REC: Result of subsequent offering
(Thomson Reuters ONE) -
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR
SWITZERLAND, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR
RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY
OF THE SECURITIES DESCRIBED HEREIN.
Sandvika, September 4, 2012: Reference is made to the stock exchange
announcement dated July 27, 2012 and the prospectus dated July 27, 2012 (the
"Prospectus") regarding, inter alia, the subsequent offering ("Subsequent
Offering") of minimum 1 and maximum 250,000,000 new shares (the "Offer Shares")
at a subscription price of NOK 1.50 per Offer Share in Renewable Energy
Corporation ASA ("REC" or the "Company"). The subscription period for the
Subsequent Offering expired on September 3, 2012 at 16:30 hours (CET) and the
Subsequent Offering was over-subscribed by approximately 13 percent.
Based on the subscriptions received and the allocation principles set out in the
Prospectus, a total of 250,000,000 Offer Shares have been allocated to the
subscribers at a price per Offer Share of NOK 1.50.
Notice of allocation of Offer Shares and the corresponding amount to be paid by
each subscriber will be sent to the subscribers on September 4, 2012. Payment
for the allocated Offer Shares falls due on September 7, 2012 (the "Payment
Date"), and all subscribers allotted Offer Shares must ensure that sufficient
funds are available in the bank account stated in the subscription form from and
including the date falling two banking days prior to the Payment Date. Following
the registration of the share capital increase pertaining to the Subsequent
Offering with the Norwegian Register of Business Enterprises, the Company's
share capital will be NOK 2,113,818,785, divided into 2,113,818,785 shares, each
with a nominal value of NOK 1.00. The Offer Shares will automatically be listed
on Oslo Børs at the time of such registration, expected to take place on or
about September 10, 2012.
The Offer Shares may not be transferred or traded until they are fully paid by
the individual subscriber.
For further details regarding the Subsequent Offering, reference is made to the
Prospectus.
Arctic Securities ASA (Coordinator), DNB Markets, a part of DNB Bank ASA and
Nordea Markets, a part of Nordea Bank Norge ASA, act as joint lead managers and
bookrunners for the Subsequent Offering (collectively, the "Managers").
For further information, please contact
Mikkel Tørud, VP & IRO, phone: +47 976 99 144
Important notice
This announcement is not an offer for sale of securities in the United States or
any other country in which such offer would be unlawful or would require a
prospectus, registration or other measures. The securities referred to herein
have not been registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act"), and may not be sold in the United States
absent registration or pursuant to an exemption from registration under the U.S.
Securities Act. REC does not intend to register any portion of the offering of
the securities in the United States or to conduct a public offering of the
securities in the United States. Copies of this announcement are not being made
and may not be distributed or sent into the United States, Canada, Australia,
Hong Kong, Japan or Switzerland, or any other jurisdiction in which such
distribution would be unlawful or would require registration or other measures.
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: Renewable Energy Corporation ASA via Thomson Reuters ONE
[HUG#1638462]
Unternehmensinformation / Kurzprofil:
Datum: 04.09.2012 - 08:43 Uhr
Sprache: Deutsch
News-ID 179764
Anzahl Zeichen: 4676
contact information:
Town:
Sandvika
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"REC: Result of subsequent offering"
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