Havyard Group Applies for IPO

Havyard Group to Launch IPO

Havyard Group ASA has submitted an updated application for listing of its shares on Oslo Børs, alternatively Oslo Axess.

It is expected that the stock exchange will consider the application in a meeting of its board of directors on June 18,  2014.

Subject to approval of the application and compliance with the listing criteria, the first day of trading is expected to be June 26, 2014.

In order to establish a new ownership structure, there will be a public offering of the company’s shares whereby investors are invited to purchase shares from the company’s largest shareholder, Havila Holding AS, which currently holds about 82.1 % of the shares.

In the offering, a minimum of 4,200,000 and a maximum of 6,250,000 shares will be offered at a fixed price of NOK36 ($6.01).


June 12, 2014


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