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OFFON

NORWEGIAN AIR SHUTTLE ASA

(NAS)
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Norwegian Air Shuttle : NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL

09/02/2021 | 06:17am EDT
NORWEGIAN AIR SHUTTLE (NAS) - Secondary placing completed	

2 September 2021. Reference is made to the stock exchange announcement on the
ticker of Norwegian Air Shuttle ASA ("Norwegian" or the "Company") on 1
September 2021 regarding the contemplated sale of up to 94,961,294 shares in the
Company (the "Structured Sale Shares") having been issued to creditors (the
"Structured Sale Creditors") through conversion of dividend claims against the
Company in accordance with the "Terms of Dividend Claims" for the Company dated
11 March 2021 (the "Structured Sale Process"). 

The Structured Sales Process has been successfully completed and ABG Sundal
Collier ASA and DNB Markets, a part of DNB Bank ASA (together the "Managers")
have on behalf of the Structured Sale Creditors sold 94,961,294 shares in
Norwegian, representing 11.84 per cent of the share capital in the Company, at a
price of NOK 9.30 per share. The shares were sold through an accelerated
bookbuilding process.

The allocated Structured Sale Shares are expected to be settled on 6 September
2021 on a delivery- versus-payment basis. 

For further information, please contact:
ABG Sundal Collier: +47 22 01 60 11
DNB Markets: +47 24 16 90 20

The information in this stock exchange notice is considered to be inside
information pursuant to the EU Market Abuse Regulation, and is subject to the
disclosure requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act. 


Important Notice

The distribution of this announcement and the offer and sale of the shares in
certain jurisdictions may be restricted by law. The shares may not be offered to
the public in any jurisdiction in circumstances which would require the
preparation or registration of any prospectus or offering document relating to
the shares in such jurisdiction. No action has been taken by the Managers or any
of their affiliates that would permit an offering of the shares or possession or
distribution of this announcement or any other offering or publicity material
relating to such securities in any jurisdiction where action for that purpose is
required. Persons into whose possession this announcement comes are required to
inform themselves about and to observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

This press release is for information purposes only and does not constitute or
form a part of an offer to sell or a solicitation of an offer to purchase any
security of the Company in the United States or in any other jurisdiction where
such offer or solicitation is unlawful. The securities of the Company described
in this press release have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), or any applicable
state or foreign securities laws and may not be offered or sold in the United
States absent registration or an exemption from the registration requirements of
the Securities Act.  There will be no public offering of securities in the
United States.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

Stocks mentioned in the article
ChangeLast1st jan.
ABG SUNDAL COLLIER HOLDING ASA 2.09% 9.28 Real-time Quote.45.45%
NORWEGIAN AIR SHUTTLE ASA 2.79% 9.669 Real-time Quote.-88.88%
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Analyst Recommendations on NORWEGIAN AIR SHUTTLE ASA
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Financials
Sales 2021 4 923 M 589 M 589 M
Net income 2021 -2 620 M -313 M -313 M
Net Debt 2021 59 783 M 7 152 M 7 152 M
P/E ratio 2021 -0,17x
Yield 2021 -
Capitalization 8 966 M 1 073 M 1 073 M
EV / Sales 2021 14,0x
EV / Sales 2022 2,82x
Nbr of Employees 6 365
Free-Float 89,0%
Chart NORWEGIAN AIR SHUTTLE ASA
Duration : Period :
Norwegian Air Shuttle ASA Technical Analysis Chart | NAS | NO0010196140 | MarketScreener
Technical analysis trends NORWEGIAN AIR SHUTTLE ASA
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 9,67 NOK
Average target price 16,00 NOK
Spread / Average Target 65,5%
EPS Revisions
Managers and Directors
Geir Magne Karlsen Chief Executive Officer
Svein Harald ěygard Chairman
Knut Olav Irgens Melhus H°eg Executive Vice President-Information Technology
Johan Gauermann Executive Vice President-Operations
Sondre Gravir Independent Director
Sector and Competitors