Grieg Seafood ASA (the "Company") is pleased to announce the results of its any and all invitation to tender the Company's perpetual green hybrid bonds due 2029 with an outstanding amount of approximately NOK 1,904 million (ISIN: NO0013498584) (the "Existing Bonds") for cash at a purchase price of 105.75 per cent., plus accrued and unpaid interest, as published on 8 June 2026 (the "Tender Offer").
The Tender Offer expired at 12:00 CEST today, 12 June 2026, and the Existing Bonds will be repurchased on the terms and subject to the conditions described in the tender information document dated 8 June 2026 (the "Tender Information Document"). The Tender Offer achieved an overwhelming acceptance rate. As of the expiration deadline, Existing Bonds with an aggregate nominal amount of NOK 1,834,100,000 were validly tendered pursuant to the Tender Offer. It is hereby announced that the Company accepts for purchase all such Existing Bonds validly tendered in full. Following the Tender Offer, Existing Bonds with a nominal amount of NOK 69,600,000 remain outstanding.
Settlement of the Tender Offer is expected to occur on 22 June 2026 in accordance with and subject to the conditions in the Tender Information Document. Furthermore, following the settlement of the Tender Offer, the Company will redeem any then still outstanding Existing Bonds pursuant to the terms of the Existing Bonds in accordance with Clause 10.3 (Substantial Repurchase Event) at 100.00 per cent. as the Company is expected to own Existing Bonds in an aggregate nominal amount of NOK 1,930,400,000 (approx. 97% of the aggregate nominal amount of the Existing Bonds issued).
The Company mandated Nordea Bank Abp as dealer manager for the Tender Offer.
For further enquiries, please contact:
Magnus Johannesen, CFO
Cell phone +47 959 13 243
About Grieg Seafood ASA
Grieg Seafood ASA is one of the world's leading salmon farmers. Our farms are located in Rogaland in Norway with our headquarter in Bergen, Norway. Grieg Seafood ASA was listed at the Oslo Stock Exchange in June 2007.
Sustainable farming practices are the foundation of Grieg Seafood's operations. The lowest possible environmental impact and the best possible fish welfare is both an ethical responsibility and drive economic profitability.
To learn more, please visit www.griegseafood.com
The information included in this announcement is publicly disclosed in accordance with section 5-12 of the Norwegian Securities Trading Act.