BWG Homes ASA: Approved Prospectus and listing of new shares
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
Reference is made to the stock exchange announcements dated 14 and 15 February
2012 regarding the private placement in BWG Homes ASA (the "Private Placement")
by way of issue of 34,782,608 new shares (the "Private Placement Shares") and
the resolution by the extraordinary general meeting of BWG Homes on 7 March
2012 to issue between 1 and 3,478,260 additional shares (the "Offer Shares") in
a subsequent repair issue (the "Offering").
Shareholders as of 14 February 2012 (the date of the Private Placement) who were
not invited to participate in the Private Placement will have priority on
allocation in the Offering for up to 0.134203 Offer Share per share owned 14
February 2012 in accordance with the allocation principles described in the
prospectus. Eligible shareholders will be granted non-transferrable subscription
rights. Oversubscription is permitted for eligible shareholders. Subscription
without subscription rights will not be permitted.
The Financial Supervisory Authority of Norway has approved the prospectus for
the Offering on 21 March 2012. The subscription period commences 22 March 2012,
and expires on 10 April 2012 at 17:30 (CET). The subscription price per Offer
Share is NOK 11.50, equal to the subscription price per Private Placement Share.
The Prospectus also comprises the listing of the 34,782,608 Private Placement
Shares. Reference is made to the stock exchange notice dated 13 March 2012 where
BWG Homes reported increase of its registered share capital by NOK 34,782,608,
equivalent to 34,782,608 shares. The Private Placement Shares will be listed on
Oslo Børs on 22 March 2012. The Private Placement Shares have been registered in
the Norwegian Central Securities Depository (VPS) with an ISIN-number separate
from BWG Homes' listed shares, pending completion of the Prospectus by BWG Homes
and approval of the Prospectus by the Financial Supervisory Authority of Norway.
The total number of outstanding shares in BWG Homes and the total number of
listed shares after listing of the Private Placement Shares are 133,058,608. All
shares in the company will, as of 22 March, be registered under the same ISIN-
number in VPS.
The Prospectus is distributed to BWG Homes' shareholders and is also available
from 09:00 (CET) on 22 March 2012 at www.bwghomes.no, www.arcticsec.no and at
the offices of BWG Homes and the manager.
Arctic Securities ASA has been engaged as manager for the Offering.
For further information, please contact
Lars Nilsen, CEO, tel. +47 23 24 60 00
Arnt Eriksen, CFO, tel. +47 23 24 60 37, +47 922 14 625
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: BWG Homes ASA via Thomson Reuters ONE
[HUG#1596224]
Datum: 21.03.2012 - 15:16 Uhr
Sprache: Deutsch
News-ID 127149
Anzahl Zeichen: 3686
contact information:
Kategorie:
Business News
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"BWG Homes ASA: Approved Prospectus and listing of new shares"
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