SpareBank 1 SMN: Approved prospectus and start of subscription period
(Thomson Reuters ONE) -
Not for release, publication or distribution in the United States, Canada,
Australia or Japan.
The Financial Supervisory Authority of Norway on 8 March 2012 approved the
prospectus in connection with the following offerings in SpareBank 1 SMN:
* Public rights offering of 28,477,170 new equity certificates at a
subscription price of NOK 26 per equity certificates
* Employee offering of up to 2,307,692 new equity certificates at a
subscription price of NOK 26 per equity certificate
Equity certificate holders as of the expiry of 6 March 2012, as registered as
holders of equity certificates in the savings bank's register of equity
certificate holders with the VPS as of 9 March, will receive 0.3 subscription
rights per equity certificate, rounded down to the nearest whole subscription
right. One (1) subscription right will entitle the holder to subscribe for and
be allocated one new equity certificate. Oversubscription will be permitted. The
subscription rights are freely tradable and will be listed on Oslo Børs during
the subscription period. The subscription period commences 12 March and ends on
26 March 2012 at 1730.
Time-table for the public rights offering:
12 March at 0900 to Subscription period
26 March 2012 at 1730
12 March at 0900 to Trading in subscription rights
26 March 2012 at 1730
30 March 2012 Allocation of new equity certificates
and distribution of allocation letters
3 April 2012 Payment date for the new equity
certificates
On or about 12 April 2012 Listing and commencement of trading in the new
equity certificates issued
For complete information of the rights offering and the employee offering,
including information about risk factors, see the prospectus.
SpareBank 1 Markets acts as Global Coordinator and Bookrunner, and SpareBank 1
SMN Markets and Swedbank First Securities act as Joint Lead Managers for the
above mentioned transactions.
The prospectus will be made available at the managers' and the bank's websites;
www.sb1markets.no, www.first.no and www.smn.no in due time before the
subscription period. The prospectus is also available on request to the bank and
the managers.
Trondheim, 8 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#1592449]
Unternehmensinformation / Kurzprofil:
Datum: 08.03.2012 - 11:50 Uhr
Sprache: Deutsch
News-ID 123231
Anzahl Zeichen: 5096
contact information:
Town:
Trondheim
Kategorie:
Business News
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"SpareBank 1 SMN: Approved prospectus and start of subscription period"
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SpareBank 1 SMN (Nachricht senden)
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