COD – PRELIMINARY RESULT IN THE REPAIR OFFERING
NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
The subscription period in Codfarmers ASA’s (“Codfarmers”) repair offering expired at 17:30 hours (CET) on 10 April 2012. Preliminary counting indicates that Codfarmers has received subscriptions for approximately 11,254,353 new shares at the end of the subscription period. Pursuant to the resolution on the repair offering passed by the general meeting in Codfarmers on 8 March 2012, the final number of shares subscribed by Kontrari AS will be reduced so that Kontrari AS’ ownership share following the repair offering does not exceed 33.3%. After the reduction of the number of shares subscribed by Kontrari AS, the preliminary result shows that approximately 9,349,061 new shares have been subscribed.
The final allocation of the shares offered in the repair offering is expected to take place on 16 April 2012 in accordance with the allocation criteria set out in the prospectus dated 21 March 2012. The final result of the repair offering is expected to be published on 16 April 2012, and letters will be sent on the same day, giving notification of allocated new shares and the corresponding subscription amount to be paid by each subscriber.
Payment for the allocated shares falls due on 18 April 2012.
For further information, please contact:
Marianne E. Johnsen, Chair of Codfarmers, telephone +47 93 66 30 00
Harald Dahl, CEO of Codfarmers, telephone +47 90 11 92 82
This announcement is not an offer for sale of securities in the United States. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. Codfarmers does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Any offering of securities will be made by means of a prospectus that may be obtained from Codfarmers and that will contain detailed information about the company and management, as well as financial statements. Copies of this announcement are not being made and may not be distributed or sent into the United States.
This communication is directed only at persons who (i) are outside of the United Kingdom or (ii) have professional experience in matters relating to investments or (iii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc”) of The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons together being referred to as “relevant persons”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.