NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA,
AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL. PLEASE SEE THE IMPORTANT NOTICE AT
THE END OF THIS STOCK EXCHANGE NOTICE.
Reference is made to stock exchange notice 01 July
2014, in which Havyard Group ASA ("Havyard" or
the "Company") announced potential stabilisation
activities in respect of the shares in Havyard
Group ASA in the period from 1 July 2014 to and
including 30 July 2014 (the "Stabilisation Period").
Fearnley Securities AS hereby gives notice that
stabilisation was undertaken in relation to the
shares in Havyard and that a total of 235,373 shares
were purchased for a total purchase price of NOK
7,800,308 during the Stabilisation Period. First day
of purchase was 1 July 2014 and last day of purchase
was 30 July 2014. The highest price paid per share in
the Stabilisation Period was NOK 33.50, the lowest
price paid was NOK 32.00 and the average price paid
was NOK 33.1402.
For each of the dates on which stabilisation
transactions were carried out, the price range for
the stabilisation transactions was as follows:
Date Low High
01.07.2014 32.5 33.5
02.07.2014 32.0 33.5
03.07.2014 33.3 33.5
04.07.2014 33.5 33.5
10.07.2014 32.5 33.0
11.07.2014 32.5 33.0
14.07.2014 33.0 33.0
15.07.2014 33.0 33.0
16.07.2014 33.0 33.0
17.07.2014 32.5 33.0
21.07.2014 32.7 33.0
22.07.2014 33.0 33.0
23.07.2014 33.0 33.0
24.07.2014 32.5 32.5
28.07.2014 33.0 33.0
30.07.2014 32.9 32.9
Fearnley Securities AS has redelivered the shares
purchased through stabilisation transactions to
Havyard Group ASA and GJB AS in accordance with the
terms in a share lending agreement between the
parties, and has exercised the option to purchase
from Havyard Group ASA a total number of 184,627
shares in Havyard which was borrowed and over-
allotted in the offering and for which the redelivery
obligation under the share lending agreement has not
been covered by redelivery of shares purchased during
the Stabilisation Period. All of the shares borrowed
from GJB AS were redelivered.
DISCLAIMERS
This announcement is not and does not form a part of
any offer for sale of securities.
Copies of this press release are not being made and
may not be distributed or sent into the United
States, Australia, Canada, Japan or any other
jurisdiction in which such distribution would be
unlawful or would require registration or other
measures.
The securities referenced herein have not and will
not be registered under the U.S. Securities Act of
1933, as amended (the "Securities Act"), and may not
be offered or sold in the United States absent
registration or an exemption from the registration
requirements of the Securities Act. The Company does
not intend to register any part of the offering in
the United States or to conduct a public offering of
securities in the United States.
Any offering of securities has been made by means of
a prospectus that may be obtained from the Company or
the Managers and that contains detailed information
about Havyard and management, as well as financial
statements. This document is a press release and not
a prospectus for the purposes of Directive 2003/71/EC
(together with any applicable implementing measures
in any Member State, the "Prospectus Directive").
Investors should not subscribe for any securities
referred to in this document except for subscriptions
which have been made on the basis of information
contained in the prospectus.
In any EEA Member State other than Norway that has
implemented the prospectus Directive, this
communication is only addressed to and is only
directed at qualified investors in that Member State
within the meaning of the Prospectus Directive, i.e.,
only to investors who can receive the offer without
an approved prospectus in such EEA Member State.
This communication is directed only at (i) persons
who are outside the United Kingdom or (ii) persons
who have professional experience in matters relating
to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") and (iii) high
net worth entities, and other persons to whom it may
lawfully be communicated, falling within Article 49
(2) of the Order (all such persons together being
referred to as "relevant persons"). Any investment
activity to which this communication relates will
only be available to and will only be engaged with,
relevant persons. Any person who is not a relevant
person should not act or rely on this press release
or any of its contents.
This press release contains forward-looking
statements. Forward-looking statements are statements
that are not historical facts and may be identified
by words such
as "believe," "expect," "anticipate," "intends," "esti
mate," "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. 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. Such risks,
uncertainties, contingencies and other important
factors could cause actual events to differ
materially from the expectations expressed or implied
in this release by such forward-looking statements.
The information, opinions and forward-looking
statements contained in this release speak only as at
its date, and are subject to change without notice.
This information is subject of the disclosure
requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.