NAS PRIVATE PLACEMENT

[sail4fun]

http://www.newsweb.no/?melding_ID=124950

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.

NAS - PRIVATE PLACEMENT

Norwegian Air Shuttle ASA (`Norwegian`) has retained ABG
Sundal Collier Norge ASA as manager for a contemplated
private placement of new shares directed towards
professional domestic and international investors after
close on Oslo Børs today. The private placement will be
carried out through a book-building process.

The planned share issue will amount to a maximum of 1.3
million new shares, equal to approximately 7% of existing
outstanding shares. Any such new shares will be issued
pursuant to the authorisation to the Board of Directors
established at Norwegians Annual General Meeting held on 11
May 2005.

Norwegian has experienced significant growth in its
operations both with respect to number of routes and total
production, and the company expects to increase production
further in 2006 with up to 50% compared to 2005. This far
in 2006, the company has introduced one domestic route and
20 international routes. The number of aircraft operated is
expected to increase from 14 at year-end 2005 to 18 during
2006. Currently the company owns one of the planes, and
Norwegian continuously considers the attractiveness of
increasing the number of aircraft to be owned relative to
leased. The proceeds from the equity issue will increase
Norwegians solidity and improve the financial robustness to
pursue the company`s growth ambitions going forward.

The shares to be offered have not been and will not be
registered under the U.S. Securities Act of 1933, as
amended (the `U.S. Securities Act`), or any state
securities laws, and will be offered within the United
States only to qualified institutional buyers (`QIB`), as
defined in Rule 144A under the U.S. Securities Act (`Rule
144A`), through ABG Sundal Collier Inc on behalf of the
Manager, in reliance upon the exemption from the
registration requirements provided by section 4(2) of the
U.S. Securities Act Rule 144A, and to certain non-U.S.
persons in offshore transactions in reliance on Regulation
S under the U.S. Securities Act. ABG Sundal Collier Inc. is
a U.S. affiliate of ABG Sundal Collier Norge ASA. The
shares to be offered will be subject to certain
restrictions on transfer. This press release shall not
constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of the securities in any
State in which such offer, solicitation or sale would be
unlawful.

30 March 2006
Norwegian Air Shuttle ASA

Contact details:
Frode Foss, CFO
+47 67 59 30 78 / +47 91 63 16 45

 

[LN-MOW]

Replying to Topic 'NAS PRIVATE PLACEMENT'

The proceeds from the equity issue will increase
Norwegians solidity and improve the financial robustness to
pursue the company`s growth ambitions going forward.

Lurt aa gjoere dette naa som aksjen er sterk. Det gir mer kapital og bedre forhandlingsvilkaar naar en avloeser til 733 skal anskaffes.

Tolker dette som en bekreftelse paa det jeg antok tidligere, at DY naa vil befeste sin posisjon foer de vurderer videre ekspansjon. I hvertfall i betydelig grad.

 

[sail4fun]

Replying to Topic 'NAS PRIVATE PLACEMENT'

NOT FOR DISTRIBUTION IN THE UNITED STATES

Reference is made to the announcement yesterday regarding a
contemplated private placement of new
shares in Norwegian Air Shuttle ASA (`Norwegian`).

The private placement was successfully completed at a price
of NOK 92.0 per share. The private placement was
significantly oversubscribed, and in total 1,300,000 new
shares will be issued, representing approximately 7% of
existing outstanding shares. Gross proceeds from the share
issue amounts to NOK 119.6 million. After the share issue
there will be 19,669,196 shares outstanding in
Norwegian.

The proceeds from the equity issue will increase
Norwegian`s solidity and improve the financial
robustness to pursue the company`s growth ambitions going
forward.

The new shares issued have not been and will not be
registered under the U.S. Securities Act of 1933, as
amended (the `U.S. Securities Act`), or any state
securities laws, and have been offered within the United
States only to qualified institutional buyers (`QIB`), as
defined in Rule 144A under the U.S. Securities Act (`Rule
144A`), through ABG Sundal Collier Inc. on behalf of the
Manager, in reliance upon the exemption from the
registration requirements provided by section 4(2) of the
U.S. Securities Act Rule 144A, and to certain non-U.S.
persons in offshore transactions in reliance on Regulation
S under the U.S. Securities Act.

31 March 2006

Norwegian Air Shuttle ASA

Contact details:
Frode Foss, CFO
+47 67 59 30 78 / +47 91 63 16 45


http://www.newsweb.no/?melding_ID=124999

 

[LN-HAT]

Replying to Topic 'NAS PRIVATE PLACEMENT'

Hva trenger Norwegian penger til?

Norwegian-emisjonen var betydelig overtegnet. Men hva skal pengene gå til?


Artikkel av: Odd Steinar Parr (31.3.06 10:42)

Norwegian-emisjonen i går var betydelig overtegnet. Finansdirektør Frode Foss forteller til TDN Finans hva pengene kan gå til.


- Det gir oss fleksibilitet til for eksempel å kunne vurdere kjøp av nye fly samt, reforhandle eksisterende leasingavtaler, sier han.


Emisjonen ble gjort til kurs 92 kroner, 2,25 kroner under sluttkurs på Oslo Børs i går. Foss karakteriserer rabatten som fornuftig.


Foss sier til nyhetsbyrået at det per i dag er uaktuelt å hente inn mer penger.