SpareBank 1 SMN: Preliminary result of the offerings
(Thomson Reuters ONE) -
Not for release, publication or distribution in the United States, Canada,
Australia or Japan.
The subscription period in the rights offering and the employee offering at
SpareBank 1 SMN expired Monday 26 March 2012 at 1730 hours (CET). A preliminary
count shows that by the expiry of the subscription period SpareBank 1 SMN had
received subscriptions for about 41,525,410 new equity capital certificates in
the rights offering. 28,477,170 new certificates were offered, and the rights
offering has consequently been oversubscribed by about 46 percent.
The employee offering also attracted considerable interest. According to the
preliminary count, the employees subscribed for a total of about 814,010 new
equity capital certificates distributed on 387 employees. The overall subscribed
amount is about NOK 21.2 million.
The final allocation of equity capital certificates offered in the rights
offering and the employee offering will be adopted by the CEO and the Chairman
of the Board of Directors of SpareBank 1 SMN on Friday, 30 March 2012. The
allocation will be carried out in conformity with the allocation criteria set
forth in the prospectus dated 8 March 2012. The final subscription result will
be published by notice via the Oslo Stock Exchange on 30 March 2012. On the same
day, there will be sent letters concerning the allocation of new equity capital
certificates and the corresponding subscription amount to be paid by each
subscriber.
Trondheim, 27 March 2012
Contact persons at SpareBank 1 SMN:
CFO Kjell Fordal; mob +47 905 41 672
Head of Corporate Communications Hans Tronstad; mob + 47 941 78 322
* * * * *
Disclaimer
This document does not constitute an offer to sell or the solicitation of an
offer to buy the securities of SpareBank 1 SMN (the "Securities") in the United
States or in any other jurisdiction outside Norway. The Securities may not be
offered or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended. The issuer of
the Securities has not registered, and does not intend to register, any portion
of the Offering in the United States or in any other jurisdiction outside of
Norway, and does not intend to conduct a public offering of the Securities in
the United States or in any other jurisdiction outside Norway. Copies of this
document are not being made and may not be distributed or sent into the United
States, Canada, Australia or Japan.
Forward-looking statements
This document includes "forward-looking statements" that involve risks,
uncertainties and other factors, many of which are outside of our control that
could cause actual results to differ materially from the results discussed in
the forward-looking statements. Forward-looking statements include statements
concerning our plans, objectives, goals, future events, performance and/or other
information that is not historical information. We undertake no obligation to
publicly update or revise forward-looking statements to reflect subsequent
events or circumstances after the date made, except as required by law.
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: SpareBank 1 SMN via Thomson Reuters ONE
[HUG#1597424]
Unternehmensinformation / Kurzprofil:
Datum: 27.03.2012 - 08:40 Uhr
Sprache: Deutsch
News-ID 128661
Anzahl Zeichen: 4137
contact information:
Town:
Trondheim
Kategorie:
Business News
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"SpareBank 1 SMN: Preliminary result of the offerings"
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