Havilafjord AS , a company wholly owned byHavila Holding AS , has today entered into a conditional purchase agreement to acquire 4,736,246 shares inFjord1 ASA from independent third party sellers at a price ofNOK 52 per share. The transactions are conditional upon completion of a contemplated refinancing ofHavilafjord AS' bond loanHavilafjord AS 18/23 FRN FLOOR C (the "Havilafjord Bond"), expected to be completed on or about8 July 2021 (the "Closing Date").Havilafjord AS is also in the process of acquiring 3,850,000 shares inFjord1 ASA from Runde Holdco AS at a price ofNOK 52 per share. Following completion of the acquisitions set out above,Havila Holding AS will through its subsidiariesHavilafjord AS ,Havilafjord Holding AS and Havilafjord Holding 2 AS, control a total of 93,546,095 shares inFjord1 ASA , equal to ~93.55% of the total number of shares and votes inFjord1 ASA , and consequently crossing the 90% disclosure threshold set out in theNorwegian Securities Trading Act 4-2. The share purchases will not trigger any mandatory offer obligations for the remaining shares inFjord1 ASA , but shareholders interested in selling their shares inFjord1 ASA toHavilafjord AS at a price ofNOK 52 per share, should contactFearnley Securities AS at + 47 22 93 63 64. As part of the refinancing of the Havilafjord Bond,Havilafjord AS also expects to exercise the call option for the Havilafjord Bond on or about the Closing Date together with a defeasance. The call will be exercised pursuant to the terms of the bond agreement, which sets out a call price of 103.5%. Further details on the call option exercise, including repayment dates, will be announced in due course.
Click here for more information
© Oslo Bors ASA, source