Kid ASA - End of stabilisation period
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Kid ASA - End of stabilisation period Oslo, 3 December 2015: Reference is made to the announcement issued by Kid ASA ("Kid" or the "Company") and ABG Sundal Collier ASA (the "Stabilisation Manager") on 30 October 2015 regarding potential stabilisation activities in respect of the shares in Kid in the period from 2 November 2015 to and including 2 December 2015 (the "Stabilisation Period") in connection with Kid's initial public offering (the "Offering").
ABG Sundal Collier ASA hereby gives notice that stabilisation was undertaken in relation to the shares in Kid and that a total of 2,934,147 shares were purchased for a total purchase price of NOK 89,705,378 during the Stabilisation Period.
First day of purchase was 2 November 2015 and last day of purchase was 2 December 2015. The highest price paid per share in stabilisation transactions during the Stabilisation Period was NOK 31.00, the lowest price paid was NOK 29.50 and the average price paid was NOK 30.573.
For each of the dates on which stabilisation transactions were carried out, the price range for the stabilisation transactions was as follows:
Date | Minimum price (NOK) |
Maximum price (NOK) |
02-Nov | 29.50 | 31.00 |
04-Nov | 30.00 | 30.00 |
05-Nov | 30.00 | 30.20 |
06-Nov | 30.20 | 30.50 |
09-Nov | 30.00 | 30.20 |
10-Nov | 29.80 | 30.20 |
11-Nov | 29.70 | 30.00 |
12-Nov | 29.80 | 30.00 |
13-Nov | 29.70 | 29.70 |
16-Nov | 29.70 | 29.70 |
17-Nov | 29.70 | 29.70 |
18-Nov | 29.70 | 29.70 |
19-Nov | 29.70 | 29.70 |
20-Nov | 29.90 | 30.00 |
23-Nov | 30.10 | 30.30 |
25-Nov | 30.00 | 30.20 |
26-Nov | 30.00 | 30.00 |
27-Nov | 29.80 | 30.00 |
30-Nov | 29.80 | 30.20 |
01-Dec | 30.20 | 30.20 |
02-Dec | 29.70 | 30.20 |
ABG Sundal Collier ASA has redelivered the shares purchased through stabilisation transactions to Gjelsten Holding AS in accordance with the terms in the share lending agreement between the parties, and has exercised the option to purchase from Gjelsten Holding AS a total number of 120,691 shares in Kid which was borrowed and over-allotted in the Offering and for which the redelivery obligation under the share lending agreement has not been satisfied by delivery of the 2,934,147 shares purchased during the Stabilisation Period.
For further queries, please contact
ABG Sundal Collier ASA
+47 22 01 60 97