NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, Norway, 16 August 2023: Reference is made to the stock exchange announcement published by XXL ASA (the "Company") on 14 July 2023, with key information relating to the contemplated fully underwritten rights issue in the Company raising gross proceeds of NOK 500 million (the "Rights Issue"). Updated key information relating to the Rights Issue is set out below.
Date on which the terms and conditions of the preferential rights issue were announced: 14 July 2023 and 16 August 2023
Last day including right: 17 August 2023
Ex-date: 18 August 2023
Record Date: 21 August 2023
Date of approval: 17 August 2023
Maximum number of new shares: 1,250,001,065
Subscription price: 0.40
Ratio preferential rights: Each existing shareholder as of 17 August 2023 (and being registered as such in Euronext Securities Oslo, the Norwegian Central Securities Depository (the CSD) as at the expiry of 21 August 2023 (the record date)) will be granted 3.29403 subscription rights for each share registered as held by the shareholder. The number of subscription rights granted to each existing shareholder will be rounded down to the nearest whole subscription right.
Subscription ratio: 1:1 (number of new shares per subscription right)
Managers: DNB Markets, a part of DNB Bank ASA and Nordea Bank Abp, filial i Norge
Will the rights be listed: Yes, the preferential rights are expected to be listed under ticker code "XXLT"
ISIN for the preferential rights: ISIN NO0012981077
Other information: The Rights Issue is subject to approval by the extraordinary general meeting of the Company, which will be held on 17 August 2023.
For further information, please contact:
Investor Relations:
Tolle O. R. Grøterud
Tel: +47 902 72 959
E-mail: ir@xxlasa.com
Press contact:
Jan Christian Thommesen
Tel: + 47 918 21 387
E-mail: presse@xxl.no
ABOUT XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.