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2015-12-16

Avance Gas Holding Ltd : Voluntary exchange offer by Avance Gas to acquire Aurora LPG - Last day of offer period

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
AUSTRALIA, CANADA, JAPAN, THE UNITED KINGDOM OR THE UNITED STATES, OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Bermuda, 16 December 2015.
Reference is made to the announcements dated 16 November 2015 regarding the
voluntary exchange offer (the "Offer") to acquire all the issued and
outstanding shares in Aurora LPG Holding ASA ("Aurora LPG") made by Avance
Gas Holding Ltd ("Avance Gas", the "Company", ticker code: "AVANCE") and the
Oslo Stock Exchange's approval of the offer document (the "Offer Document")
prepared by Avance Gas in connection with the Offer.

The offer period for the Offer expires today, 16 December 2015, at 16:30 hours
(CET).

For further queries, please contact:
Christian Andersen, President
Tel: +47 22 00 48 05 / Email: c.andersen@avancegas.com

Peder C. G. Simonsen, CFO
Tel: +47 22 00 48 15 / Email: p.simonsen@avancegas.com

Andreas Røde, Danske Bank
Tel. +47 98 22 85 62 / Email: andreas.rode@danskebank.com

About Avance Gas
Avance Gas operates in the global market for transportation of liquefied
petroleum gas (LPG). The Company is one of the world's leading owners and
operators of very large gas carriers (VLGCs), operating a fleet of fourteen
modern VLGC ships.

Disclaimers
This announcement is not and does not form a part of any offer for sale of
securities.

Not for release, publication or distribution, directly or indirectly, in
Australia, Canada, Japan, the United Kingdom or the United States, or any
other jurisdiction in which such distribution would be unlawful or would
require registration or other measures.

The Offer Document is not being directed at persons whose acceptance of the
Offer requires that (i) further documents are issued in order for the Offer
to comply with local law or (ii) registration or other measures are taken
pursuant to local law. No document or material relating to the Offer may be
distributed in or into any country where such distribution or offering
requires any of the aforementioned measures to be taken or would be in
conflict with any law or regulation of such country. The Offer is not being
made in or into Australia, Canada or Japan or, subject to the exceptions
described below, the United States, and will not be permitted to be accepted
in or from these jurisdictions.

The Offer is being made for shares of Aurora LPG, a public limited liability
company organised and registered under the laws of Norway, and is subject to
Norwegian disclosure, takeover laws and regulations, and procedural
requirements that are different from those of the United States. The shares
of Aurora LPG have not been registered under the U.S. Securities Exchange Act
of 1934, as amended (the "U.S. Exchange Act"), and are not listed or traded
on any stock exchange in the United States. The Offer is being made in the
United States in compliance with Section 14(e) of, and Regulation 14E under,
the U.S. Exchange Act, subject to the exemptions provided by Rule 14d-1(d)
under the U.S. Exchange Act and otherwise in accordance with the requirements
of Norwegian law, the applicable rules and regulations of the Oslo Stock
Exchange and certain other applicable laws.

In the United States, the Offer is only being made and the consideration
shares are only being offered to shareholders of Aurora LPG who are
"qualified institutional buyers", as defined in Rule 144A under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act"), in
transactions not involving any public offering within the meaning of the U.S.
Securities Act. Accordingly, the Offer is only open for acceptance in the
United States to shareholders who Avance Gas reasonably believes are
"qualified institutional buyers" and no offer or solicitation for an offer is
made to any other person in the United States. Any person (including
nominees, trustees and custodians) who would, or otherwise intends to,
forward the Offer Document or any related documents to the United States or
to any "U.S. person" as defined in Regulation S may only do so if such person
reasonably believes that the recipient is a "qualified institutional buyer."

The communication of the Offer Document is not being made by, and has not been
approved by, an "authorised person" for the purposes of section 21 of the
Financial Services and Markets Act 2000 ("FSMA"). Accordingly, the Offer
Document is not distributed to, and must not be passed on to, the general
public in the United Kingdom. The communication of the Offer Document is
exempt from the restriction on financial promotions contained in section 21
of FSMA on the basis that it is a communication by or on behalf of a body
corporate which relates to a transaction to acquire shares in a body
corporate and the object of the transaction may reasonably be regarded as
being the acquisition of day to day control of the affairs of that body
corporate within Article 62 (Sale of body corporate) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005.

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although Avance Gas believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict and are beyond its
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations
expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this
announcement speak only as at its date, and are subject to change without
notice.

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Avance Gas Holding Ltd via Globenewswire

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