Sandvika, 31 October 2023: Reference is made to the announcements made on 30 October 2023, whereby Norconsult ASA (the “Company”) announced the terms of the initial public offering of its shares (the “Offering” or the “IPO”) and the approval and publication of the prospectus for the IPO (the “Prospectus”).
The Prospectus was published on 30 October 2023 and is, subject to regulatory restrictions in certain jurisdictions, available at the websites www.norconsult.no, www.dnb.no/emisjoner, www.carnegie.no/ongoing-prospectuses-and-offerings/, www.nordea.com/en/issuances, www.seb.no and www.nordnet.no/se/dk/fi.
The Offering comprises an institutional offering, a retail offering and the employee offering. Applications in the retail offering can be made through the websites listed above from commencement of the application period for the retail offering and the employee offering, or by executing and submitting the application form appended to the Prospectus to one of the Managers, provided that Applicants in the retail offering who are located in Sweden, Finland or Denmark are only permitted to apply through the webservices of Nordnet.
Applications in the employee offering by employees who are residents of Norway with a Norwegian personal identification number can be made through the VPS online application system by following the link on the Group’s internal communication platform, Panorama, or by executing and submitting the application form appended to the Prospectus to one of the Managers. Eligible employees who are residents of Sweden, Denmark or Finland must apply for shares through the webservices of Nordnet, as further detailed above. Eligible Employees who are residents outside Norway, Sweden, Denmark or Finland must apply for shares by executing and submitting the application form appended to the Prospectus to one of the Managers.
Subscriptions in the institutional offering can be made by contacting one of the Managers during the bookbuilding period.
The bookbuilding period for the institutional offering will commence today, 31 October 2023, at 09:00 (CET) and will expire at 14:00 (CET) on 8 November 2023. The application period for the retail offering and the employee offering will commence today, 31 October 2023, at 09:00 (CET) and will expire at 12:00 (CET) on 8 November 2023, provided, however, that applications in the retail offering and the employee offering made electronically through the webservices of Nordnet must be submitted no later than by 23:59 (CET) on 7 November 2023. The bookbuilding period and the application period may be shortened or extended at any time, however so that they cannot be shortened to expire prior to 16:30 (CET) on 7 November 2023 or be extended beyond 16:30 (CET) on 15 November 2023. In the event of a shortening or an extension of the bookbuilding period and the application period, the allocation date, the payment due date and the date of delivery of Offer Shares will be changed
accordingly, but the date of the listing and commencement of trading of the Company’s shares on the Oslo Stock Exchange may not necessarily be changed.
ADVISORS
Carnegie AS and DNB Markets, a part of DNB Bank ASA, are acting jointly as joint global coordinators and joint bookrunners (collectively, the “Joint Global Coordinators”). Nordea Bank Abp, filial i Norge, and Skandinaviska Enskilda Banken AB (publ), Oslo branch, are acting as joint bookrunners together with the Joint Global Coordinators (collectively, the “Managers”).
Advokatfirmaet BAHR AS is acting as legal advisor to the Company. Advokatfirmaet Wiersholm AS is acting as legal advisor to the Managers.
For further queries, please contact:
Investors: Dag Fladby, CFO Norconsult, +47 90 89 19 35
Media: Hege Njå Bjørkmann, EVP Communication and Brand Norconsult, +47 91 18 50 29
ABOUT NORCONSULT ASA
Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Through innovation and creativity, and with our purpose «Every day we improve everyday life», we are constantly seeking more sustainable and efficient solutions which are beneficial to society. Headquartered in Sandvika, Norway, Norconsult’s delivery model is centered around knowledge hubs and local presence through approximately 6,000 employees across more than 130 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland. (Figures as of 30.06.2023)
***
IMPORTANT INFORMATION
This announcement is for informational purposes only and does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, New Zealand, Canada, Japan or the United States, including its territories and possessions, any state of the United States and the District of Columbia (the “United States”) or to any person to whom, or in any jurisdiction in which, such offer or solicitation is unlawful. The securities referred to herein may not be offered, subscribed, used, pledged, sold, resold, allotted, delivered or transferred, directly or indirectly, in or into the United States absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. The offer and sale of the securities referred to herein has not been and will not be registered under the U.S. Securities Act or under the applicable securities laws of Australia, New Zealand, Canada or Japan. There will be no public offer of the securities in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, New Zealand, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, New Zealand, Canada or Japan.
None of the Managers or any of their respective affiliates or any of their respective directors, officers, employees, advisors or agents accepts any responsibility or liability whatsoever for, or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available, or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Accordingly, each of the Managers and the other foregoing persons disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement. This announcement has been prepared by and is the sole responsibility of the Company.
The Managers and their affiliates are acting exclusively for the Company and no-one else in connection with the offering. They will not regard any other person as their respective clients in relation to the offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC (as amended) as implemented in any member state of the European Economic Area (the “EEA”) (the “EU Prospectus Regulation”). Investors should not subscribe for any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus. Copies of the prospectus are available, subject to certain exceptions, on www.norconsult.no, www.dnb.no/emisjoner, www.carnegie.no/ongoing-prospectuses-and-offerings/, www.nordea.com/en/issuances, www.seb.no and www.nordnet.no/se/ dk/fi.
In any member state of the EEA, other than Norway, Sweden, Denmark and Finland, this communication is only address to and is only directed at persons who are “qualified investors” within the meaning of Article 2(e) of the EU Prospectus Regulation.
This communication does not constitute an offer of the securities referred to herein to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities referred to herein. This communication is being distributed to and is directed only at persons : (A) (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) falling within Article 49(2)(a) to (d) of the Order and (iii) to whom it may otherwise lawfully be communicated; and (B) who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (Regulation (EU) 2017/1129) as it forms part of retained EU law as defined in the European Union (Withdrawal) Act 2018.
In connection with the offering, the Managers and any of their affiliates, acting as investors for their own accounts, may subscribe for or purchase shares and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such shares and other securities of the Company or related investments in connection with the contemplated offering or otherwise. Accordingly, references in any prospectus, if published, to the shares being issued, offered, subscribed, acquired, placed or otherwise dealt in should be read as including any issue or offer to, or subscription, acquisition, placing or dealing by, such Managers and any of their affiliates acting as investors for their own accounts. The Managers do not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe", "aims", "expect", "anticipate", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Forward-looking statements speak only as of the date they are made and cannot be relied upon as a guide to future performance. The Company, each of the Managers and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward-looking statement contained in this announcement whether as a result of new information, future developments or otherwise.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.
The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.