Vow ASA: NOTIFICATION OF MAJOR HOLDINGS
December 10 2024 - 12:03PM
UK Regulatory
Vow ASA: NOTIFICATION OF MAJOR HOLDINGS
Reference is made to the stock exchange announcement published
by Vow ASA (the “Company”) on 10 December 2024 regarding the final
results of the rights issue (the “Rights Issue”) (the
“Announcement”).
DNB Bank ASA (“DNB”) has subscribed for its pro-rata share of
the Rights Issue (i.e. 42,570,660 shares) without receiving any fee
or other form of consideration.
As disclosed in the Announcement, a total of 9,910,929 new
shares (the "Underwriting Commission Shares") will be delivered to
the underwriters of the Rights Issue (the “Underwriters”) as
settlement of their entitlement to commission pursuant to the
subscription and underwriting agreements between the Company and
the Underwriters.
Prior to the issuance of the Underwriting Commission Shares, DNB
held 25.32% of the share capital and votes of the Company.
Following completion of the Rights Issue and the issuance of the
Underwriting Commission Shares, DNB holds approximately 24.59% of
the share capital and votes of the Company.
Consequently, as a result of the issuance of the Underwriting
Commission Shares, DNB has crossed below the 25% disclosure
threshold.
This information is subject to the disclosure requirements
set out in section 4 -2 of the Norwegian Securities Trading
Act.
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