NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
Reference is made to earlier inventory trade bulletins from
The subscription period in the Rights Issue begins as we speak,
Allocation and grant of Subscription Rights
The holders of the Company’s shares as of
Each Existing Shareholder has been granted 1.754386 Subscription Rights for every Existing Share registered as held by the Existing Shareholder at the Record Date, rounded right down to the nearest complete Subscription Right. The Subscription Rights can be distributed free of cost to the Existing Shareholders.
Each complete Subscription Right will, topic to relevant legislation, give the proper to subscribe for, and be allotted, one Offer Share. Over-subscription by holders of Subscription Rights can be permitted, nonetheless, there could be no assurance that
The grant or buy of Subscription Rights and the subscription of
The subscription period commences as we speak on
The Subscription Rights can be listed and tradable on Euronext Growth Oslo from
Persons meaning to commerce in Subscription Rights ought to be conscious that buying and selling in, and train of, Subscription Rights by holders who’re positioned in jurisdictions exterior of
The Subscription Rights are anticipated to have financial worth if the Company’s shares commerce above the Subscription Price throughout the Subscription Period. Existing Shareholders who don’t use their Subscription Rights will expertise a dilution of their shareholding in the Company, as additional detailed in Section 15.19 “Dilution” of the Prospectus.
The Subscription Price is
Subscribers who’re residents of
Subscribers that aren’t ready to make use of the VPS on-line subscription system should submit a appropriately accomplished subscription kind to 1 of the Managers throughout the Subscription Period. The subscription kind is connected to the Prospectus. Postal and e-mail addresses to the Managers are included in Section 15.10 “Subscription procedures” of the Prospectus.
Pursuant to an underwriting settlement dated
Pursuant to the underwriting settlement, every Underwriter shall obtain an underwriting fee equal to three% of their respective underwriting obligation.
The Underwriting Obligation will expire in the occasion that the Underwriters will not be notified of any conditional allocation underneath the Underwriting Obligation inside
See Section 15.20 “The Underwriting” in the Prospectus for additional details about the Underwriters.
If an Existing Shareholder holds shares in the Company registered via a monetary middleman on the Record Date, the monetary middleman will typically give the Existing Shareholder particulars of the mixture quantity of Subscription Rights to which will probably be entitled. The related monetary middleman will typically provide every Existing Shareholder with this data in accordance with its common buyer relations procedures. Existing Shareholders holding their Existing Shares via a monetary middleman ought to contact the monetary middleman if they’ve acquired no data with respect to the Rights Issue.
Following expiry of the Subscription Period, the Offer Shares can be allotted to subscribers in accordance with the allocation precept described in Section 15.13 “Allocation of the Offer Shares” in the Prospectus. Payment for allotted
Subject to well timed fee of the complete subscription quantity in the Rights Issue, the Company expects that the share capital enhance pertaining to the Rights Issue can be registered with the
Webcast concerning the Rights Issue
The Company will maintain a webcast concerning the Rights Issue at 11:00 (CET) on
For additional data, please contact:
Brede Huser, CFO
Mob: +47 99 16 99 74
E-mail: [email protected]
Flyr is a Norwegian based mostly low-price provider with a requirement pushed enterprise mannequin and a main give attention to the Norwegian market. The firm targets a contemporary, digital and environment friendly setup to make sure excessive operational effectivity via simplicity, optimized useful resource utilization and good use of know-how. For extra data go to www.flyr.com.
This announcement is just not and doesn’t kind an element of any provide to promote, or a solicitation of a proposal to buy, any securities of the Company. The data contained on this announcement is for informational functions solely and doesn’t purport to be full or full. Copies of this announcement will not be being made and might not be distributed or despatched into any jurisdiction wherein such distribution could be illegal or would require registration or different measures. Any providing of the securities referred to on this announcement can be made by means of the Prospectus accepted by the
The securities referred to on this announcement haven’t been and won’t be registered underneath the
This announcement has been ready on the foundation that any provide of securities in any Member State of the European Economic Area, apart from
This communication is barely being distributed to and is barely directed at individuals in the
Matters mentioned on this announcement could represent ahead-trying statements. Forward-looking statements are statements that aren’t historic info and could also be recognized by phrases akin to “consider”, “count on”, “anticipate”, “technique”, “intends”, “estimate”, “will”, “could”, “proceed”, “ought to” and comparable expressions. The ahead-trying statements on this launch are based mostly upon numerous assumptions, many of that are based mostly, in flip, upon additional assumptions. Although the Company consider that these assumptions had been affordable when made, these assumptions are inherently topic to vital identified and unknown dangers, uncertainties, contingencies and different necessary elements that are troublesome or inconceivable to foretell, and are past their management. Actual occasions could differ considerably from any anticipated improvement as a consequence of a quantity of elements, together with with out limitation, modifications in public sector funding ranges, modifications in the basic financial, political and market situations in the markets wherein the Company operates, the Company’s skill to draw, retain and encourage certified personnel, modifications in the Company’s skill to have interaction in commercially acceptable acquisitions and strategic investments, and modifications in legal guidelines and regulation and the potential impression of authorized proceedings and actions. Such dangers, uncertainties, contingencies and different necessary elements may trigger precise occasions to vary materially from the expectations expressed or implied on this launch by such ahead-trying statements. The Company doesn’t make any assure that the assumptions underlying the ahead-trying statements on this announcement are free from errors nor does it settle for any accountability for the future accuracy of the opinions expressed on this announcement or any obligation to replace or revise the statements on this announcement to replicate subsequent occasions. You mustn’t place undue reliance on the ahead-trying statements on this announcement.
The data, opinions and ahead-trying statements contained on this announcement communicate solely as at its date, and are topic to alter with out discover. The Company doesn’t undertake any obligation to evaluate, replace, verify, or to launch publicly any revisions to any ahead-trying statements to replicate occasions that happen or circumstances that come up in relation to the content material of this announcement.
Neither the Managers of the Rights Issue nor any of their associates makes any illustration as to the accuracy or completeness of this announcement and none of them accepts any accountability for the contents of this announcement or any issues referred to herein.
This announcement is for data functions solely and isn’t to be relied upon in substitution for the train of impartial judgment. It is just not meant as funding recommendation and by no means is it for use or thought of as a proposal to promote, or a solicitation of a proposal to purchase any securities or a suggestion to purchase or promote any securities of the Company. Neither the Managers of the Rights Issue nor any of its associates accepts any legal responsibility arising from the use of this announcement.
In reference to the Rights Issue, the Managers of the Rights subject and any of their associates, performing as traders for their very own accounts, could subscribe for or buy shares and in that capability could retain, buy, promote, provide to promote or in any other case deal for their very own accounts in such shares and different securities of the Company or associated investments in reference to the Rights Issue or in any other case. Accordingly, references in any subscription supplies to the shares being issued, supplied, subscribed, acquired, positioned or in any other case dealt in ought to be learn as together with any subject or provide to, or subscription, acquisition, inserting or dealing by, such supervisor and any of their associates performing as traders for their very own accounts. The Managers don’t intend to reveal the extent of any such funding or transactions in any other case than in accordance with any authorized or regulatory obligations to take action.
The distribution of this announcement and different data could also be restricted by legislation in sure jurisdictions. Persons into whose possession this announcement or such different data ought to come are required to tell themselves about and to look at any such restrictions.
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