NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR
THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE
RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Awilco LNG ASA: Subsequent Offering
Reference is made to the stock exchange notice of 18 May
2017 by Awilco LNG (the "Company") regarding the decision to
carry out a subsequent offering (the "Subsequent Offering")
of up to 5,715,000 new shares in the Company (the "Offer
Shares") for gross proceeds of up to NOK 20 million.
The Subsequent Offering will, on the basis of a prospectus
approved by the Norwegian Financial Supervisory Authority,
expected by the end of June 2017, be directed towards
shareholders who (i) are shareholders in the Company as of
18 May 2017, as registered as shareholders in the Company's
register of shareholders with the Norwegian Central
Securities Depositary (Nw. Verdipapirsentralen) (the "VPS")
as of expiry of 22 May 2017, (ii) were not offered to
participate in the Private Placement, and (iii) are not
resident in a jurisdiction where such offering would be
unlawful or, for jurisdictions other than Norway, would
require any prospectus, filing, registration or similar
action (the "Eligible Shareholders"). The Eligible
Shareholders will be granted non-tradable subscription
rights.
The subscription price in the Subsequent Offering is NOK
3.50 per Offer Share, being the same as the subscription
price in the Private Placement. The subscription period in
the Subsequent Offering will commence shortly after
publication of the Prospectus (publication of the Prospectus
expected during end of June 2017).
The following key information is given with respect to the
Subsequent Offering:
Date of announcement of the Subsequent Offering: 19 May 2017
Last day including right: 18 May 2017
Ex-date: 19 May 2017
Record date: 22 May 2017
Date of approval: The Subsequent Offering was approved by
the Company's board of
directors on 18 May 2017.
Maximum number of Offer Shares: 5,715,000
Subscription price per Offer Share: NOK 3.50
For further information, please contact:
Snorre Schie Krogstad, CFO
+47 90 85 83 93
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The release is not for publication or distribution, in whole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 any other jurisdiction in
which the release, publication or distribution would be
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. The
Company does not intend to register any portion of the
offering of the securities in the United States or to
conduct a public offering of the securities in the United
States. Copies of this announcement are not being made and
may not be distributed or sent into Australia, Canada, Japan
or the United States. The issue, exercise, purchase or sale
of subscription rights and the subscription or purchase of
shares in the Company are subject to specific legal or
regulatory restrictions in certain jurisdictions. Neither
the Company nor the Manager assumes any responsibility in
the event there is a violation by any person of such
restrictions.
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. The Manager are
acting for the Company and no one else in connection with
the Private Placement and will not be responsible to anyone
other than the Company for providing the protections
afforded to their respective clients or for providing advice
in relation to the Private Placement and/or any other matter
referred to in this release.
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.