Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Informationsteknik |
Industri | Elektronisk utrustning |
2020-03-17 13:24:01
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Reference is made to the previous announcements by Hiddn Solutions ASA (the "Company") regarding the fully underwritten subsequent offering of 25,000,000 new shares in the Company (the "Offer Shares") at a subscription price of NOK 1.20 raising gross proceeds of NOK 30 million (the "Subsequent Offering"). The subscription period for the Subsequent Offering expired at 16:30 CET on 16 March 2020. At the expiry of the subscription period, the Company had received subscriptions for a total of 7,116,814 Offer Shares out of the total 25 million Offer Shares offered in the Subsequent Offering. The Subsequent Offering is fully underwritten by the investors that participated in the Company’s NOK 50 million private placement that was completed in January 2020 (the "Underwriters ") and the Offer Shares not subscribed for on the basis of subscription rights will be allocated to the Underwriters. The final allocation of the Offer Shares in the Subsequent Offering has now been completed based on the allocation criteria resolved by the Company's extraordinary general meeting on 12 February 2020 in connection with the Subsequent Offering as set out in the prospectus prepared by the Company dated 28 February 2020 (the "Prospectus"). 4,799,217 Offer Shares, constituting 19.2% of the Offer Shares, were subscribed for and allocated through the exercise of subscription rights. 2,317,597 Offer Shares, constituting 9.3% of the Offer Shares, have been allocated to subscribers who have oversubscribed. The remaining 17,883,186 Offer Shares have been allocated to the Underwriters on a pro-rata basis on its allocation of shares in the NOK 50 million private placement that was completed in January 2020. Notifications of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today. Payment for the allocated shares falls due on 19 March 2020 in accordance with the payment procedures described in the Prospectus. Subject to timely payment of the entire subscription amount in the Subsequent Offering, the Company expects that the share capital increase pertaining to the Subsequent Offering will be registered with the Norwegian Register of Business Enterprises on or about 25 March 2020 and that the Offer Shares will be delivered to the VPS accounts of the subscribers on or about the same date, after which the Offer Shares will be tradable on the Oslo Stock Exchange. DNB Markets, a part of DNB Bank ASA, is acting as Manager in connection with the Subsequent Offering. AGP Advokater AS is acting as the Company's legal advisor in connection with the Subsequent Offering. For further information, please contact: Jørgen Waaler, CEO, telephone: + 47 9059 0010, e-mail: Jorgen@waaler.no This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Neither this announcement nor any copy of it may be transmitted directly or indirectly into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. The Subsequent Offering, the subscription rights and the distribution of this announcement and other information in connection with the Subsequent Offering may be restricted by law in certain jurisdictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. Persons into whose possession this announcement or other information should come are required to inform themselves about and observe any such restrictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Further information regarding restrictions applicable for the Subsequent Offering and the grant and exercise of subscription rights is set out in the Prospectus.