NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN
WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA,
JAPAN, HONG KONG OR THE UNITED STATES
(Oslo, Norway, 14 October 2016) Reference is made
to the stock exchange announcement dated 30 September 2016 and the
prospectus dated 30 September 2016 (the "Prospectus") concerning,
inter alia, the subsequent offering (the "Subsequent Offering") of
minimum 1 and maximum 13,333,334 new shares (the "Offer Shares") in
Hofseth BioCare ASA ("HBC" or the "Company", ticker "HBC"). The
subscription price in the Subsequent Offering is NOK 1.50, equal to
the subscription price in the NOK 165.4 million private placements
completed on 20 September 2016.
Subscription rights for participation in the
Subsequent Offering can be exercised during the ongoing
subscription period, which will expire Monday, 17 October 2016, at
16:30 CET.
The period for trading in subscription rights
(ticker "HBC-T") for the Subsequent Offering will also expire
Monday, 17 October 2016 at 16:30 CET.
Subscription Rights that are not exercised before
the end of the subscription period will have no value and will
lapse without compensation to the holder. Holders of Subscription
Rights should note that subscriptions for Offer Shares must be made
in accordance with the procedures set out in the Prospectus and
that holding Subscription Rights in itself does not represent a
subscription for Offer Shares.
You are strongly encouraged to read the Prospectus
carefully before deciding if you would like to subscribe in the
Subsequent Offering. The Prospectus and the subscription form for
the Subsequent Offering is available electronically at
www.hofsethbiocare.no and in hard copy at the Company's premises at
Molovegen 6, 6004 Ålesund, Norway. The form can be downloaded from
this URL:
http://www.hofsethbiocare.no/upload_images/A66EB1AAE0CB44A8830C04AA60A11489.pdf
For further information, please contact:
Jon Olav Ødegård, CFO of Hofseth BioCare ASA
Phone: +47 936 32 966
E-mail: joo@hofsethbiocare.no
About Hofseth BioCare ASA:
HBC is a Norwegian biotech company that offers high-value
ingredients and finished products for humans and pets. The company
is founded on the core values of sustainability, traceability and
optimal utilization of natural resources. Through an innovative
hydrolysis technology, HBC is able to preserve the quality of
salmon oil, proteins and calcium, prepared of fresh salmon
off-cuts. HBC's objective is to contribute to the efficient use of
marine resources and deliver quality products for ingredients and
finished consumer products in the nutrition market.
Hofseth BioCare's headquarters are located in
Ålesund, Norway with branches in Oslo, Chicago, Mumbai and Tokyo.
HBC is listed on Oslo Stock Exchange Axess list with ticker "HBC".
More information about Hofseth BioCare at www.hofsethbiocare.com
and www.facebook.com/hofsethbiocare.
This information is subject of the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.