NPRO: Final results from the offer to repurchase own shares
Reference is made to the stock exchange notice from Norwegian Property ASA (the “Company”) on 3 June 2019 regarding the preliminary results for the offer to repurchase own shares (the “Offer”). The Company hereby announces that they have received valid acceptances for 57 862 854 shares at a price of NOK 11.75 per share and that the Company has acquired 54 800 000 shares at the said price per share.
The Company has decided that all shareholders who accepted the Offer will be allocated a minimum of 10 000 shares (or up to the number of shares tendered if less than 10 000 shares), while the remaining shares will be allocated pro-rata on the basis of the number of shares tendered by the shareholder.
Allocation will be shown in the VPS during the evening on 4 June 2019. Allocation can also be provided by contacting DNB Markets at +47 23 26 81 01 from 08:30 CEST on 5 June 2019. Trade date is 4 June 2019 with settlement date on 7 June 2019.
Following allocation the Company will own 54 821 236 own shares.
DNB Markets is acting as financial advisor and receiving agent for the repurchase of shares.
For more information, please contact:
Haavard Rønning, CFO Tel.: +47 400 20 019.
The information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.