Must not be issued, published nor distributed, neither directly nor indirectly, in the USA, Canada, Japan, Australia or in any other jurisdiction in which such distribution or publication is illegal or unlawful.
This communication shall not constitute an offer to sell, nor an invitation to offer to purchase any securities in the USA or in any other jurisdiction in which such an offer, invitation or sale would be illegal or unlawful.
SEAS-NVE A.m.B.A (“SEAS-NVE”) announces that as of today’s date the company has sold 9,532,013 shares in Ørsted A/S (”Ørsted”) corresponding to DKK 6,148,148,385 and 2.27 per cent of the shares in Ørsted.
The background for the sale of shares is that on 18 September 2019, SEAS-NVE concluded a contract with Ørsted for the acquisition of Radius Elnet as well as Ørsted’s residential customer and outdoor lighting businesses.
Thus, through the sale of shares in November 2019, the company secured the first step and with today’s sale of shares the final part of the long-term financing of Radius Elnet as well as Ørsted’s residential customer and outdoor lighting businesses is now secured.
At the same time, SEAS-NVE announced that over the coming 12 months the company would reduce its ownership interest in Ørsted.
As of today’s date, SEAS-NVE still holds 21,061,093 shares in Ørsted corresponding to 5.01 per cent of the shares in Ørsted and thus remains a significant shareholder in Ørsted.
CEO of SEAS-NVE Jesper Hjulmand comments on the sale:
”SEAS-NVE has experienced a considerable increase in value of its shareholding in Ørsted, based on the company’s very positive development. Today we realise part of this increase in value as part of a partial financing of the acquisition of Radius Elnet as well as Ørsted’s residential customer and outdoor lighting businesses. We believe in the green transition, both from the point of view of society and business, and our ownership interest in Ørsted is evidence of our continued and full support for the company’s strategy and our joint long-term efforts to reduce the emission of CO2.”
This communication shall not constitute, nor be part of, an offer to sell, nor an invitation to offer to purchase, any securities in the USA. The securities to which reference is made in this communication are not and will not be registered pursuant to the U.S. Securities Act of 1933, as amended (“Securities Act”) and may not be offered nor sold in the USA, unless otherwise excepted from or where this is made in a transaction that is not governed by the registration requirements under the Securities Act. Nor is there any intention of making a public offering of the securities in the USA.
The securities must not and will not be offered nor sold in Canada, Japan nor Australia.
As regards the member states of the European Economic Area which are subject to Regulation (EU) 2017/1129 (and any applied implementing measure referred to as ”the Prospectus Regulation”) (each a ”Relevant Member State”), there is not and will not be made an offer regarding the securities to the public which would give rise to the drawing up of a prospectus in a Relevant Member State. As a consequence of this, any offer or sale of the securities mentioned in this communication in a Relevant Member State may only take place in compliance with an exception under the Prospectus Regulation.
This communication is exclusively addressed to and directed at persons in the Relevant Member States of the European Economic Area which are ”qualified investors” under Article 2(e) of the Prospectus Regulation (”Qualified Investors”).
In the United Kingdom, this communication is only directed at Qualified Investors, (i) which are ”investment professionals”, as defined in Article 19(5) of the Financial Services and Markets Act 2000) (Financial Promotion) Order 2005, as amended or (ii) persons which are defined in Article 49(2)(a)-(d) (“high net worth companies, unincorporated associations etc.”) of the Financial Services and Markets Act 2000) (Financial Promotion) Order 2005 (collectively referred to as ”Relevant Persons”). Persons who are not Relevant Persons should in no case assert or act upon the contents of this communication. Any investment or investment activity in the United Kingdom to which this communication pertains is only available to and will exclusively be directed at Relevant Persons.
In Denmark, this press release is only directed at persons who are Qualified Investors.