Norwegian Air’s top bosses sell rights to buy shares
The chairman and CE of Norwegian Air have said they will sell at a discount some of their rights to buy more shares as part of the NKr3b fundraising effort announced last month. HBK Holding, which owns 25% of the lossmaking airline and is controlled by chairman Bjorn Halvor Kise and CE Bjorn Kjos, will sell some of those rights for 70% of their theoretical value. Norwegian said buyers had committed to a total investment of NKr500m. The size of the heavily discounted rights issue is more than two-thirds of the airline’s equity value of NKr4.27b (US$496m), highlighting the scale of the problems Norwegian faces as it struggles to stay . The company denied their sale reflected a lack of faith in the airline on Kjos’ and Kise’s parts. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-02-19/unaligned/norwegian-air2019s-top-bosses-sell-rights-to-buy-shares
https://portal.staralliance.com/cms/logo.png
Norwegian Air’s top bosses sell rights to buy shares
The chairman and CE of Norwegian Air have said they will sell at a discount some of their rights to buy more shares as part of the NKr3b fundraising effort announced last month. HBK Holding, which owns 25% of the lossmaking airline and is controlled by chairman Bjorn Halvor Kise and CE Bjorn Kjos, will sell some of those rights for 70% of their theoretical value. Norwegian said buyers had committed to a total investment of NKr500m. The size of the heavily discounted rights issue is more than two-thirds of the airline’s equity value of NKr4.27b (US$496m), highlighting the scale of the problems Norwegian faces as it struggles to stay . The company denied their sale reflected a lack of faith in the airline on Kjos’ and Kise’s parts. <br/>
