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
Oslo, 21 June 2019: Reference is made to the stock exchange notice issued on 22 May 2019 regarding potential stabilisation activities in respect of the shares in Klaveness Combination Carriers ASA ("KCC" or the "Company"; OSE ticker: KCC, ISIN: NO 0010833262) in the period from 22 May 2019 to and including 20 June 2019 in connection with the Company’s listing on the Oslo Axess (the "Listing").
ABG Sundal Collier ASA ("ABGSC”), acting as stabilisation manager in connection with the Listing, hereby gives notice that stabilisation was undertaken in relation to the shares in KCC with a total of 235,000 shares purchased as part of the stabilisation. The shares were purchased at an average price of NOK 45.92 per share and stabilisation activities last occurred on 20 June 2019. For each of the dates during which stabilisation transactions were carried out, the price range and average price paid were as follows:
Trade date Price (low) Price (high) Price (average)
23.05.2019 47.30 47.30 47.30
24.05.2019 47.00 47.30 47.16
29.05.2019 47.00 47.00 47.00
31.05.2019 47.00 47.00 47.00
03.06.2019 46.50 47.00 46.77
04.06.2019 46.00 46.50 46.34
05.06.2019 46.00 46.00 46.00
06.06.2019 46.00 46.00 46.00
07.06.2019 46.00 46.00 46.00
11.06.2019 45.50 46.00 45.78
12.06.2019 45.20 45.50 45.38
13.06.2019 43.00 45.00 44.41
17.06.2019 43.00 43.50 43.27
18.06.2019 42.50 43.00 42.87
19.06.2019 42.50 43.00 42.91
20.06.2019 43.50 44.00 43.65
ABGSC will redeliver the 235,000 shares purchased through stabilisation transactions to Klaveness Ship Holding AS (“KSH”) in accordance with the terms of an agreement between the parties. Furthermore, ABG Sundal Collier has exercised the option to purchase a total of 147,000 new shares in KCC at the price in the Offering (NOK 47.50 per share) for which the redelivery obligation to KSH under the share lending agreement has not been satisfied by delivery of the shares purchased during the stabilisation period. Reference is made to the prospectus for the Listing for additional descriptions of these arrangements.
With the 147,000 new shares to be issued, the total offering in connection with the listing of KCC on Oslo Axess consisted of 7,515,000 new shares for total gross proceeds of NOK 357 million (equivalent to approx. USD 42 million at the prevailing USDNOK exchange rate).
For further information, please contact:
ABG Sundal Collier ASA
Magnus Kvinge
Tel: +47 22 01 60 00
Important Notice:
The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy, fairness or completeness.
Neither ABGSC nor any of its affiliates, directors, officers, employees, advisors or agents accept any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.
Neither this announcement nor the information contained herein is for publication, distribution or release, in whole or in part, directly or indirectly, in or into or from the United States (including its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan, Hong Kong, South Africa or any other jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. The publication, distribution or release of this announcement may be restricted by law in certain jurisdictions and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This announcement does not contain or constitute an offer to sell or a solicitation of any offer to buy or subscribe for any securities referred to in this announcement to any person in any jurisdiction, including the United States, Australia, Canada, Japan, Hong Kong or any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any securities referred to herein in the United States or to conduct a public offering of securities in the United States.
The information contained in this announcement speak only as at its date, and are subject to change without notice.