Not for release, publication or distribution in the United States, Canada,
Australia or Japan.
The subscription period in the rights offering and the employee offering at
SpareBank 1 SR-Bank expired Friday 1 June 2012 at 1730 hours (CET). A
preliminary count shows that by the expiry of the subscription period SpareBank
1 SR-Bank had received subscriptions for about 70,9 million new shares in the
rights offering corresponding to about NOK 1,9 billion. Issue amount is the
previously announced 1.5 billion, representing a total of 55,555,555 new shares.
The preliminary count shows an oversubscription of about 28%.
- I am very pleased with the interest shown for the capital increase, especially
in light of the turbulent period we now see in the financial markets. SpareBank
1 SR-Bank is an attractive company to invest in, which is important to our
future business plans, says CEO Arne Austreid in SpareBank 1 SR-Bank.
The preliminary count of the employee offering shows that the employees
subscribed for a total of about 705.858 Â new shares distributed on 260
employees. The overall subscribed
amount is about NOK 19 million.
The final allocation of shares offered in the rights offering and the employee
offering will be adopted by the CEO and the Chairman of the Board of Directors
of SpareBank 1 SR-Bank on Thursday, 7 June 2012. The allocation will be carried
out in conformity with the allocation criteria set forth in the prospectus dated
9 Mai 2012. The final subscription result will
be published by notice via the Oslo Stock Exchange on 7 June 2012. On the same
day, there will be sent letters concerning the allocation of shares and the
corresponding subscription amount to be paid by each subscriber.
Stavanger, 4 June 2012
Contact persons:
Inge Reinertsen, Chief Financial Officer, tel. +47 909 95 033
Thor-Christian Haugland, Executive Vice President Communications, tel.
+47 480 31 633
Vidar Torsøe, Vice President Investor Relations, tel. +47 970 80 656
Disclaimer
These materials are not for distribution, directly or indirectly, in or into the
United States (including its territories and possessions, any State of the
United States and the District of Columbia), Canada, Australia, Japan or Hong
Kong or in other jurisdictions where such distribution is not lawful. These
materials do not constitute or form a part of any offer or solicitation
topurchase 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 (the "Securities
Act"). The securities mentioned herein may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of
theSecurities Act. There will be no public offer of securities in the United
States.
The contemplated issue of ordinary shares (the "Shares") in SpareBank 1 SR-Bank
ASA (the "Rights Issue"), the exercise or sale of subscription rights
contemplated to be issued in the Rights Issue (the "Rights") and the
subscription or purchase of Shares or Rights are subject to specific legal or
regulatory restrictions in certain jurisdictions. SpareBank 1 SR-Bank ASA
assumes no responsibility in the event there is a violation by any person of
such restrictions.
This stock exchange release is for information purposes only and has not been
approved by any regulatory authority. It is not a prospectus, disclosure
document or offering document and does not purport to be complete. Nothing in
this stock exchange release should be interpreted as a term or condition of the
Rights Issue. Investors should not subscribe for, purchase, otherwise acquire,
sell or otherwise dispose of Rights and/or ordinary shares except on the basis
of information in the prospectus to be published by SpareBank 1 SR-Bank ASA in
due course in connection with the Rights Issue (the "Prospectus") which will
contain further information relating to the company as well as a summary of the
risk factors to which any investment is subject. This stock exchange release
does not constitute or form part of any offer or invitation to sell or issue, or
any solicitation of any offer to acquire any securities offered by any person in
any jurisdiction in which such an offer or solicitation is unlawful.
The distribution of this stock exchange release and/or the Prospectus into
jurisdictions other than Norway may be restricted by law. Persons into whose
possession this stock exchange 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.
SpareBank 1 SR-Markets, Arctic Securities ASA, Pareto Securities AS and
SpareBank 1 Markets are acting for SpareBank 1 SR-Bank ASA and no one else in
connection with the Rights Issue and will not be responsible to anyone other
than SpareBank 1 SR-Bank ASA for providing the protections afforded to their
respective clients or for providing advice in relation to the Rights Issue
and/or any other matter referred to in this document.
This document and any materials distributed in connection with this document may
contain certain forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they reflect SpareBank 1 SR-Bank
ASA 's current expectations and assumptions as to future events and
circumstances that may not prove accurate. A number of material factors could
cause actual results and developments to differ materially from those expressed
or implied by these forward-looking statements, including the risks and
uncertainties to be set out in the prospectus.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: SpareBank 1 SR-Bank ASA via Thomson Reuters ONE
[HUG#1616971]
