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OFFON

NORWEGIAN AIR SHUTTLE ASA

(NAS)
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Norwegian Air Shuttle ASA : (NAS) - Dividend to creditors affected by the financial restructuring

06/11/2021 | 02:00am EDT
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THIS STOCK EXCHANGE ANNOUNCEMENT. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.


Reference is made to the stock exchange announcements of 26 May 2021 regarding
the exit from the Irish examinership (the "Examinership") and Norwegian
reconstruction (the "Reconstruction") processes for the Company and certain of
its related Irish companies and the implementation of the proposed schemes of
arrangement related to the Examinership and a restructuring plan related to the
Reconstruction (as further set out therein and together the "Restructuring
Proposal"). 

Pursuant to the Restructuring Proposal certain creditors of the Company are
entitled to receive a dividend in respect of any valid claim towards Norwegian.
Such dividend will consist of a cash element and a dividend claim element
(together the "Dividend") and be delivered in full and final satisfaction of
such creditors' original claims.

The Company has implemented an online portal related to the Dividends where
relevant creditors may log in to provide bank account details required for any
payments in respect of the respective creditor's Dividend, obtain information
about their Dividend and otherwise make certain elections with respect to their
Dividend (such portal, the "Dividend Portal"). 

All creditors entitled to a Dividend should receive an email with a "Claim
Reference Code" required to log in on the Dividend Portal. If you are a relevant
creditor and have not received an email with this information within 23 June
2021, please click the below link and follow the instructions therein for
requesting a "Claim Reference Code". Note that certain selections will need to
be made in the Dividend Portal by no later than 22 July 2021. After such date
certain selections will no longer be available.

The Dividend Platform can be accessed by clicking the following link:
https://dividends.norwegian.com/


Fornebu, 11 June 2021
Norwegian Air Shuttle ASA



IMPORTANT INFORMATION

This release is an announcement issued pursuant to legal information obligations
and is subject of the disclosure requirements pursuant to the Market Abuse
Regulation (MAR) Article 17 no. 1, and was prepared by Tore Østby, Investor
Relations at Norwegian Air Shuttle ASA, tel. +47 995 46 400.

 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). 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. 
 
The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform themselves
about and observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction. 

Forward-looking statements: This release and any materials distributed in
connection with this release may contain certain forward-looking statements. By
their nature, forward-looking statements involve risk and uncertainty because
they reflect the Company's current expectations and assumptions as to future
events and circumstances that may not prove accurate. A number of material
factors could cause actual results and developments to differ materially from
those expressed or implied by these forward-looking statements. No assurance can
be given that such expectations will prove to have been correct. The Company
disclaims any obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 14 420 M 1 730 M 1 730 M
Net income 2021 -5 116 M -614 M -614 M
Net Debt 2021 59 783 M 7 171 M 7 171 M
P/E ratio 2021 -0,18x
Yield 2021 -
Capitalization 7 728 M 925 M 927 M
EV / Sales 2021 4,68x
EV / Sales 2022 2,48x
Nbr of Employees 6 365
Free-Float 90,4%
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Technical analysis trends NORWEGIAN AIR SHUTTLE ASA
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 4
Average target price 26,00 NOK
Last Close Price 10,95 NOK
Spread / Highest target 137%
Spread / Average Target 137%
Spread / Lowest Target 137%
EPS Revisions
Managers and Directors
NameTitle
Jacob Schram Chief Executive Officer
Geir Magne Karlsen Chief Financial Officer & Deputy CEO
Niels Smedegaard Chairman
Knut Olav Irgens Melhus Høeg Executive Vice President-Information Technology
Johan Gauermann Executive Vice President-Operations
Sector and Competitors