Reference is made to today's announcement with summons to an extraordinary meeting of the company's shareholders.
As follows from the summons, the company is planning a repair issue of shares in the company directed towards the company's shareholders other than Havila Holding AS as per the date of the shareholders meeting. The purpose is to give these shareholders an opportunity to partly reduce the dilutive effect of the planned share capital increase to be directed towards the company's main shareholder, Havila Holding AS, and towards certain secured creditors. Further dilution may also happen in the future in connection with warrants being exercised and loans being converted, as further detailed in the proposals included in the summons.
Eligible shareholders will be offered to subscribe for shares in the company at the same price as Havila Holding AS is paying in the directed share issue; NOK 0.125.
Key information for the repair issue is as follows:
The date when the terms of the repair issue were announced: 14 December 2016
Last day inclusive: 4 January 2017
Ex-date: 5 January 2017
Record Date: 6 January 2017
Resolution date: 4 January 2017
Maximum number of new shares: 240,000,000
Subscription price: NOK 0.125
The company's contact persons are:
Njål Sævik, CEO
+47 909 35 722
Arne Johan Dale, CFO
+47 909 87 706