NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
The subscription period for the rights issue (the "Rights Issue") in Kongsberg Gruppen ASA (the "Company") expired at 16:30 hours (CET) today on 21 November 2018.
Preliminary counting indicates that the Company has received subscriptions for approximately 75.4 million new shares. 59,990,065 new shares were offered in the Rights Issue. The preliminary counting consequently indicates an oversubscription of approximately 25.7%.
The final allocation of the new shares will take place tomorrow in accordance with the allocation criteria set out in the prospectus dated 6 November 2018. The final result of the Rights Issue will be published shortly thereafter, and letters regarding allocation of new shares and the corresponding subscription amount to be paid by each subscriber, are expected to be distributed during the course of tomorrow.
The payment date for the new shares is 26 November 2018.
For further information, please contact:
Ronny Lie, VP Corporate Communication, Kongsberg Gruppen ASA,
Tel.: + 47 916 10 798.
Jan Erik Hoff, VP Investor Relations, Kongsberg Gruppen ASA,
Tel.: + 47 991 11 916.
KONGSBERG (OSE-ticker: KOG) is an international, knowledge-based group delivering high technology systems and solutions to clients within the oil and gas industry, merchant marine, defence and aerospace. KONGSBERG has 7 000 employees located in more than 25 countries and total revenues of NOK 14.5 billion in 2017. Follow us on Twitter: @kongsbergasa.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. 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.