IPO and dispersion sale for Block Watne listing
(Oslo, 1 March 2006) Block Watne Gruppen ASA intends to hold an initial public offering and dispersion sale totalling up to NOK 620 million ahead of its planned listing on the Oslo Stock Exchange. The subscription period will run from 2 March until 15 March. Based on advice from the coordinators, the board and the present owner have set an indicative price interval of NOK 28-33 per share for Block Watne Gruppen. This values the company at NOK 1 120-1 320 million before the IPO. The final price will be determined by the board and the owner once the subscription period has ended.