Markedet oversvømmes af over 600 mio. nye Norwegian aktier indkøbt med kæmperabat den 28. maj

Kommentar: Den 28. maj får institutionelle investorer, der  har købt nye Norwegian aktier for knap 7 NOK stykket, de nye aktier i deres depoter. Læs nedenfor hvad der herefter vil ske, som Økonomisk Ugebrevs analytikere vurderer det.

Økonomisk Ugebrev forventer, at mange af de institutionelle investorer vil hjemtage gevinster ned til ca. 8-12 NOK. i forhold til den aktuelle børskurs på 20 NOK. Så vi ser et kortvarigt ganske betydelig aktiekursdyk, på grund af et stor udpres, før aktiekursen stabiliserer sig på et højere kursniveau, antageligt omkring 12-17 NOK:

Fra Norwegian:

Reference is made to the stock exchange announcement of Norwegian Air Shuttle ASA (the “Company” or “NAS”) dated 25 May 2021 regarding the final results of the capital raise (consisting of a new capital perpetual bonds offering, a private placement and a rights issue) raising gross proceeds of approximately NOK 6,000 million by issuing 658,945,686 new shares (the “New Shares”) and new capital perpetual bonds in the Company (the “New Capital Perpetual Bonds”).

Further reference is made to the stock exchange announcement of 11 March 2021 regarding the launch of a scheme for an exit from the Irish examinership (the “Examinership”) and Norwegian reconstruction (the “Reconstruction”) processes for the Company and certain of its related Irish companies (the “Examinership Companies”) and proposed schemes of arrangement related to the Examinership and a restructuring plan related to the Reconstruction (as further set out therein and together the “Restructuring Proposal”) and the stock exchange announcement published by the Company earlier today regarding the occurrence of the Effective Date (as defined in the Restructuring Proposal).

The share capital increases pertaining to the rights issue and the private placement have now been registered in the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The Company’s new share capital is NOK 70,125,485.40, divided into 701,254,854 shares, each with a nominal value of NOK 0.10. The new shares issued in the rights issue are expected to be registered on the respective subscribers’ VPS accounts on or around 28 May 2021 and will be listed and tradable on the Oslo Stock Exchange on or about 27 May 2021, subject however to the relevant subscriber having paid the subscription amount.

The new shares issued in the institutional offering of the private placement are expected to be delivered to the respective investors on a delivery versus payment basis on or around 27 May 2021, whereas the new shares issued in the eligible creditor offering of the private placement are expected to be delivered to the respective investor on or around 28 May 2021, subject however to the relevant investor having properly paid for the allocated shares in accordance with the procedures set out in the securities note dated 6 May 2021. Furthermore, the issuance of the convertible loan pertaining to the New Capital Perpetual Bonds has today been registered with the NRBE. Consequently, the Effective Time (as defined in the Restructuring Proposal) has occurred and the Company and the Examinership Companies have successfully emerged from the Examinership and the Reconstruction.