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 SUCH RELEASE,
PUBLICATION OR
DISTRIBUTION WOULD
BE UNLAWFUL.
Reference is made to
Havyard Group ASA's
(the "Company")
stock exchange
announcements dated
16 June, 30 June and
12 July 2016
regarding the
Company's exchange
offer whereby the
Company has invited
the Company's
bondholders to
subscribe for up to
2,252,830 new shares
in the Company.
The application
period in the
exchange offer ended
20 July 2016. The
Company received
applications for a
total of NOK
3,000,000,
corresponding to a
rounded number of
363,600 new shares
in the Company and
the board of
directors has
resolved to call on
the guarantee for an
additional 1,889,230
shares, implying
that it will
allocate a total of
2,252,830 new shares
in the exchange
offer. Settlement of
the exchange offer
will imply that a
total of 18,585,848
bonds in the FRN
Havyard Group ASA
Senior Unsecured
Bond Issue 2014/2017
will be set-off and
deleted.
Settlement
instructions will be
sent to bondholders
who were allocated
shares under the
exchange offer later
today. Settlement is
expected to take
place on or about 23
August 2016 in
connection with the
issuance and listing
on Oslo Børs of the
new shares.
Fearnley Securities
AS has been the
manager for the
transaction and
Advokatfirmaet
Selmer DA has been
engaged as legal
advisor for the
manager.
For further
information, please
contact:
Pål Aurvåg
CFO
+47 95 00 50 04
Per Lauvvang
Fearnley Securities
+ 47 95 11 10 51
This information is
subject to the
disclosure
requirements
pursuant to section
5-12 of the
Norwegian Securities
Trading Act.