NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL.
13 September 2022
Olav Thon Eiendomsselskap ASA (the "Company") has decided to initiate a share
buyback program for up to 3,000,000 shares. The share buyback will be conducted
as a reverse bookbuilding process in which shareholders can submit sale offers
(the "Share Buyback"). The Company has engaged ABG Sundal Collier ASA ("ABGSC"
or the "Manager") as manager for the Share Buyback.
The Share Buyback period commences Tuesday 13 September 2022 at 09:00 CEST and
ends on Thursday 15 September 2022 at 16:30 CEST.
The Company reserves the right to accept sale offers received after the end of
the Share Buyback period, as well as to close or extend the Share Buyback period
at any time and for any reason in its sole discretion without further notice.
Sale offers and the respective limits are irrevocable and cannot be withdrawn or
changed once received.
For more information or to submit sale offers, please contact ABG Sundal Collier
ASA at phone: +47 22 01 60 11.
In the event that the total number of received sale offers exceed 3,000,000
shares at or below the price accepted, the Company will perform a pro-rata
reduction of sale offers. The Company and the Manager reserves the right to
terminate the offer or make any amendments with regard to the volume or other
terms of the offer.
The buyback will be based on the authorisation provided by the Company's Annual
General Meeting on 19 May 2022.
The shares purchased through the Share Buyback may be used for prospective
reductions of the share capital. .
***
For Olav Thon Eiendomsselskap ASA
Arne B. Sperre
E.V.P Finance
Tel: + 47 926 97 622
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.
***
The buyback and the distribution of this announcement and other information in
connection therewith may be restricted by law in certain jurisdictions.
The Company and the Manager do not assume any responsibility in the event there
is a violation by any person of such restrictions. Persons into whose possession
this announcement or such other information should come are required to inform
themselves about and to observe any such restrictions.
The buyback is not being made directly or indirectly in, or by use of the mails
of, or by any means or instrumentality of interstate or foreign commerce of, or
any facilities of a national securities exchange of, the United States of
America, its territories and possessions, any State of the United States and the
District of Columbia (the "United States") or any other jurisdiction in which
this would be unlawful. This includes, but is not limited to, facsimile
transmission, internet delivery, e-mail, telex and telephones. Accordingly,
copies of this release and any related documents are not being, and must not be,
mailed, e-mailed or otherwise distributed or sent in or into the United States
and so doing may invalidate any purported sales offer.