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Vistin Pharma — Remuneration Information 2023
Jun 30, 2023
3782_rns_2023-06-30_869babe5-f227-40ca-85b0-c436b50f2043.html
Remuneration Information
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Vistin Pharma ASA: Offer to buy back shares
Vistin Pharma ASA: Offer to buy back shares
30 June 2023: Vistin Pharma ASA (the "Company") has decided to launch an offer
to all shareholders in the Company to buy back up to 250,000 shares in the
Company in connection with its Long Term Incentive Plan (LTIP) for the executive
management. The executive management can in accordance with the LTIP purchase
shares for up to MNOK 6, at a 25% discount, with three years of binding time.
The buyback will be conducted as a reverse book-building process in which
shareholders can submit sales offers.
The book building period commences today, Friday 30 June 2023, at 09:00 hours
CEST and is expected to close at 16:00 hours CEST on Monday 3 July 2023. The
Company reserves the right to accept sales offers received after the end of the
book building period, as well as to close or extend the book building period at
any time and for any reason in its sole discretion without further notice.
Sales offers are irrevocable and cannot be withdrawn once received, however if
the book building period is extended, sales offers can be withdrawn up to the
expiry of the extended book-building period.
The execution of any repurchases will depend on market conditions. The Company
will determine criteria for the allocation of the acceptances in accordance with
the best interest of the Company and the equal treatment of shareholders. The
Company may decide to repurchase fewer shares than set out above, or choose to
repurchase no shares at all, at its sole discretion.
SpareBank 1 Markets AS acts as sole bookrunner in connection with the buyback,
and shareholders wanting to sell shares can contact SpareBank 1 Markets AS at
+47 24 14 74 70.
The buyback is based on the authorization provided by the Company's annual
general meeting held on 22 May 2023.
For further information, please contact:
Alexander Karlsen
CFO
+47 97 05 36 21
[email protected] (mailto:[email protected])
This stock exchange announcement was published by Alexander Karlsen, CFO of
Vistin Pharma ASA, on 30 June 2023 at 07:30 CEST. This information is considered
to be inside information pursuant to the EU Market Abuse Regulation ("MAR"), and
is subject to the disclosure requirements pursuant to MAR article 17 and section
5-12 of the Norwegian Securities Trading Act.
Important information:
The buyback offer contemplated hereby and the distribution of this announcement
and other information in connection with the offer may be restricted by law in
certain jurisdictions, and the buyback is not being made, directly or
indirectly, in any jurisdiction in which this would be unlawful, require
registration or other measures. The Company and its advisors do not assume any
responsibility in the event there is a violation by any person of such
restrictions. 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 offer is not being made directly or indirectly in, or
by use of the mails of, or by any means or instrumentality of interstate or
foreign commerce of, or any facilities of a national securities exchange of, the
United States, its territories and possessions, any State of the United States
and the District of Columbia (the "United States"). This includes, but is not
limited to, facsimile transmission, internet delivery, e-mail, telex and
telephones. Accordingly, copies of this release and any related documents are
not being, and must not be, mailed, e-mailed or otherwise distributed or sent in
or into the United States and so doing may invalidate any purported acceptance.