Agasti Holding ASA strengthens its capital through a private placement
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Oslo, 13th June 2013: Today, Agasti Holding ASA (the ”Company” or “Agasti”, ticker “AGA”) has resolved and performed a private placement with gross proceeds of MNOK 29.7 at a subscription price of NOK 1.35 per share (the “Private Placement”).
The Private Placement was resolved by the board pursuant to the proxy given by the general meeting in 2012. The Private Placement is directed towards the following (the “Subscribers”):
- Tenold Gruppen AS has subscribed for approximately MNOK 20.05
- IKM Industri-Invest AS has subscribed for approximately MNOK 8.35
- Bjelland Invest AS has subscribed for approximately MNOK 1.3
Following the Private Placement, there will be issued 22 million new shares in the Company.
The Subscribers have previously committed to subscriptions in the private placement of MNOK 54 which was announced in the Company’s stock notice of 27thMay 2013 and which is described in the notice of annual general meeting of 26thJune 2013 (the “Conditional Private Placement”). The Conditional Private Placement is, amongst other, conditioned upon the Company’s purchase of the majority shareholding in Wunderlich Investment Company, Inc. being resolved by the annual general meeting on 26thJune 2013.
None of the Subscribers in the Private Placement are shareholders in Wunderlich Investment Company, Inc. The subscription in the Private Placement will reduce each of the Subscribers’ subscription and gross proceeds in the Conditional Private Placement by amounts equal to their subscription in the Private Placement. Prior to the annual general meeting the Company with revise the proposed resolutions for the annual general meeting with the changes brought forth by the Private Placement.
The board has considered it beneficial to strengthen the Company’s capital position through the Private Placement prior to the transactions that are to be treated at the annual general meeting on 26th June 2013.
Kontakt:
Agasti Holding’s deputy CEO Jørgen Pleym Ulvness: +47 906 67 877
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S.Securities Act of 1933, as amended. 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 the Australia, Canada, Japan or the United States.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.