Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Informationsteknik |
Industri | Kommunikation |
2019-06-24 11:45:13
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL The subscription period for the rights issue (the "Rights Issue") in Infront ASA (the "Company") expired at 16:30 hours (CEST) on 21 June 2019. At the expiry of the subscription period, the Company had received subscriptions for a total of 24,926,447 new shares. 17,331,904 new shares (the "Offer Shares") were offered under the Rights Issue and the Rights Issue was accordingly oversubscribed by 43.8%. The final allocation of the Offer Shares in the Rights Issue has now been completed based on the allocation criteria set out in the Company's prospectus dated 6 June 2019 (the "Prospectus"). 17,217,901 Offer Shares, constituting 99.3% of the Offer Shares, were subscribed for and allocated through the exercise of subscription rights. 114,003 Offer Shares, constituting 0.7% of the Offer Shares, are allocated pro-rata to subscribers who have oversubscribed based on the number of subscription rights exercised by each subscriber. No allocation has been made to subscribers without subscription rights. 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 26 June 2019 in accordance with the payment procedures described in the Prospectus. The new shares may not be transferred or traded before they have been fully paid and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). It is expected that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 28 June 2019. The Offer Shares will be transferred to the VPS accounts of the subscribers on or about 28 June 2019 and admitted to trading on the Oslo Stock Exchange on or about 1 July 2019. ABG Sundal Collier and Danske Bank are acting as Joint Global Coordinators and Joint Bookrunners for the rights issue. Advokatfirmaet Selmer AS is acting as legal counsel to the Company. Wikborg Rein Advokatfirma is acting as legal counsel to the managers. For further information, please contact: Max Hofer, Chief Financial Officer max.hofer@infrontfinance.com Tel: +47 971 48 953 This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement may not be distributed or sent 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.