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26.11.2021 kl 07:53 3242

26.11.2021, 07:00:00

Edda Wind ASA – Stabilisation and over-allotment notice

Reference is made to the stock exchange notice by Edda Wind ASA (the “Company”) of 24 November 2021 regarding completion of the initial public offering of shares in the Company (the “Offering”).

ABG Sundal Collier ASA ("ABGSC" or the "Stabilisation Manager") may, on behalf of the Managers (as defined below), engage in stabilisation activities from today, 26 November 2021, to and including, 24 December 2021 (the "Stabilisation Period"). Any stabilisation transactions will be aimed to support the market price of the Company’s shares.

In connection with the Offering, the Managers have over-allotted a total of 4,290,243 shares in the Company to the applicants in the Offering, equalling approximately 15% of the total number of new shares initially allocated in the Offering.

In order to permit delivery in respect of the over-allotments made, Østensjø Wind AS (“Østensjø”) and Wilhelmsen New Energy AS (“Wilhelmsen”) have, with a split of 50-50, lent to the Stabilisation Manager, on behalf of the Managers, a number of existing shares in the Company equal to the number of over-allotted shares. For further details on over-allotment and stabilisation activities, please see the prospectus dated 15 November 2021 prepared by the Company (the "Prospectus").

Further, the Company has granted to the Stabilisation Manager, on behalf of the Managers, an over-allotment option with a right to subscribe for up to 4,290,243 new shares in the Company at a share price of NOK 30.75, which is equal to the offer price in the Offering (the "Offer Price"). The over-allotment option is exercisable, in whole or in part, by the Stabilisation Manager, on behalf of the Managers, within the Stabilisation Period. The Stabilisation Manager may close out the short position created by over-allotting shares in the Offering by purchasing shares in the open market through stabilisation activities and/or by exercising the over-allotment option.

The Stabilisation Manager may effect transactions with a view to supporting the market price of the Company’s shares at a level higher than what might otherwise prevail, by buying shares in the Company in the open market at prices equal to or lower than (but not above) the Offer Price. There is no obligation on the Stabilisation Manager to conduct stabilisation activities and there can be no assurance that stabilisation activities will be undertaken. If stabilisation activities are undertaken, they may be discontinued at any time, and must be brought to an end upon or before expiry of the Stabilisation Period.

Any stabilisation activities will be conducted in accordance with the Market Abuse Regulation and the Commission Delegated Regulation 2016/1052 of 8 March 2016 as implemented into Norwegian law by Section 3-1 of the Norwegian Securities Trading Act regarding buy-back programmes and stabilisation of financial instruments.

If stabilisation activities are undertaken, information on the activities will be published no later than seven trading days following such transaction(s). Further, within one week after the expiry of the Stabilisation Period, the Stabilisation Manager will publish information as to whether or not price stabilisation activities were undertaken. If stabilisation activities were undertaken, the statement will also include information about: (i) the total amount of shares sold and purchased; (ii) the dates on which the stabilisation period began and ended; (iii) the price range between which stabilisation was carried out, as well as the highest, lowest and average price paid during the stabilisation period; and (iv) the date at which stabilisation activities last occurred.

https://newsweb.oslobors.no/message/547957
Redigert 26.11.2021 kl 07:53

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