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Oslo, 16 April 2021: Reference is made to the stock exchange notice by BW Ideol
AS (the "Company") on 18 March 2021 where the Company announced the beginning of
the stabilization period following a private placement of new shares in the
Company (the "Private Placement") and admission to trading of the Company's
shares on Euronext Growth.
Carnegie AS (the "Stabilization Manager") has informed the Company that the
stabilization period has ended. Stabilization activities have been undertaken
between 18 March 2021 and 16 April 2021 (the "Stabilization Period") and
comprise a total of 1,178,418 shares in the Company, purchased at an average
price of NOK 46.5490 as further set out in the attached stabilization
notification.
In order to permit delivery of 1,595,745 shares in the Company which were
borrowed from BW Offshore Holding Pte. Ltd., the Stabilization Manager has in
part exercised the greenshoe option and will subscribe for 417,327 new shares in
the Company at the offer price of NOK 47.00 per Offer Share. The new shares will
together with the shares purchased through stabilization activities be
redelivered to BW Offshore Holding Pte. Ltd., in accordance with the terms of
the share lending agreement between the parties. Following issuance of the new
shares, the number of shares outstanding in the Company will be 31,510,525, each
with a par value of NOK 0.1.
For further information, please contact:
Carnegie AS
Stefan Schander Slemdal
Tel: +47 22 00 94 26
This information is subject of the disclosure requirements pursuant to
Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 section 6 (3).
Important Notice
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities. The distribution of this
announcement and other information may be restricted by law in certain
jurisdictions. Copies of this announcement are not being made and may not be
distributed or sent into any jurisdiction in which such distribution would be
unlawful or would require registration or other measures. Persons into whose
possession this announcement or such other information should come are required
to inform themselves about and to observe any such restrictions.
Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its control.
The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice. The Company undertakes no obligation to review, update, confirm, or to
release publicly any revisions to any forward-looking statements to reflect
events that occur or circumstances that arise in relation to the content of this
announcement.
This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Company, the Managers nor any of their respective affiliates accepts any
liability arising from the use of this announcement.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and subject to the disclosure requirements pursuant to
Section 5-12 the Norwegian Securities Trading Act. This stock exchange release
was published by Marie Bayard-Lenoir, Communication Officer at BW Ideol, on
April 16, 2021 at 18:40 CET.