NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, WHETHER IN WHOLE OR IN PART,
DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG, KONG, JAPAN, THE
UNITED STATES, SWITZERLAND OR ANY OTHER JURISDICTION IN WHICH THE RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT
CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the announcement from P/F Bakkafrost ("Bakkafrost") on 20
November 2019 of a subsequent offering of up to 1,000,000 new shares in
Bakkafrost at a subscription price of NOK 500 per Offer Share (the "Subsequent
Offering").
The subscription period in the Subsequent Offering expired today on 5 December
2019 at 16:30 hours (CET).
Preliminary counting indicates that Bakkafrost has received subscriptions for
approximately 1.87 million new shares in the Subsequent Offering, of which 1.07
million new shares are over-subscribed.
The final allocation of the new shares in the Subsequent Offering is expected to
take place on 6 December 2019 in accordance with the allocation criteria set out
in the prospectus dated 20 November 2019. The final result of the Subsequent
Offering 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 on or about 6 December 2019.
The payment date of the new shares in the Subsequent Offering is set to 12
December 2019.
DNB Markets, a part of DNB Bank ASA, and Nordea Bank Abp, filial i Norge, acts
as Managers and Joint Bookrunners for the Subsequent Offering. Ro Sommernes
advokatfirma DA acts as Norwegian legal counsel to Bakkafrost.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
For further information please contact:
Regin Jacobsen, CEO of P/F Bakkafrost: +298 235001 (mobile)
Høgni Dahl Jakobsen, CFO of P/F Bakkafrost: +298 235060 (mobile)
- - - -
Important information: The release is not for publication or distribution, in
whole or in part, directly or indirectly, in or into Australia, Canada, Hong
Kong, Japan, Switzerland, and the United States, (including its territories and
possessions, any state of the United States and the District of Columbia). This
release is issued for information purposes only and does not constitute or form
part of any offer or solicitation to purchase or subscribe for securities, in
the United States or in any other jurisdiction. The securities mentioned herein
have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the "US Securities Act"). The securities may not be offered or
sold in the United States except pursuant to an exemption from the registration
requirements of the US Securities Act. Bakkafrost 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. Copies of this
announcement are not being made and may not be distributed or sent into
Australia, Canada, Hong Kong, Japan, Switzerland or the United States. The issue
or exercise of subscription rights, and the subscription, purchase or sale of
shares in Bakkafrost are subject to specific legal or regulatory restrictions in
certain jurisdictions. Neither Bakkafrost nor the Managers assumes any
responsibility in the event there is a violation by any person of such
restrictions. The distribution of this release may, in certain jurisdictions, be
restricted by law. Persons into whose possession this release comes should
inform themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of any
such jurisdiction. The Managers are acting for Bakkafrost and no one else in
connection with the Subsequent Offering and will not be responsible to anyone
other than Bakkafrost providing the protections afforded to their respective
clients or for providing advice in relation to the Subsequent Offering and/or
any other matter referred to in this release.