIN NO 0010883416 in the aggregate amount of EUR
4,752,283 ("EUR Perpetual Bonds"). The Company has received conversion notices
from bondholders representing EUR 2,256,335 in this bond issue, which pursuant
to standard terms set out in the bond terms are convertible into 6,046,802 new
freely tradable shares in the Company. The EUR Perpetual Bonds form part of the
Company's subordinated bond issue ("Perpetual Bonds") as further described in
the prospectus dated 5 May 2020 (the "Prospectus"). As set out in the
Prospectus, the Perpetual Bonds have been issued on multiple ISINs reflecting
different currencies of issue and lock-up periods. After the conversion, the
remaining principal outstanding under the Perpetual Bonds amounts to NOK
1,922,421,425.69 (including amounts issued in other currencies converted to NOK
at the fixed exchange rate as further described in the Prospectus). 

The Company's share capital is increased by NOK 604,680.20 by issue of 6,046,802
new shares. The increase pertaining to the conversion of the Perpetual Bonds has
today been registered in the Norwegian Register of Business Enterprises (Nw.:
Foretaksregisteret). The Company's new share capital is NOK 363,970,914.80
divided into 3,639,709,148.00 shares, each with a nominal value of NOK 0.10. 

The new shares will be listed on the Oslo Stock Exchange and admitted to trading
when recorded in the VPS which is expected to take place on or about 7 September
2020. 

For further information, please contact: 
Tore Østby, EVP Strategic Development, phone: +47 995 464 00



Important information 

The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia) or in any other jurisdiction where such publication or
distribution is unlawful. This release is an announcement issued pursuant to
legal information obligations, and is subject of the disclosure requirements
pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued
for information purposes only, and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States or
in any other jurisdiction. The securities mentioned herein have not been, and
will not be, registered under the United States Securities Act of 1933, as
amended (the "US Securities Act"). The securities may not be offered or sold in
the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. 

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange


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Financials
Sales 2020 9 739 M 1 022 M 1 022 M
Net income 2020 -8 456 M -887 M -887 M
Net Debt 2020 51 517 M 5 405 M 5 405 M
P/E ratio 2020 -0,23x
Yield 2020 -
Capitalization 2 318 M 243 M 243 M
EV / Sales 2020 5,53x
EV / Sales 2021 2,23x
Nbr of Employees 9 389
Free-Float 60,3%
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Number of Analysts 9
Average target price 2,64 NOK
Last Close Price 0,63 NOK
Spread / Highest target 1 813%
Spread / Average Target 321%
Spread / Lowest Target -100%
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NameTitle
Jacob Schram Chief Executive Officer
Niels Smedegaard Chairman
Johan Gauermann Executive Vice President-Operations
Geir Magne Karlsen Chief Financial Officer & Deputy CEO
Kurt Simonsen Chief Information Officer
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