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Mortyman
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Posts: 4782
Joined: Sat Aug 12, 2006 8:26 pm

Norwegian ceo and board chairman increases it's stake in Norwegian

Thu Sep 14, 2017 7:29 am

Chief Executive Officer and Board Chairman acquires Norwegian shares for 193 million NOK


Chief Executive Bjørn Kjos and Chairman Bjørn Kise in Norwegian buy Norwegian shares for NOK 193 million.

Chief Executive Officer Bjørn Kjos and Chairman Bjørn H. Kise in Norwegian buys 803,000 Norwegian shares at a price of NOK 240 per share through HBK Holding. This corresponds to a total of NOK 193 million.

Following this transaction, HBK Holding owns 9,598,873 shares in Norwegian, corresponding to approximately 26.8 percent. Kjos is a majority owner in HBK Holding, while Kise is co-owner and chairman.

Norwegian stock rises sharply on Oslo Stock Exchange just after opening hours Thursday. At the time of writing, the stock is 10.33 percent.

Kjos and Kise have been sitting on top of the Norwegian airline for a number of years, Kjos as top manager and Kise as chairman. The two companions also collected a part of their ownership in the company of a joint company, HBK Holding.

On Wednesday, HBK announced that it would buy even more shares in the airline and that Arctic Securities and Danske Bank were involved in the transaction.

https://www.dn.no/nyheter/2017/09/14/08 ... -millioner
 
oldannyboy
Posts: 1417
Joined: Wed Jun 15, 2016 8:28 am

Re: Norwegian ceo and board chairman increases it's stake in Norwegian

Thu Sep 14, 2017 10:34 am

I will not say anything about this.. I'll just await for the naysayers to wake up and start trolling around about Norwegian's no-hope-future and miserably ill-conceived expansion plans, and how unprofitable the company is...blah blah blah... You know, the usual winging about the company... and how they will tarnish the world of aviation...
 
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mooseofspruce
Posts: 42
Joined: Thu May 25, 2017 10:28 am

Re: Norwegian ceo and board chairman increases it's stake in Norwegian

Thu Sep 14, 2017 11:37 am

oldannyboy wrote:
I will not say anything about this.. I'll just await for the naysayers to wake up and start trolling around about Norwegian's no-hope-future and miserably ill-conceived expansion plans, and how unprofitable the company is...blah blah blah... You know, the usual winging about the company... and how they will tarnish the world of aviation...

This, pretty much. Fasten your seatbelts, we're in for a wild ride.
 
TerminalD
Posts: 339
Joined: Wed Apr 26, 2017 7:32 pm

Re: Norwegian ceo and board chairman increases it's stake in Norwegian

Thu Sep 14, 2017 1:13 pm

That's definitely a vote of confidence.

AA/DL/UA will say his great-great-great-grandfather was from Asia, so this amounts to foreign subsidies!!!!!!!!
 
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Dahlgardo
Posts: 247
Joined: Tue Sep 07, 2004 5:46 am

Re: Norwegian ceo and board chairman increases it's stake in Norwegian

Thu Sep 14, 2017 1:18 pm

Probably just a PR move to boost confidence in the company after the bad press recently.
Norwegian is still in a very vulnerable financial position.
leave your nines at home and bring your skills to the battle

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