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.
Reference is made to the stock exchange announcement published by XXL ASA (the "Company") earlier today, on 14 July 2023, regarding a contemplated fully underwritten rights issue in the Company raising gross proceeds of NOK 500 million (the "Rights Issue"). 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
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: To be announced when determined
Subscription price: To be announced when determined
Ratio preferential rights: To be announced when the final number of new shares is determined
Subscription ratio: To be announced when the final number of new shares is determined
Managers: DNB Markets, a part of DNB Bank ASA and Nordea Bank Abp, filial i Norge
Will the rights be listed: The Company will apply for listing of the subscription rights on the Oslo Stock Exchange
ISIN for the preferential rights: To be announced when clarified
Other information: The subscription price for the new shares to be issued in the Rights Issue, and thus the final number of new shares and the exact amount of the share capital increase will be proposed by the board of directors, based on a recommendation from the managers, the day prior to the extraordinary general meeting to be held on 17 August 2023 (the "EGM"). See the stock exchange announcement published earlier today, on 14 July 2023, for further information regarding the Rights Issue. The rights issue is subject to approval by the EGM. Notice of the EGM will be sent on 27 July 2023.
For further information, please contact:
Investor Relations
Tolle O. R. Grøterud
Tel: +47 90 27 29 59
E-mail: ir@xxlasa.com
Press contact:
Andreas Nyheim
Phone: + 47 952 11 779
Email: 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.