Reference is made to the Norwegian Air Shuttle ASA (the "Company") FRN perpetual
subordinated convertible bond loan with ISIN NO 0010996440, ISIN NO 0010996432,
ISIN NO 0011157331 and ISIN NO 0011157356 in the outstanding amount of NOK
80,503,908 (the "New Capital Perpetual Bonds").
The Company has received conversion notices from bondholders representing NOK
77,748,596, which pursuant to standard terms set out in the bond terms are
convertible into 8,279,928 new shares in the Company.
Following the conversion, the Company has New Capital Perpetual Bonds in issue
in the nominal amount of NOK 2,755,312. The remaining New Capital Perpetual
Bonds will be repaid in accordance with the terms set out in the previously
announced call notice, at a price equal to 103 per cent of the Nominal Value
plus accrued and unpaid interest, with the repayment date on 11 June 2025.
The Company's share capital is increased by NOK 827,992.80 by issue of 8,279,928
shares. The capital increase pertaining to the conversion of the New Capital
Perpetual Bonds has today been registered in the Norwegian Register of Business
Enterprises (Norwegian: Foretaksregisteret). The Company's new share capital is
NOK 105,523,891.90 divided into 1,055,238,919 shares, each with a nominal value
of NOK 0.10.
Issuance of the new shares in the VPS is expected to take place later today.
For further information, please contact:
Hans-Jørgen Wibstad, CFO at Norwegian Air Shuttle ASA, Tel: +47 916 89 661
Fornebu, 5 June 2025
Norwegian Air Shuttle ASA
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.