Ordina N.V. issues 295,461 shares
(Thomson Reuters ONE) -
Nieuwegein, the Netherlands, 18 November 2010
Highlights
· Ordina N.V. has recently made the third interest payment on the
subordinated loan contracted in 2009 via a payment in cash.
· As announced during its Trading Update on 11 November 2010, Ordina
N.V. has decided to issue 295,461 new ordinary shares under the existing
underwriting agreement. The share issue represents a total value of
approximately EUR 0.9 million and corresponds with about 0.59% of the present
share capital outstanding.
· The new ordinary shares will be issued as per 19 November 2010 at a
price of EUR 2.92 per share.
· The shares will be acquired by ING Corporate Investments, Delta
Lloyd and NIBC.
About 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.
Ordina N.V. will retain the proceeds from the share issue, thereby offsetting
the cash-out effect of the third interest payment on the subordinated loan. This
provides Ordina with all the flexibility it needs to be able to grasp investment
opportunities in the market as they present themselves.
About Ordina
With our more than 3,350-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#1463964]
Press Release - Ordina N.V. issues 295,461 shares:
http://hugin.info/130778/R/1463964/402585.pdf
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originality of the information contained therein.
Source: Ordina via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 18.11.2010 - 17:55 Uhr
Sprache: Deutsch
News-ID 48920
Anzahl Zeichen: 3936
contact information:
Town:
Nieuwegein
Kategorie:
Business News
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