Groupe Bruxelles Lambert launches sale of up to 18.1 million shares of Mowi ASA

OSLO, NORWAY: Groupe Bruxelles Lambert SA (GBL), an investment holding company listed on Euronext Brussels, through its wholly-owned subsidiary Owen Capital S.à.r.l., announces the launch of an accelerated bookbuilding process to institutional investors of up to approximately 18.1 million ordinary shares (the “Offering”) of Mowi ASA.

The Offering corresponds to approximately 3.5% of Mowi’s share capital.

The transaction would represent the disposal of approximately 50% of GBL’s stake in Mowi and is part of the group’s ongoing portfolio rotation strategy.

The accelerated bookbuilding process will start immediately. The sale price as well as the total number of shares sold will be announced upon completion of the Offering, which is expected prior to market opening on June 22, 2022. Following the settlement of the Offering, GBL expects to hold approximately 18.1 million Mowi shares, equivalent to 3.5% of the company’s share capital.

In the context of the Offering, GBL intends to enter into a lock-up agreement relating to its remaining Mowi shares, lock-up of which is expected to end after a period of 90 calendar days from the settlement date of the Offering, subject to certain exceptions or waiver by the Bookrunner.

Goldman Sachs Bank Europe SE is acting as Sole Bookrunner of the transaction.

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