NONG : Final result of offerings
(Thomson Reuters ONE) -
Both the rights offering and the employee offering at SpareBank 1 Nord-Norge
closed on Thursday 26 May 2011 at 1730hrs (Norwegian time). The final allocation
of new equity capital certificates is now available.
By the expiry of the subscription period, SpareBank 1 Nord-Norge had received
subscriptions for a total of 18.3 million new equity capital certificates in the
rights offering. 14,329,659 new equity capital certificates were offered, and
the rights offering was consequently oversubscribed by about 28 per cent. The
overall subscribed amount is about NOK 575 million.
13.5 million equity capital certificates, representing 94 per cent of the new
equity capital certificates in the rights offering, were subscribed for by the
exercise of subscription rights. 0.8 million equity capital certificates, or 6
per cent, were subscribed for through over-subscription with the use of
subscription rights.
In the employee offering, SpareBank 1 Nord-Norge received subscriptions for a
total of NOK 16.3 millions, equaling 572 thousand equity capital certificates
distributed on 280 employees.
The employee offering is part of the banks announced private placement of up to
NOK 150 million in addition to the rights offering. The private placement is
mainly planned as a placement towards the Sparebankstiftelsen SpareBank 1 Nord-
Norge.
The Main Board of Directors of SpareBank 1 Nord-Norge has at its meeting today
approved the final allocation of equity capital certificates in the offering.
The allocation has been carried out in accordance with the allocation criteria
set forth in the prospectus dated 9 May 2011. No allocation has been made to
subscribers without subscription rights.
Today a letter will be dispatched concerning the allocation of new equity
capital certificates and the corresponding subscription amount to be paid by
each subscriber. The subscription amounts fall due for payment on 3 June 2011;
see payment procedures described in the prospectus.
The new equity capital certificates may not be transferred or traded until they
have been paid for in full and the increase of capital has been registered with
the Register of Business Enterprises. Registration is expected to take place on
or about 8 June 2011. The new equity capital certificates will be transferred to
the VPS accounts of each individual subscriber on or about 9 June 2011 and will
concurrently be quoted on the Oslo Stock Exchange.
SpareBank 1 Nord-Norge will as a result of the rights offering receive proceeds
of NOK 451.4 million before deduction of transaction costs. The employee
offering gives SpareBank 1 Nord-Norge gross proceeds of NOK 16.3 million.
Arctic Securities, Argo Securities and SpareBank 1 Nord-Norge Markets acted as
managers for the rights offering.
Tromsø, 1 June 2011
Contact persons at SpareBank 1 Nord-Norge:
CEO Hans Olav Karde: +47 901 51 981
Deputy CEO Oddmund Åsen: +47 906 72 757
CFO Rolf Eigil Bygdnes: +47 905 19 774
About SpareBank 1 Nord-Norge:
SpareBank 1 Nord-Norge is a leading provider of financial products and services
within the retail banking and corporate banking markets and public sector
throughout the region. The Bank has a total customer base of around 244,000
retail banking customers, around 36,500 corporate customers, including public
sector agencies, clubs and associations, and around 101,000 insurance customers.
The Bank has 74 branch offices in Finnmark, Troms, Nordland and Svalbard.
In September 2010, SpareBank 1 Nord-Norge established banking operations in
Russia through North-West 1 Alliance Bank. SpareBank 1 Nord-Norge holds a 75
per cent ownership interest in the bank, while the remaining 25 per cent of the
shares is owned by SpareBank 1 Nord-Norge's Russian partner Bank Tavrichesky in
St. Petersburg. The new bank is headquartered in St. Petersburg and has a
branch office in Murmansk
This information is subject of the disclosure requirements pursuant to section
5-12 of the 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 Nord-Norge via Thomson Reuters ONE
[HUG#1520588]
Unternehmensinformation / Kurzprofil:
Datum: 01.06.2011 - 10:40 Uhr
Sprache: Deutsch
News-ID 55213
Anzahl Zeichen: 5053
contact information:
Town:
Tromsø
Kategorie:
Business News
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"NONG : Final result of offerings"
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