Polygon Statement Regarding Evry ASA Public Offering

LONDON, June 22, 2017 /PRNewswire/ -- Polygon Global Partners LLP (Polygon) acts as investment manager to funds and accounts that have been investors in Evry ASA (Evry) since November 2010.  Polygon welcomes Evry's public offering and stock exchange listing and related actions taken by the company to reintroduce adequate corporate governance and transparency that were diminished in 2015 and 2016.  Evry's shareholders will be well aware of Polygon's many efforts to resist the company's delisting and push for protections for Evry's minority shareholders, including proper independence on its board of directors. 

Prior to the public offering on Wednesday, funds and accounts managed by Polygon held 31,444,554 Evry shares, representing approximately 11.7% of the share capital in the company – or 8.5% after giving effect to the dilution of the offering.  Polygon was not a selling shareholder in the public offering because it believes that the listing price deeply undervalued Evry and its long-term prospects.  Post the offering, funds and accounts managed by Polygon have acquired an additional 2,000,000 Evry shares and the aggregate holding now represents approximately 9.0% of the share capital of the company.

Polygon does not expect to make any additional statements regarding its acquisitions or dispositions of Evry shares other than as required by applicable law.

Contact:
Yuko Thomas
44-20-7901 8327
[email protected]

SOURCE Polygon Global Partners LLP