CORRECTION: SpareBank 1 Nord-Norge: Final result of the offerings

Thomson Reuters ONE

This is a correction of the announcement from 16:13 03.10.2013 CEST.   Reason for the correction: With reference to the notification made regarding the final result of the offerings dated 3 October 2013, a correction is in place with regards to the employee offering. 
In the employee offering, SpareBank 1 Nord-Norge received subscriptions for a total of NOK 22.8 million, equaling 1.1 million equity capital certificates distributed on 249 employees.
The employee offering gives SpareBank 1 Nord-Norge gross proceeds of NOK 22.8 million.
Tromsø, 4. October 2013
Contact persons at SpareBank 1 Nord-Norge: CEO Jan-Frode Janson; mob. +47 909 75 183 CFO Rolf Eigil Bygdnes; mob. +47 905 19 774
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  

Original announcement (updated with the correct information):

Both the rights offering and the employee offering in SpareBank 1 Nord-Norge closed on Friday 27 September 2013 at 1630 hrs (Norwegian time). The final allocation of new equity capital certificates is now available.

At the expiry of the subscription period, SpareBank 1 Nord-Norge had received subscriptions for a total of 54.5 million new equity capital certificates in the rights offering. 33,104,494 new equity capital certificates were offered, and the right offering was consequently oversubscribed by about 65 per cent. 

In the employee offering, SpareBank 1 Nord-Norge received subscriptions for a total of NOK 22.8 million, equaling 1.1 million equity capital certificates distributed on 249 employees.

The Chief Executive Officer has based upon power of attorney from the Main Board of Directors of SpareBank 1 Nord-Norge approved the final allocation of equity capital certificates in the offering. The allocation has been carried out in accordance with the allocation criteria set forth in the prospectus dated 12 September 2013. No allocation has been made to subscribers without subscription rights.

31.4 million equity capital certificates, representing 94.8 per cent of the new equity capital certificates in the rights offering, were subscribed for by the exercise of subscription rights. 1.7 million equity capital certificates, or 5.2 per cent, were subscribed for through over-subscription with the use of subscription rights.

Today a letter will be dispatched concerning the allocation of new equity capital certificates and the corresponding subscription amount to be paid by each subscriber. The subscription amounts fall due for payment on 8 October 2013; see payment procedures described in the prospectus.

The new equity capital certificates may not be transferred or traded until they have been paid for in full and the increase of capital has been registered with the Register of Business Enterprises. Registration is expected to take place on or about 10 October 2013. The new equity capital certificates will be transferred to the VPS accounts of each individual subscriber on or about 10 October 2013 and will be quoted on the Oslo Stock Exchange on 11 October 2013.

SpareBank 1 Nord-Norge will as a result of the rights offering receive gross proceeds of NOK 749.8 million. The employee offering gives SpareBank 1 Nord-Norge gross proceeds of NOK 22.8 million.

Arctic Securities, SpareBank 1 Markets and SpareBank 1 Nord-Norge Markets acted as managers for the rights offering.

Tromsø, 3 October 2013

Contact persons at SpareBank 1 Nord-Norge:
CEO Jan-Frode Janson; mob. +47 909 75 183
CFO Rolf Eigil Bygdnes; mob. +47 905 19 774

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

 

 



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Source: SpareBank 1 Nord-Norge via Thomson Reuters ONE

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