BWG Homes ASA: Implementation of repair issue and trades by primary insiders
Reference is made to the stock exchange announcement dated 21 March 2012 regarding approval of a prospectus relating to, among other, a repair issue consisting of up to 3,478,260 new shares. The subscription period for the repair issue expired on 10 April 2012 at 17:30 hours (CET).
Based on the subscriptions received and the allocation principles set out in the repair issue resolution of the extraordinary general meeting held 7 March 2012, the board of directors has resolved to allocate 3,062,825 shares at a price per share of NOK 11.50.
Notice of allocation and payment instructions will be sent on 11 April 2012. Payment date will be 16 April 2012, and all investors being allotted new shares must ensure that sufficient funds are available in the bank account stated in the subscription form within 16 April 2012. Following the registration of the repair issue with the Norwegian Register of Business Enterprises, the share capital of the company will consist of 136,121,433 shares each with a par value of NOK 1. The new shares will automatically be listed at the time of such registration, expected to take place on or about 18 April 2012.
The new shares may not be transferred or traded until they are fully paid and registered on the VPS account of the individual subscriber.
For further details regarding the repair issue, reference is made to the prospectus.
The following primary insiders were allocated shares in the repair issue:
Lagulise AS, a company owned by CEO Lars Nilsen and his connected persons, was allocated 100,000 shares. Total holding after the implementation of the repair issue will be 400,000 shares.
Eva Eriksson, Chairman of the Board of BWG Homes ASA, was allocated 10,000 shares. Total holding after the implementation of the repair issue will be 30,000 shares.
Harald Walther, Deputy Chairman of the Board of BWG Homes ASA, and his connected persons were allocated 235,000 shares. Total holding after the implementation of the repair issue will be 969,045 shares.
Espen E. Wiik, Board Member of BWG Homes ASA, was allocated 5,000 shares. Total holding after the implementation of the repair issue will be 10,000 shares.
Ole Feet, CEO in Block Watne AS, was allocated 10,000 shares. Total holding after the implementation of the repair issue will be 25,400 shares.
Arnt Eriksen, CFO in BWG Homes ASA, was allocated 6,000 shares. Total holding after the implementation of the repair issue will be 44,000 shares.
Elisabet Landsend, director of Corporate Communications, was allocated 4,600 shares. Total holding after the implementation of the repair issue will be 15,000 shares.
Mikael Olsson, CEO in BWG Homes AB, was allocated 3,721 shares. Total holding after the implementation of the repair issue will be 40,000 shares.
Jonas Karlsson, CFO in BWG Homes AB, was allocated 2,977 shares. Total holding after the implementation of the repair issue will be 26,000 shares.
The repair issue was managed by Arctic Securities ASA.
For further information, please contact
Arnt Eriksen, CFO, tel. +47 23 24 60 37, +47 922 14 625