Brief: Norske Skog: Contemplated Block Sale Of Existing Shares In Norske Skog

Norske Skog ASA

24/08/2022 15:41

Aug 24 (Reuters) - Norske Skog ASA  NSKOG.OL :
    * CONTEMPLATED BLOCK SALE OF EXISTING SHARES IN NORSKE SKOG
ASA
(NSKOG)
    * HAS RETAINED CARNEGIE AS AND PARETO SECURITIES AS (
"MANAGERS")
TO EXPLORE A POTENTIAL BLOCK SALE OF EXISTING SHARES IN NORSKE
SKOG ASA ( "COMPANY") THROUGH A PRIVATE PLACEMENT ( "OFFERING")
    * SELLER IS CONTEMPLATING SELLING UP TO 11,000,000 SHARES IN
COMPANY (EQUAL TO APPROX. 11.7% OF COMPANY'S OUTSTANDING SHARES)
    * PRICE IN OFFERING WILL BE SET THROUGH AN ACCELERATED
BOOKBUILDING PROCESS AND WILL BE DENOMINATED IN NOK
    * SELLER RESERVES RIGHT, AT ITS SOLE DISCRETION, TO SELL
FEWER
SHARES OR NO SHARES AT ALL
    * BOOKBUILDING PERIOD IN OFFERING WILL COMMENCE TODAY (24
AUGUST
2022) AT 16:30 CEST AND WILL CLOSE ON 25 AUGUST 2022 AT 08:00
CEST
    * MINIMUM ORDER AND ALLOCATION IN OFFERING HAVE BEEN SET TO
CURRENCY EQUIVALENT OF EUR 100,000

Source text for Eikon:  ID:nObiWYyNma 
Further company coverage:  NSKOG.OL 

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