Reference is made to the stock exchange notices published on 2 December 2021 regarding the completion of a block sale of 13,500,000 existing shares in Norske Skog ASA (the “Company”) at a price per share of NOK 38.00 by NS Norway Holding AS, which is ultimately controlled by Oceanwood Capital Management LLP, (the “Seller”).
By the sale, the Seller reduced its shareholding from 40,396,681 shares (equal to approx. 42.9%) to 26,896,681 shares (equal to approx. 28.5%) and did thereby fall below the disclosable threshold of 33.33%. Jen-Yue (John) Chiang, Senior Partner in the Seller, is the chairman of the board of directors of the Company.
Please see attached form for further details relating to the Seller's share sale.
For further information:
Norske Skog media:
Vice President Corporate Communication and Public Affairs
Carsten Dybevig
carsten.dybevig@norskeskog.com
Mob: +47 917 63 117
Twitter: @Norske_Skog
Norske Skog Investor Relations:
Investor Relations Manager
Even Lund
even.lund@norskeskog.com
Mob: +47 906 12 919