Orkla ASA : Orkla annonserer børsnotering av Gränges. Aksjene forventes å bli notert på NASDAQ OMX Stockholm den 10. oktober

IKKE FOR DISTRIBUSJON ELLER OFFENTLIGGJØRING, DIREKTE ELLER INDIREKTE, I USA,

CANADA, JAPAN ELLER AUSTRALIA.

Det vises til børsmelding fra Orkla den 10. september 2014 vedrørende intensjonen om å børsnotere Gränges AB (publ) ("Gränges") på NASDAQ OMX Stockholm, herunder Orklas planlagte salg av aksjer i Gränges gjennom et offentlig tilbud ("Tilbudet"). Orkla har nå besluttet å lansere Tilbudet. Under forutsetning av at Tilbudet gjennomføres som planlagt, forventes det at aksjene i Gränges vil bli tatt opp til notering på NASDAQ OMX Stockholm den 10. oktober 2014.

Peter A. Ruzicka, konsernsjef i Orkla sier:

"I tråd med Orklas langsiktige strategi om å være et rendyrket merkevareselskap, har vi besluttet å invitere andre investorer til å ta del i Gränges' videre utvikling. Vi tror at en børsnotering av Gränges vil gi selskapet økt strategisk og operasjonell fleksibilitet. En bredere eierbase kommer til å gi Gränges tilgang til svenske og internasjonale kapitalmarkeder, og dermed bidra til selskapets videre vekst og utvikling."

Kort om tilbudet

  • Orkla Industriinvesteringar AB, et heleid datterselskap av Orkla ASA, er selger av aksjene.
  • Tilbudet rettes mot allmennheten i Sverige og Norge samt mot institusjonelle investorer.
  • Tilbudet omfatter 44,8 millioner aksjer i Gränges, tilsvarende 60 prosent av totalt antall aksjer i selskapet.
  • Orkla har forbeholdt seg retten til å utvide Tilbudet ved å selge opp til ytterligere 9,0 millioner aksjer, tilsvarende 12 prosent av totalt antall aksjer i selskapet. I tillegg har Orkla tildelt dets finansielle rådgivere en opsjon til å selge inntil 8,1 millioner aksjer, tilsvarende opp til 15 prosent av totalt antall aksjer i Tilbudet (ca 11 prosent av totalt antall aksjer i selskapet).
  • Dersom Orkla velger å utvide Tilbudet fullt ut samt at opsjonen gitt de finansielle rådgiverne blir benyttet i sin helhet, vil Tilbudet omfatte totalt 61,8 millioner aksjer, tilsvarende ca 83 prosent av totalt antall aksjer i selskapet.
  • Det forventes at endelig pris for aksjene vil ligge i intervallet SEK 42-50 per aksje ("Tilbudsprisen"), tilsvarende en markedsverdi for alle aksjer utstedt av Gränges på omtrent SEK 3,1 - 3,7 milliarder. Tilbudsprisen forventes å bli annonsert 10. oktober 2014.
  • Prospekt med fullstendige vilkår er offentliggjort i dag 29. september 2014 på Orklas nettsider www.orkla.no og Gränges' nettsider www.granges.com.

           

For ytterligere informasjon om Tilbudet, vennligst se vedlagt pressemelding fra Gränges.

Indikativ fremdriftsplan

30. september - 8. oktober 2014             Tegningsperiode for allmennheten i Sverige og Norge

30. september - 9. oktober 2014             Bookbuilding-periode for institusjonelle investorer

10. oktober 2014                                            Offentliggjøring av endelig tilbudspris

10. oktober 2014                                            Første handelsdag for aksjene på NASDAQ OMX Stockholm

14. oktober 2014                                            Oppgjør


Det gjøres oppmerksom på at norske og svenske aksjonærer i Orkla som er registrert i aksjeeierboken per 25. september 2014, og som tegner seg for aksjer i Tilbudet rettet mot allmennheten, kan gis prioritering i tildelingsprosessen. Allmennheten i Norge kan kun tegne seg for aksjer i Tilbudet gjennom Nordnet (www.nordnet.no). For ytterligere informasjon om prosedyren for tegning av aksjer, henvises det til prospektet og tegningsskjemaer.

Carnegie og SEB er Joint Global Coordinators og Joint Bookrunners i forbindelse med Tilbudet. Danske Bank og Handelsbanken Capital Markets er også Joint Bookrunners.

Orkla ASA,

Oslo, 29. september 2014

For ytterligere informasjon, vennligst kontakt:

Rune Helland, SVP Investor Relations
Tel: +47 97 71 32 50

About Gränges

Gränges is a leading global supplier of rolled products for brazed aluminium heat exchangers used primarily in automotive applications. The Company develops, produces and markets materials that enhance both the production economy during the customer manufacturing process as well as the performance of the final products, the brazed heat exchangers. Gränges' vision is to help create smaller, lighter and more designable heat exchangers to increase economic efficiency and reduce environmental impact. Gränges operates through three geographical regions: Europe, Asia and Americas with production, research and development in Finspång, Sweden, and Shanghai, China. Through sales and technical support offices in the U.S., India, Japan, South Korea and an agent in Brazil, the Company serves customers worldwide. Gränges has a global leading position in its market niche with an estimated total market share of approximately 20 per cent.

A short summary of Gränges' financial performance is provided below.

H1 2014 H1 2013 2013 2012
Net sales (SEKm) 2,333 2,473 4,642 4,946
Sales volume (ktonnes) 83.1 81.8 158.6 151.7
Adjusted operating profit 1. (SEKm) 254 189 371 362
Adjusted operating profit margin (%) 10.9% 7.6% 8.0% 7.3%

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA

DISCLAIMERS

This announcement is not an offer to buy any securities issued by Gränges AB (publ) (the "Company") in any jurisdiction where such offer or sale would be unlawful.

In any EEA Member State, other than Sweden and Norway, that has implemented Directive2003/71/EC as amended (together with any applicable implementing measures in any member State, the "Prospectus Directive"), this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.

This document and the information contained herein are not for distribution in or into the United States of America. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it.

Any offering of securities will be made by means of a prospectus that may be obtained from the issuer or selling security holder and that will contain detailed information about the Company and management, as well as financial statements. This document is an advertisement and not a prospectus for the purposes of the Prospectus Directive.  Investors should not subscribe for any securities referred to in this document except on the basis of information contained in the prospectus.

Matters discussed in this release may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate," "intends," "estimate," "will," "may," "continue," "should" and similar expressions.  The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions.  Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control.  Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this release speak only as at its date, and are subject to change without notice.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.


1. Operating profit adjusted for other income and expenses.

Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12