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BWG Homes ASA: Private placement fully subscribed

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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, HONG KONG, OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange notice issued on 14 February 2012 regarding BWG Homes ASA (BWG) contemplated Private Placement of up to NOK 300-400 million (the "Private Placement"). 

BWG is pleased to announce that Arctic Securities has received applications for more than NOK 400 million at a price of NOK 11.50 per share. The application period for the Private Placement will therefore close today, 14 February 2012 at 20:45 CET.

 

Arctic Securities ASA acts as manager in the Private Placement.

 

For further information, please contact:

Lars Nilsen, CEO, tlf. +47 23 24 60 00
Arnt Eriksen, CFO, tlf. +47 23 24 60 37, +47 922 14 625

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)