Masoval AS — Share Issue/Capital Change 2021

Jun 24, 2021

Måsøval AS - End of stabilization and exercise of greenshoe option

Måsøval AS - End of stabilization and exercise of greenshoe option

24.6.2021 17:01:22 CEST | Måsøval AS | Additional regulated information required

to be disclosed under the laws of a member state

NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.

NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,

CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR

REPUBLICATION WOULD BE UNLAWFUL

Oslo, 24 June, 2021: Reference is made to the announcement on 17 June 2021

regarding potential stabilization activities in respect of the shares in Måsøval

AS ("Måsøval" or the "Company", trading symbol "MAS") in connection with a

private placement of shares in the Company (the "Private Placement") and

admission of the Company's shares on Euronext Growth Oslo (the "Listing").

DNB Markets, a part of DNB Bank ASA ("DNB Markets"), acting as Stabilisation

Manager in connection with the Private Placement, hereby gives notice that the

stabilisation period has been discontinued. No stabilisation transactions have

been undertaken.

In order to permit the redelivery of shares in the Company which were borrowed

and over-allotted in the Private Placement, DNB Markets has exercised its option

to purchase from Måsøval Eiendom AS 2,279,635 shares which were borrowed and

over-allotted in the Private Placement, at the offer price of NOK 32.90 per

Offer Share (the "Offer Price"). As a consequence of the above, Måsøval Eiendom

AS will today sell 2,279,635 shares at the Offer Price and retain a shareholding

of 82,842,553 shares, equivalent to 76.8% of the shares in the Company.

Carnegie AS, DNB Markets, a part of DNB Bank ASA, and Sparebank 1 Markets AS

acted as Joint Global Coordinators and Joint Bookrunners in the Private

Placement and as Euronext Growth advisors in relation to the Admission (the

"Managers"). Advokatfirmaet Thommessen acted as legal counsel to the Company,

and Schjødt acted as legal counsel to the Managers.

For further information, please contact:

DNB Markets, a part of DNB Bank ASA

Aksel Thue

Tel: +47 23 26 81 01

This information is subject of the disclosure requirements pursuant to

Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 section 6 (3).

Important information

This announcement is not and does not form a part of any offer to sell, or a

solicitation of an offer to purchase, any securities of the Company. The

distribution of this announcement and other information may be restricted by law

in certain jurisdictions. Copies of this announcement are not being made and may

not be distributed or sent into any jurisdiction in which such distribution

would be unlawful or would require registration or other measures. Persons into

whose possession this announcement or such other information should come are

required to inform themselves about and to observe any such restrictions.

The securities referred to in this announcement have not been and will not be

registered under the U.S. Securities Act of 1933, as amended (the "Securities

Act"), and accordingly may not be offered or sold in the United States absent

registration or an applicable exemption from the registration requirements of

the Securities Act and in accordance with applicable U.S. state securities laws.

The Company does not intend to register any part of the offering or its

securities in the United States or to conduct a public offering of securities in

the United States. Any sale in the United States of the securities mentioned in

this announcement will be made solely to "qualified institutional buyers" as

defined in Rule 144A under the Securities Act.

In any EEA Member State, this communication is only addressed to and is only

directed at qualified investors in that Member State within the meaning of the

Prospectus Regulation, i.e., only to investors who can receive the offer without

an approved prospectus in such EEA Member State. The expression "Prospectus

Regulation" means Regulation 2017/1129 as amended together with any applicable

implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons

in the United Kingdom that are (i) investment professionals falling within

Article 19(5) of the Financial Services and Markets Act 2000 (Financial

Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,

and other persons to whom this announcement may lawfully be communicated,

falling within Article 49(2)(a) to (d) of the Order (all such persons together

being referred to as "relevant persons"). This communication must not be acted

on or relied on by persons who are not relevant persons. Any investment or

investment activity to which this communication relates is available only for

relevant persons and will be engaged in only with relevant persons. Persons

distributing this communication must satisfy themselves that it is lawful 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", "expect", "anticipate",

"strategy", "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.

Actual events may differ significantly from any anticipated development due to a

number of factors, including without limitation, changes in investment levels

and need for the Company's services, changes in the general economic, political

and market conditions in the markets in which the Company operates, the

Company's ability to attract, retain and motivate qualified personnel, changes

in the Company's ability to engage in commercially acceptable acquisitions and

strategic investments, and changes in laws and regulation and the potential

impact of legal proceedings and actions. 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. The Company does not provide any guarantees that the

assumptions underlying the forward-looking statements in this announcement are

free from errors nor does it accept any responsibility for the future accuracy

of the opinions expressed in this announcement or any obligation to update or

revise the statements in this announcement to reflect subsequent events. You

should not place undue reliance on the forward-looking statements in this

document.

The information, opinions and forward-looking statements contained in this

announcement speak only as at its date, and are subject to change without

notice. The Company does not undertake any obligation to review, update,

confirm, or to release publicly any revisions to any forward-looking statements

to reflect events that occur or circumstances that arise in relation to the

content of this announcement.

Neither of the Managers nor any of their respective affiliates makes any

representation as to the accuracy or completeness of this announcement and none

of them accepts any responsibility for the contents of this announcement or any

matters referred to herein.

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 in the Company. Neither the

Managers nor any of their respective affiliates accepts any liability arising

from the use of this announcement.

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

ABOUT MÅSØVAL AS

Måsøval is an integrated producer of Atlantic salmon with more than 50 years of

operational experience. Located in Central Norway in the region west of

Trondheim, Måsøval has both significant farming operations at sea and inhouse

smolt production. Through its majority ownership in the processing and

distribution company Pure Norwegian Seafood AS, Måsøval is processing and

exporting high quality Atlantic salmon to a global marketplace.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847731/665/869/Download%20announcement%2

0as%20PDF.pdf