DONG Sees Overallotment Option Fully Exercised

Morgan Stanley & Co International plc. has, in its capacity as stabilising manager in the initial public offering (IPO) and listing of DONG Energy A/S, exercised the overallotment option on behalf of the managers to purchase all of the additional shares at the offer price of DKK 235 (EUR 31.6) per share.

The selling shareholders, other than the Kingdom of Denmark and SEAS-NVE Holding A/S, granted the managers an overallotment option of an additional 10,925,159 shares, equal to 15% of the final number of shares sold in the IPO, excluding any shares comprised by the overallotment option. The overallotment option was exercisable in whole or in part until 8 July 2016.

As a result of the overallotment option, the total number of shares offered in the IPO amounts to 83,759,552, thereby increasing the total offering size from DKK 17.1 billion to DKK 19.7 billion (EUR 2.65bn). The overallotment option is equivalent to 2.6% of the company’s share capital. Overall, 20% of the company’s shares have been allocated to new shareholders.

DONG has also received notification from Morgan Stanley & Co that the stabilisation period has ended and that no stabilisation transactions have been taken in the shares of DONG during the stabilisation period.