NPRO; Approved prospectus for the Subsequent Offering
(Thomson Reuters ONE) - Oslo, 11 August 2009Reference is made to the stock exchange notice dated 10 August 2009regarding the planned subsequent offering of shares in NorwegianProperty ASA ("NPRO", "Company" or "Norwegian Property"") and thepress-release sent from Oslo Børs ASA ("Oslo Børs") today regardingthe approved prospectus.As previously announced, the Subsequent Offering will consist of upto 50,000,000 Subsequent Offering Shares with preferred allocation toEligible Shareholders 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.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). NPRO will issue 0.5 non-transferable subscriptionrights to Eligible Shareholders per share owned as per record date.One (1) subscription right will give the right to be allocated one(1) new Subsequent Offering Share. However, over-subscription isallowed and will to the extent all Eligible Shareholders do notutilise the said pre-emptive right be subject to pro rata allocationamong Eligible Shareholders who have oversubscribed. Subscription byother than Eligible Shareholders and without subscription rights areallowed, and to the extent the Subsequent Offering is not fullysubscribed by Eligible Shareholders, allocation will be made to otherSubscribers not being Eligible Shareholders, at the Board'sdiscretion. Please note that the non-transferable subscription rightsmust be used for subscription of Subsequent Offering Shares duringthe subscription period. After the expiry of the subscription period,the non-transferable subscription rights will have no value, and willbe deleted from its registration in the VPS.The Subscription Period will commence on 12 August 2009 and end on 24August 2009 17:30 hours (CET). Allocation of Subsequent OfferingShares is expected to be mailed on or about 26 August 2009. Paymentfor the subscribed and allotted shares must be made on 1 September2009 at the latest. Given timely payment by all subscribers, it isexpected that the new Subsequent Offering Shares will be delivered tothe subscribers on or about 7 September 2009.The Company has prepared a prospectus dated 10 August 2009 which isapproved by Oslo Børs. The prospectus contains detailed informationof the Subsequent Offering, the completed Private Placement inaddition to updated information regarding Norwegian Property. Theprospectus will be available and free of charge at NorwegianProperty's and the Managers' websites and offices. The prospectusincluding the subscription form will also be sent by regular mail toall Eligible Shareholders and to subscribers in the Private Placementwho are not restricted to receive this document by any law orregulation.Arctic Securities ASA, Pareto Securities AS and Pareto Private EquityAS are managers of the Subsequent Offering.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. +47 977 43 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 private placement and subsequent offering, thecontents of this announcement or any of the matters referred toherein.The distribution of this announcement and other information inconnection with the subsequent offering may be restricted by law incertain jurisdictions. Persons into whose possession thisannouncement or such other information should come are required toinform themselves about and to observe any 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 subsequent offering will not be made in anyjurisdiction or in any circumstances in which such offer orsolicitation 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. Any public offering of the Company's securities in the UnitedStates will be made only by means of a prospectus that may beobtained from the Company and that will contain detailed informationabout the Company and management, as well as financial statements andother information relevant to investors.The 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: 11.08.2009 - 11:38 Uhr
Sprache: Deutsch
News-ID 4579
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 229 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NPRO; Approved prospectus for the Subsequent Offering"
steht unter der journalistisch-redaktionellen Verantwortung von
Norwegian Property ASA (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
