Key information rights issue Hiddn Solutions ASA
Reference is made to the stock exchange notice from Hiddn Solutions ASA on 13 January 2017 regarding key information of a NOK 20 - NOK 60 million rights issue. Below follows updated key information for the rights issue.
Date on which the terms and conditions of the preferential rights issue were announced: 23 December 2016
Last day including right: 24 January 2017
Ex-date: 25 January 2017
Record Date: 26 January 2017
Date of approval: 13 January 2017
Maximum number of new shares: Up to 20,761,245 (up to 25,951,556 in the event the rights issue is fully subscribed and the board resolves to utilize its board authorization).
Subscription price: NOK 2.89
Will the rights be listed - yes/no: yes
Other information: This update relates the maximum amount of shares and subscription price. The rights issue is subject to publication of a prospectus, expected to take place on or about 27 January 2017. NOK 20 million of the rights issue has been underwritten. The Company will issue 0.54409 subscription rights for every share owned in the Company as of 24 January 2017. 1 subscription right will give a preferential rights to subscribe for and be allocated 1 new share in the Company in the Rights Issue.
Contact person: CEO, Tore Viana-Rønningen (phone +47 911 08 693)
This information is published in accordance with the requirements of the Continuing Obligations.
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