Ordina N.V. issues 216,079 shares
(Thomson Reuters ONE) -
Nieuwegein, the Netherlands, 19 August 2010
Highlights
· Ordina N.V. has recently made the second interest payment on the
subordinated loan contracted in 2009 via a payment in cash.
· In this context, Ordina N.V. has decided to issue 216,079 new ordinary
shares under the existing underwriting agreement. The share issue represents a
total value of EUR 618,750.- and corresponds with about 0.43% of the present
share capital outstanding.
· The shares will be acquired by ING Corporate Investments, Delta Lloyd
and NIBC.
Cause for the share issue
As part of renewing its financing facilities, Ordina N.V. contracted a
subordinated loan in 2009. It also concluded a separate underwriting agreement
with ING Corporate Investments, Delta Lloyd and NIBC under which Ordina, at its
discretion, has the option to issue shares to these companies - proportionate to
their participation in the subordinated loan - at the then prevailing share
price subject to a 6% discount. Ordina N.V. is free to use the proceeds of such
share issues how it sees fit, amongst which to offset the cash-out effect of the
interest and repayment obligations.
At the time of the first interest payment, at the end of June 2010, Ordina opted
not to issue shares under the existing underwriting agreement. This choice was
prompted in part by the fact that, given the amount of the interest payment, a
potential share issue would use up much of the share-issuing potential granted
by the Annual General Meeting of Shareholders. In view of the relatively limited
scale of the current share issue, this time it was decided to issue new shares.
Another factor that was considered is that the company wishes to have all the
flexibility it needs to be able to grasp investment opportunities in the market
as they present themselves.
Details of the share issue
Ordina N.V. will retain the proceeds from the share issue, thereby offsetting
the cash-out effect of the second interest payment on the subordinated loan. A
total of 216,079 new ordinary shares in Ordina N.V. will be issued as of 20
August 2010. This represents an increase of about 0.43% in the outstanding share
capital. The shares will be issued at a price of EUR 2.86 per share.
About Ordina
With our more than 3,900-strong workforce in the Benelux, Ordina aims to improve
the business processes of enterprises by providing advisory services,
developing, implementing, integrating and managing ancillary applications or
taking on a wide range of business processes, including ICT support. Ordina N.V.
was incorporated in 1973. Its shares are listed on Amsterdam's Euronext Stock
Exchange, where they are included in the Midkap Index.
For more information, please contact:
Ordina N.V.
Saskia Huuskes, Corporate Communications Director
Tel: +31 (0)30 663 7402
www.ordina.nl
This announcement is not an offer to sell or a solicitation of any offer to buy
Ordina securities (the "Securities") in the United States or in any other
jurisdiction.
The Securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended (the "Securities Act"), and shall not be
offered or sold in the United States or to, or for the account or benefit of,
U.S. persons (as such term is defined in Regulation S under the Securities Act)
unless registered under the Securities Act or exempted from such registration.
No public offering of Ordina Securities is being made in the United States or in
any other jurisdiction.
[HUG#1439041]
19082010 Press Release Ordina N.V. issues 216,079 shares:
http://hugin.info/130778/R/1439041/383478.pdf
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Source: Ordina via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 19.08.2010 - 18:15 Uhr
Sprache: Deutsch
News-ID 39844
Anzahl Zeichen: 0
contact information:
Town:
Nieuwegein
Kategorie:
Business News
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