NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR IN ANY JURISDICTION IN
WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL
19 April 2017
Wallenius Lines AB announces commencement of bookbuilding for sale of shares in Wallenius Wilhelmsen Logistics ASA
Reference is made to announcements by Wallenius Wilhelmsen Logistics ASA, formerly named Wilh. Wilhelmsen ASA (the "Company"), regarding the recently completed merger with Wallroll AB, with the Company as the surviving entity (the "Merger").
As previously announced, it has been agreed that Wallenius Lines AB ("Wallenius") subsequent to completion of the Merger shall reduce its shareholding in the Company by 43,104,938 shares, equal to 10.2% of the total number of outstanding shares in the Company after completion of the Merger. Following such sell-down, Wallenius will own 160,000,000 shares in the Company equivalent to an ownership of 37.8% in the Company, and equal to Wilh. Wilhelmsen Holding ASA's shareholding in the Company. Please refer to the announcement made by the Company on 22 December 2016 for further details.
In accordance with the above, Wallenius hereby announces the commencement of a bookbuilding exercise to sell up to 43,104,938 shares in the Company, approximately 10.2% of the total number of outstanding shares in the Company.
The bookbuilding will commence today, 19 April 2017, at 16:30 CET. The bookbuilding is expected to close this evening and is subject to acceleration at short notice. The transaction is expected to be priced and allocated before the opening of Oslo Stock Exchange on 20 April 2017.
Arctic Securities AS, Nordea Bank AB (publ), filial i Norge and Skandinaviska Enskilda Banken AB (publ) Oslo Branch have been appointed as Joint Bookrunners for the contemplated sell-down.
Wallenius is represented on the Board of Directors of the Company.
This information is subject to the disclosure requirement set out in section 4-2 of the Norwegian Securities Trading Act.
Wallenius Lines AB
The distribution of this announcement and the offer and sale of the shares in certain jurisdictions may be restricted by law. The shares may not be offered to the public in any jurisdiction in circumstances which would require the preparation or registration of any prospectus or offering document relating to the shares in such jurisdiction. No action has been taken by Wallenius or the Joint Bookrunners or any of their respective affiliates that would permit an offering of the shares or possession or distribution of this announcement or any other offering or publicity material relating to such securities in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
This press release is for information purposes only and does not constitute or form a part of an offer to sell or a solicitation of an offer to purchase any security of the Company in the United States or in any other jurisdiction where such offer or solicitation is unlawful. The securities of the Company described in this press release have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or any applicable state or foreign securities laws and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act. There will be no public offering of securities in the United States.