Results of Delta Lloyd's Rights Offering and Commencement of Rump Offering
(Thomson Reuters ONE) -
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Strong investor support for rights issue
* Subscription period of Delta Lloyd's ?650 million rights issue ended
yesterday
* 218,813,777 new ordinary shares subscribed for through the exercise of
Rights, representing a take up of 96.15% in the Rights Offering
* Rump Offering of 8,754,166 new ordinary shares commences today with
immediate effect
Delta Lloyd N.V. ("Delta Lloyd") announces that, in connection with its ?650
million rights issue (the "Offering") of an aggregate of 227,567,943 new
ordinary shares with a nominal value of ?0.20 each (the "Offer Shares") at an
issue price of ?2.85 per Offer Share (the "Issue Price"), it received
subscriptions for 218,813,777 Offer Shares through the valid exercise of
transferable subscription rights (the "Rights") by eligible holders of such
Rights ("Eligible Persons"). This represents a take-up of approximately 96.15%
of the aggregate Offer Shares offered in the Offering. The exercise period for
the Rights (the "Exercise Period") ended yesterday, 7 April 2016, at 14:00 CET.
Rump Offering
Today, the 8,754,166 Offer Shares that were issuable upon the exercise of
Rights, but were not subscribed for during the Exercise Period (the "Rump
Shares") will be offered for sale by Goldman Sachs International, Merrill Lynch
International and Barclays Bank PLC (the "Joint Bookrunners") on behalf of the
syndicate of banks that led the Offering (collectively, the "Banks") by way of
private placements to institutional investors in the Netherlands and certain
other eligible jurisdictions at a price at least equal to the Issue Price and
any expenses related to procuring such subscribers (including any value added
tax, if any), in accordance with the terms and conditions set out in an
underwriting agreement between Delta Lloyd and the Banks dated 23 March 2016
(the "Underwriting Agreement") and as set out in the prospectus for the Offering
dated 23 March 2016 (the "Prospectus") (the "Rump Offering").
The Joint Bookrunners shall, subject to the satisfaction of conditions contained
in, and on the terms of, the Underwriting Agreement, use their reasonable
endeavours to procure subscribers for the Rump Shares. In accordance with the
terms, and subject to the conditions of the Underwriting Agreement, the Banks
have agreed to subscribe themselves for any Offer Shares or Rump Shares validly
subscribed for during the Exercise Period or in the Rump Offering, respectively,
but not paid for, and any Rump Shares not validly subscribed for in the Rump
Offering, pro rata to their respective underwriting commitments at the Issue
Price.
The Rump Offering will commence with immediate effect and is expected to end at
short notice but at the latest before 17:40 CET today.
Upon the completion of the Rump Offering, if the aggregate proceeds for the Rump
Shares offered and sold in the Rump Offering (after deduction of selling
expenses related to procuring such subscribers (including any value added tax)
exceed the aggregate Issue Price for such Rump Shares (such amount, the "Excess
Amount"), this Excess Amount will, subject to certain conditions, be paid as
follows: each holder of a Right that was not exercised at the end of the
Exercise Period will be entitled to receive a part of the Excess Amount in cash,
proportional to the number of unexercised Rights reflected in such holder's
securities account, but only if that amount is equal to or exceeds ?0.01 per
unexercised Right.
Delta Lloyd cannot guarantee that the Rump Offering will be successfully
completed. Should the Rump Offering take place, neither Delta Lloyd, the Banks
nor any person procuring buyers of Rump Shares will be responsible for any lack
of Excess Amount arising from any placement of the Rump Shares in the Rump
Offering. Allotment of Offer Shares issued pursuant to the Offering is expected
to take place immediately after closing of the Rump Offering. Issuance of,
payment for and delivery of the Offer Shares is expected to occur on 11 April
2016.
Delta Lloyd expects that the Offer Shares will be listed, and that trading in
the Offer Shares will commence, on Euronext Amsterdam and Euronext Brussels at
09:00 CET on or about 11 April 2016, barring unforeseen circumstances.
Additional information
For more information on the Offering and Delta Lloyd, see the Prospectus dated
23 March 2016 (the "Prospectus") as approved by the Netherlands Authority for
the Financial Markets (Autoriteit Financiële Markten) (the "AFM"). Copies (in
print) of the Prospectus may be obtained by Eligible Persons at no cost at Delta
Lloyd's head office. Alternatively, the Prospectus can also be accessed by
Eligible Persons electronically on the website of Delta Lloyd at
www.deltalloyd.com.
Full press release:
http://hugin.info/142905/R/2001834/738657.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Delta Lloyd via GlobeNewswire
[HUG#2001834]
Unternehmensinformation / Kurzprofil:
Datum: 08.04.2016 - 07:30 Uhr
Sprache: Deutsch
News-ID 462747
Anzahl Zeichen: 6111
contact information:
Town:
Amsterdam
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Results of Delta Lloyd's Rights Offering and Commencement of Rump Offering"
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Delta Lloyd (Nachricht senden)
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