Viking Line Abp’s rights offering oversubscribed

The preliminary result of Viking Line Abp’s (“Viking Line” or the “Company”) rights offering (the “Offering”), for which the subscription period ended 21 December 2021, indicates that 6,294,153 shares, corresponding to approximately 97.1 percent of the new shares offered (the “Offer Shares”) were subscribed for pursuant to the exercise of subscriptions rights. Additionally, 2,289,917 Offer Shares were subscribed for without subscription rights. Thus, a total of 8,584,070 shares were subscribed for in the Offering, corresponding to approximately 132.5 percent of the Offer Shares, and the Offering is therefore oversubscribed. The subscription price was EUR 8.00 per Offer Share. As a result of the Offering, Viking Line will receive proceeds amounting to approximately EUR 51.8 million before taking into account any transaction costs in relation to the Offering.

Viking Line’s President and CEO Jan Hanses comments: ”We are happy with the confidence shown by our shareholders. The interest has been extensive among the public and our own personnel as well. The result indicates a great interest in our company. With our new climate-smart vessel VIKING GLORY, which represents a brand-new generation of vessels, we will be strong in the future.”

The final results of the Offering will be published on or about 28 December 2021 after the Board of Directors of the Company has approved the subscriptions made in the Offering. Allotment of Offer Shares will be made in accordance with the terms and conditions of the Offering. As a result of the Offering, the total number of shares in the Company will increase by 6,480,000 from 10,800,000 to 17,280,000.

The Offer Shares will be registered with the Finnish Trade Register on or about 29 December 2021. The last day of trading in interim shares on Nasdaq Helsinki will be on or about 28 December 2021. Interim shares will be combined with the existing shares of the Company on or about 29 December 2021. Trading in the Offer Shares is expected to commence on Nasdaq Helsinki on or about 30 December 2021.

The Offer Shares will entitle their holders to possible dividend and other distribution of funds, if any, and to other shareholder rights in the Company after they have been registered with the Finnish Trade Register and recorded in the Company’s shareholder register maintained by Euroclear Finland.

Nordea Bank Abp acts as the Sole Global Coordinator and lead manager of the Offering. Hannes Snellman Attorneys Ltd acts as legal advisor to the Company in connection with the Offering.

Dec 23 2021