Reference is made to the stock exchange release from Awilco
LNG ASA ("ALNG" or the "Company") published on 21 June 2017
regarding the approval of the prospectus in connection with
the subsequent offering (the "Subsequent Offering") and the
commencement of the subscription period for the Subsequent
Offering of up to 5,715,000 new shares (the "Offer Shares")
in the Company.
The subscription period in the Subsequent Offering expired
at 16:30 hours (CET) 3 July 2017. The preliminary results
show that a total of approximately 3.36 million shares were
subscribed for.
The Board of Directors will resolve the allocation of the
Offer Shares according to the principles set out in the
prospectus dated 21 June 2017. The Company expects that the
Offer Shares will be issued on or about 13 July 2017.
ABG Sundal Collier acts as Manager for the Subsequent
Offering.
For further information, please contact:
Jon Skule Storheill, CEO, cell phone +47 913 44 356
Snorre Krogstad, CFO, cell phone +47 908 58 393
www.awilcolng.no
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The release is not for publication or distribution, in whole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.