NPRO: Subsequent Offering
(Thomson Reuters ONE) - Reference is made to the stock exchange notices dated 10 June and 12June 2009 regarding the completed private placement and the plannedsubsequent offering of shares in Norwegian Property ASA ("Company" or"Norwegian Property").In accordance with the resolution made by the Company's extraordinarygeneral meeting held on 24 June 2009, the Board of Directors inNorwegian Property has resolved to conduct a subsequent offering (the"Subsequent Offering") with preferred allocation to shareholders inNorwegian Property as per 10 June 2009, except shareholders who wereinvited to participate in the private placement of shares conductedin June 2009, their respective affiliates and shareholders who arerestricted from participation due to laws and regulations (the"Eligible shareholders"). Also other investors may subscribe.The Subsequent Offering will consist of up to 50,000,000 SubsequentOffering Shares at a subscription price of NOK 6.00 per Share(equalling the price set in the Private Placement), raising up to NOK300 million in gross proceeds. The allocation principles will befurther described in the prospectus.Eligible Shareholders will be given a preferred right to allocationof 0.5 Subsequent Offering Shares per Share owned as per 10 June 2009(record date). Norwegian Property will issue 0.5 non-transferablesubscription rights to Eligible Shareholders per share owned as perrecord date. One (1) subscription right will give the right to beallocated one (1) new Subsequent Offering Share.The Subscription Period is expected to start on 12 August 2009 andend on 24 August 2009 17:30 hours (CET).In connection with the Subsequent Offering, the Company is preparinga prospectus expected to be approved by Oslo Børs on or about 11August 2009. The prospectus will be available and free of charge atNorwegian Property's and the Managers' website and offices. Theprospectus including the subscription form will also be sent byregular mail to all Eligible Shareholders.Norwegian Property will host an investor meeting at the FelixConference Center at Aker Brygge, Oslo on Friday 14 August at 11:30am. To sign on to this meeting please send an e-mail toinfo(at)norwegianproperty.no or call +47 22 83 40 20.Arctic Securities ASA, Pareto Securities AS and Pareto Private EquityAS are managers of the Subsequent Offering.The creditor notice period for the share capital reduction willexpire on 25 August 2009. In the event the Company does not receiveany objections, it is expected that the 201,635,416 shares to beissued in connection with the Private Placement will be delivered tothe subscribers in the Private Placement on or about 27 August andthen being tradeable on Oslo Børs ASA.Norwegian Property ASA is listed on Oslo Børs (ticker NPRO) and is aproperty investment company holding the largest portfolio of highquality office assets (CBD) with blue-chip tenants in Norway.Norwegian Property also fully owns Norgani Hotels, which is theleading Nordic hotel property owner and the 5th largest in Europe.For more information, please refer to www.norwegianproperty.no.For further information, please contactMari Thjømøe, CFO, tel. +47 90 777 824Sigmund Sletvold, acting IRO, tel. +47 97 743 143Important NoticesThe contents of this announcement have been prepared by and are thesole responsibility of Norwegian Property. The Managers are actingexclusively for Norwegian Property and no one else and will not beresponsible to anyone other than Norwegian Property for providing theprotections afforded to their respective clients, or for advice inrelation to the contemplated private placement and possiblesubsequent offering, the contents of this announcement or any of thematters referred to herein.The distribution of this announcement and other information inconnection with the private placement and the possible subsequentoffering may be restricted by law in certain jurisdictions. Personsinto whose possession this announcement or such other informationshould come are required to inform themselves about and to observeany such restrictions.This announcement may not be used for, or in connection with, anddoes not constitute, any offer to sell, or an invitation to purchase,any securities. The private placement and the possible subsequentoffering will not be made in any jurisdiction or in any circumstancesin which such offer or solicitation would be unlawful.This announcement is not an offer to sell or the solicitation of anyoffer to buy any Norwegian Property shares or other securities ofNorwegian Property (the Securities) in the United States, nor shallthere be any sale of the Securities in any state thereof in whichsuch offer, solicitation or sale would be unlawful prior toregistration or qualification under the securities laws of any suchstate. The Securities may only be offered and sold in the UnitedStates pursuant to an effective registration statement filed with theUnited States Securities and Exchange Commission or pursuant to anexemption from the registration and prospectus delivery requirementsof the United States Securities Act of 1933, as amended. Any publicoffering of the Company's securities in the United States will bemade only by means of a prospectus that may be obtained from theCompany and that will contain detailed information about the Companyand management, as well as financial statements and other informationrelevant to investorsThe Norwegian Property shares have not been and will not beregistered under the applicable securities laws of Australia, Canadaor Japan and may not be offered or sold within Australia, Canada orJapan.In the United Kingdom, this announcement is directed only at personswho (i) have professional experience in matters relating toinvestments falling within Article 19(5) of the Financial Servicesand Markets Act 2000 (Financial Promotion) Order 2005 (as amended,the Financial Promotion Order), (ii) are persons falling withinArticle 49(2)(a) to (d) (high net worth companies, unincorporatedassociations etc) of the Financial Promotion Order, (iii) are outsidethe United Kingdom, or (iv) are persons to whom an invitation orinducement to engage in investment activity (within the meaning ofsection 21 of the Financial Services and Markets Act 2000) inconnection with the issue or sale of any securities may otherwiselawfully be communicated or caused to be communicated. Thisannouncement is directed only at such persons and must not be actedon or relied on by persons in the United Kingdom who are not suchpersons. Any investment or investment activity to which thisannouncement relates is available in the United Kingdom only to suchpersons and will be engaged in only with such persons and no otherpersons in the United Kingdom should rely or act upon thisannouncement.All investment is subject to risk. The value of the NorwegianProperty shares may go down as well as up. Past performance is noguarantee of future returns. Potential investors are advised to seekexpert financial advice before making any investment decision.This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 10.08.2009 - 08:01 Uhr
Sprache: Deutsch
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