Norway IPO Documents/ Announcements
Access to the information and documents of this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.
Important Information
Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.
The information contained in this section of the website of Norske Skog ASA (the "Company") (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to (i) "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act")) ("QIBs") or (ii) persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the "United States"), Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Company in the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.
The securities of the Company referred to in this section of the website (the "Securities") have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of the Securities in the United States. Any Securities sold in the United States will be sold only to QIBs in reliance on an exemption from the registration requirements of the Securities Act. Furthermore, the securities have not been and will not be registered under the applicable securities laws of Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.
Any investment or investment activity to which this information relates is available only to, and will be engaged in only with, persons who (i) are outside the United Kingdom, (ii) are investment professionals falling within Article 19(5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be engaged with, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on these documents or any of their contents.
The information and documents on this portion of the website are advertisements and do not constitute a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any amendments thereto and any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive").
In any EEA Member State that has implemented the Prospectus Directive, the information and documents on this portion of the website are only addressed to and are only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained in this section of the Company’s website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been or will be obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.
I therefore certify that:
- I am a QIB in the United States or am a resident and physically present in a country outside the United States, Australia, Canada, the Hong Kong Special Administrative Region of the People's Republic of China and Japan
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Due to applicable legal restrictions, the information contained in this section of the website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part, in or into the United States of America, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, or any other jurisdiction in which such release, publication or distribution would be unlawful. We apologize for any inconvenience this may cause. Click here to return to the homepage.
Important Information
Access to the information and documents on this portion of the website is restricted for regulatory reasons. You are requested to review the following information and make the following confirmation each time you seek to access this restricted information. Your confirmation must be true and accurate.
The information contained in this section of the website of Norske Skog ASA (the "Company") (a) is only intended for, and may only be accessed by, or distributed or disseminated, directly or indirectly, in whole or in part, to (i) "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act of 1933, as amended (the "Securities Act")) ("QIBs") or (ii) persons resident and physically present outside the United States of America (including its territories and possessions, any state of the United States and the District of Columbia, the "United States"), Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China or Japan, and resident and physically present in a jurisdiction where to do so will not constitute a violation of the local securities laws or regulations of such jurisdiction, and (b) does not constitute an offer to sell or the solicitation of an offer to buy or acquire any securities of the Company in the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, or any other jurisdiction where to do so might constitute a violation of the local securities laws or regulations of such jurisdiction.
The securities of the Company referred to in this section of the website (the "Securities") have not been and will not be registered under the Securities Act or with any securities regulatory authority of any state of the United States for offer or sale as part of their distribution and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction of the United States. There will be no public offering of the Securities in the United States. Any Securities sold in the United States will be sold only to QIBs in reliance on an exemption from the registration requirements of the Securities Act. Furthermore, the securities have not been and will not be registered under the applicable securities laws of Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan, or any other jurisdiction in which it would be unlawful or would require registration or other measures, and therefore may not be offered or sold to or for the account or benefit of any person having a registered address in, or located or resident in, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, Japan or any other jurisdiction in which it would be unlawful or would require registration or other measures.
Any investment or investment activity to which this information relates is available only to, and will be engaged in only with, persons who (i) are outside the United Kingdom, (ii) are investment professionals falling within Article 19(5) of the U.K. Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be engaged with, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The Securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on these documents or any of their contents.
The information and documents on this portion of the website are advertisements and do not constitute a prospectus for the purposes of Directive 2003/71/EC (such Directive, together with any amendments thereto and any applicable implementing measures in the relevant home Member State under such Directive, the "Prospectus Directive").
In any EEA Member State that has implemented the Prospectus Directive, the information and documents on this portion of the website are only addressed to and are only directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
Access to the information contained on this portion of the website may be illegal in certain jurisdictions, and only certain categories of persons may be authorized to access such information and documents. All persons who wish to have access to the documents contained in this section of the Company’s website should first ensure that they are not subject to local laws or regulations that prohibit or restrict their right to access this section of the website, or require registration or approval for any acquisition of securities by them. No such registration or approval has been or will be obtained. The Company assumes no responsibility if there is a violation of applicable law and regulations by any person.
I therefore certify that:
- I am a QIB in the United States or am a resident and physically present in a country outside the United States, Australia, Canada, the Hong Kong Special Administrative Region of the People's Republic of China and Japan;
- I am authorized to access the information and documents contained on this part of the website without being subject to any legal restrictions and without further actions required by the Company; and
- I have read, understand and agree to comply with all of the restrictions set forth above.
Blokkert artikkel
The Ministry of Climate and Environment amends The Norwegian Environment Agency's decision of 19 December 2013 on the basis for CO2 compensation for Norske Skog Saugbrugs AS. The changes are that Saugbrugs will not receive a reduction in CO2- compensation for the years 2018, 2019 and 2020.
Sven Ombudstvedt, Chairman of the Board and Chief Executive Officer (CEO) of Norske Skog, commented:
- This is a very gratifying message, and I would like to pay tribute to the Government, which has used the legal scope here to provide one of the world's most climate-friendly paper mills with CO2 compensation in line with other qualified industries”.
Norske Skog’s long-term strategy remains to improve the core business, to convert certain of the Group’s paper machines and to diversify the business within the bioenergy, fibre and biochemical markets.
Kjell Arve Kure, Managing Director of Norske Skog Saugbrugs AS says:
- The significant competitive disadvantage Saugbrugs has had since 2012, compared to our largest competitors, is now eliminated. The future CO2-compensation depends on the CO2 quota price, but for the years 2018 and 2019 the compensation for us amounts to NOK 32 million and NOK 86 million respectively. The government's decision to give us CO2-compensation is thus a significant contribution to maintaining the existing business and investing in new forward-looking business in synergy with the paper production.”
Norske Skog Saugbrugs is currently exploring the opportunity to create new, promising bio-based products. Already in 2016, biogas production commenced based on waste streams from paper production, which is delivered to local public transportation. Research and development work is now taking place concerning wood based construction board, biocomposites and nanocellulose (MFC) in collaboration with other industrial companies and with support from, among others, Enova, Innovation Norway and the Research Council of Norway.
In a press conference today the Minister of Climate and Environment Ola Elvestuen, Minister of Industry Torbjørn Røe Isaksen, CEO Sven Ombudstvedt and MD of Saugbrugs Kjell Arve Kure was present. Along with the Mayor of Halden Thor Edquist they elaborated on the very positive decision made.