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2019-10-22

SATS: Oslo Børs - SATS ASA - Nytt selskap til notering / New security will be listed 23.10.2019

Det vises til tidligere meldinger fra selskapet vedrørende notering av SATS ASA
på Oslo Børs.
SATS ASA er klassifisert som "25301030 - Leisure Facilities" i GICS (Global
Industry Classification Standard)

Reference is made to earlier announcements from the company related to listing
of SATS ASA on Oslo Børs.
SATS ASA is classified as "25301030 - Leisure Facilities" in GICS (Global
Industry Classification Standard)

Nytt selskap til notering / New security will be listed 23.10.2019:
Navn / Name: SATS ASA
Ticker: SATS
Instrument ID: 1305040
ISIN: NO0010863285
Segment: OBNW
MIC kode: XOSL
Instrument Type: Share (SH)
Hjemstat / Country of register: NO - NORWAY
Handelsvaluta / Trading Currency: NOK
Børsstørrelse (EMS) / Exchange Market Size (EMS): 300
Tick Size Tabell: OBEQ_PT_9000 - ADNT larger than 9000
Pålydende / Face value: NOK 2.125
Antall aksjer som tas opp til notering / Number of shares for listing: Will be
updated later

IMPORTANT NOTICE REGARDING THE LISTING OF THE SHARES IN SATS ASA ON OSLO BØRS

The listing of the Shares will take place in conjunction with an Offering of new
Shares to be issued by the Company and existing Shares to be offered by SATS
Group AS (the "Lead Selling Shareholder"), as well as SATS Management Invest AS
and Hansemgruppen Holding AS (together with the Lead Selling Shareholder, the
"Selling Shareholders"). Pricing and allocation of the Offering is expected to
take place on 22 October 2019. To facilitate settlement of the Offer Shares, the
Managers are expected to enter into an underwriting agreement with the Company
and the Selling Shareholders (the "Underwriting Agreement") on or about 22
October 2019.

Under the current timeline, trading in the Offer Shares on the Oslo Stock
Exchange is expected to commence on an "if issued/if sold" basis (conditional
trading) on 23 October 2019. The trading in the Offer Shares will be
unconditional from, and including, 09:00 (CEST) on 25 October 2019. During the
first two days of trading (i.e. T and T+1), any trading in the Offer Shares will
be conditional upon (a) specific "force majeure" events pursuant to the
Underwriting Agreement not occurring and resulting in termination of the
Underwriting Agreement and/or (b) the Underwriting Agreement not being
terminated due to default by one or more of the Managers.

Should the Joint Global Coordinators, on behalf of all Managers, invoke the
termination provisions at or prior to 17:00 (CEST) on 24 October 2019, any
trades in the Offer Shares (i.e. in the pre-issue/pre-sale allotment rights)
that are carried out during the period of conditional trading will be cancelled
and any such trades will therefore not be settled. After 17:00 (CEST) on 24
October 2019, the force majeure clauses and the Managers' default clause
described above have lapsed and cannot be invoked.

Source Url: https://newsweb.oslobors.no/message/487499

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