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
26 May 2021
ABG Sundal Collier Holding ASA ("ABGSC" or the "Company") has decided to initiate a share buyback of ABG shares for up to NOK 30,000,000. The buyback will be conducted as a reverse bookbuilding process in which shareholders can submit sales offers.
The bookbuilding period commences immediately and is expected to close at 08:00 (CET) on 27 May 2021, but the Company reserves the right to close the bookbuilding earlier. The Company reserves the right to accept sales offers received after the end of the bookbuilding period, as well as to extend the bookbuilding period at any time in its sole discretion. Sales offers are irrevocable and cannot be withdrawn. However, if the bookbuilding period is extended, sales offers can be withdrawn up until the expiry of the extended bookbuilding period. The Company also reserves the right, at is sole discretion, to not buy shares at all.
For more information or to submit sales offers, please contact ABG Sundal Collier ASA at phone: +47 22 01 60 11 or +47 41 35 87 11.
In the event that the total number of received sales offers exceeds NOK 30,000,000 at the price accepted, the Company will perform a pro-rata reduction of sales offers.
The buyback will be based on the authorisation provided by the Company's Annual General Meeting on 20 April 2021.
ABGSC currently owns 16,025,304 treasury shares. ABGSC has forward contracts with partners purchasing a total of 104,027,600 shares with settlement in 2021 – 2026. The shares purchased in the buyback will be used in whole or in part for settlement of ABGSC’s forward contracts with partners.
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This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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The buyback and the distribution of this announcement and other information in connection therewith may be restricted by law in certain jurisdictions.
ABGSC does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
The buyback is not being made directly or indirectly in, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of, or any facilities of a national securities exchange of, the United States of America, its territories and possessions, any State of the United States and the District of Columbia (the "United States") or any other jurisdiction in which this would be unlawful. This includes, but is not limited to, facsimile transmission, internet delivery, e-mail, telex and telephones. Accordingly, copies of this release and any related documents are not being, and must not be, mailed, e-mailed or otherwise distributed or sent in or into the United States and so doing may invalidate any purported sales offer.