Application for write-down of guarantee
Last published: 16 October 2025
If the offeror has included a reservation in the guarantee document regarding a write-down of the guarantee when the acceptance period expires, Finanstilsynet may, upon application, accept a write-down of the guarantee, cf. the Securities Regulations section 6-10, cf. section 6-3 (2).
About the application
The application shall contain the following information:
- Full name of the applicant.
- Full name of the guarantor.
- Information on whether the guarantee was issued in connection with a mandatory offer or compulsory acquisition.
- A statement showing:
- the number of shares in the target company,
- the offer price per share,
- the number of acceptances received,
- any shares purchased outside the offer,
- total accepted shares, and
- any rejected or disputed acceptances, or alternatively, confirmation that none exist.
- Default interest for four weeks calculated on the total outstanding amount of the guarantee after the write-down.
- Specification of the legal basis for the requested write-down of the guarantee, pursuant to Securities Regulations section 6-10 (1) (a), (b) and/or (c).
- A breakdown showing the amount by which the principal amount is requested to be written down under each of the relevant alternatives. It is not necessary to specify the amount of default interest for each alternative.
- Copy of a screenshot from VPS showing the number of acceptances received, stamped and signed by the settlement agent.
In applications for write-down of a guarantee in connection with compulsory acquisition, the application must also include:
- a copy of a screenshot from VPS documenting the settlement of the compulsory acquisition, stamped and signed by the settlement agent.
- confirmation from the settlement agent that the payments made in connection with the compulsory acquisition have been received.
- specification of the number of shares for which the settlement agent has received payments in return.
- documentation that the redemption amount for the remaining shares has been deposited into a separate and blocked account.
Processing of the application
Provided that the application with attachments is complete, Finanstilsynet aims to process applications for write-down guarantees within three to four business days.
Application for write-down of guarantees shall be addressed to Finanstilsynet at takeovers@finanstilsynet.no.