Resolutions by the bank's Supervisory Committee regarding issues;
first day of listing excluding sub
(Thomson Reuters ONE) - It appears to the stock exchange announcement of 1 October 2009regarding the convening of the meeting in the bank's SupervisoryCommittee and the Board's proposals for issues of equitycertificates.The bank's Supervisory Committee has in meeting on 20 October 2009adopted the Board's proposal:1) private placement to Gjensidige Forsikring BA through the issuanceof 18,735,363 equity certificates of subscription price of NOK 42.552) public rights issue of 9,450,870 equity certificates at asubscription price NOK 35,- per equity certificate3) private placement to Gjensidige BA through the issuance of1,977,702 equity certificates at a subscription price NOK 35,- perequity certificate4) private placement to the bank's employees of up to 2,571,428equity certificates at a subscription price NOK 35,- per equitycertificate.Gross proceeds of these issues will be minimum NOK 1,197,189,7541 anda maximum of NOK 1,287,189,741. In total it will be issued a minimumof 30,163,936 equity certificates and a maximum of 32,735,363 equitycertificates.Kredittilsynet has in a letter of 20 October 2009 announced that theywill be able to approve the private placing to Gjensidige on thecondition that it will be transferred NOK 20 million to thecompensation fund. SpareBank 1 SR-Bank has assumed that in itsdecision. The bank's Supervisory Committee has given the Boardauthority to be able to appeal against Kredittilsynet's decision bythe Public Administration Act provisions.The private placement towards Gjensidige BA is conditional on beinggranted such a permit after the Financial Institutions Act § 2b-17cf. § § 2 .2 et seq to own more than 10% of the equity evidence inthe bank.Owners by the end of 20 October will be granted subscriptionrights. First day of listing excluding the subscription rights is 21October 2009.The schedule for the rights issue and placement of employees expectedto be as follows:First day of listing excluding subscription rights and excluding 21dividend:......................................................................................... October 2009Subscription rights allocated to the equity certificate owner's VPS account: 28 October 2009First day of the subscription period: 28 October 2009Last day of the subscription period: 11 November 2009Allocation and issue of allocation letter:............................................ 17 November 2009Payment by automatic debit of account: 20 November 2009Registration in the Brønnøysund Register Centre approx. 26 November 2009Issuance of new equity certificates:.................................................. approx. 27 November 2009Listing of the new equity certificates:................................................ approx. 27 November 2009The bank's Supervisory Committee decisions regarding the issues areappended (in Norwegian).Moreover, the bank's Supervisory Committee in the meeting on 20October 2009 adopted the Board's proposal regarding:1) Authorization of issuance of hybrids (fund bonds) and subordinatedloans2) Tor Magne Lønnum elected as new board member until the nextordinary election ofBoard members3) Helge Leiro Baastad elected as an observer of the ElectionCommittee until the next annualelection of Election Committee members / observer4) appoint a committee to study proposals for any articles ofassociation changes as a resultof the new regulations, to be presented the bank's SupervisoryCommittee meeting in March 2010.Contact persons at SpareBank 1 SR-Bank:Director SR-Markets Stian Helgøy, +47 906 52 173Investor Relations manager Kyrre M. Knudsen, tlf +47 938 83 518Group Communications Director, Thor-Christian Haugland, tel. +47 48031633http://hugin.info/149/R/1348889/324821.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.10.2009 - 08:39 Uhr
Sprache: Deutsch
News-ID 7181
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first day of listing excluding sub"
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