Solon Eiendom - Share capital increase registered
Post# of 301275
Solon Eiendom ASA
STOCK EXCHANGE ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES
Solon Eiendom - Share capital increase registered
(Oslo, Norway, 20 December 2016) Reference is made to the stock exchange announcements by Solon Eiendom ASA ("Solon" or the "Company", ticker "SOLON") published on 23 and 24 November 2016 regarding a private placement of 2,000,000,000 shares in the Company (the "Private Placement"), of which 1,000,000,000 shares were placed as newly issued shares (the "New Private Placement Shares") and 1,000,000,000 were placed through a coordinated secondary sale and the stock exchange announcement announced on 14 December 2016 regarding a completed extraordinary general meeting of the Company.
The share capital increase pertaining to New Private Placement Shares has now been registered in the Norwegian Register of Business Enterprises.
Solon's new share capital is NOK 905,234,438.70 divided into 9,052,344,387 shares with a par value of NOK 0.10 per share. Each share gives one vote at the Company's general meeting.
The new shares will be registered in the Norwegian Central Securities Depository on a separate ISIN. The listing of the shares issued in the Private Placement is subject to a prospectus being approved by the Norwegian Financial Supervisory Authority and published by the Company. Following such approval and publishing, the shares issued in the Private Placement will be converted to the ordinary ISIN of the Company's shares and be made tradable on Oslo Børs. The prospectus, expected to be published in the middle of January 2017, will contain further details about, inter alia, the Private Placement.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Further information Simen Thorsen Chairman of the Board, Solon Eiendom ASA E-mail: st@soloneiendom.no Cell Phone: +47 918 86 886
Andreas Martinussen Chief Executive Officer, Solon Eiendom ASA E-mail: am@soloneiendom.no Cell Phone: +47 400 00 405
About Solon Eiendom Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region. Solon Eiendom was established in 2006 by founder Simen Thorsen and investor Tore Aksel Voldberg. The company has since its incorporation delivered 570 units with a corresponding sales value of close to NOK ~3 billion and sold more than 800 units with a total sales price of more than NOK ~4 billion.
Important Information The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan, Hong Kong or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the 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. Copies of this announcement are not being made and may not be distributed or sent into Australia Canada, Japan, Hong Kong or the United States. The issue, exercise, purchase or sale of subscription rights and the subscription or purchase of shares in the Company are subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company, DNB Markets, Arctic Securities nor SpareBank1 Markets assumes any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
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