SpareBank 1 SR-Bank ASA : Capital increase formally registered
Not for release, publication or distribution in the United States, Canada, Australia or Japan.
The capital increase in connection with the Rights Offering and the Employee
Offering approved by the General Assembly of SpareBank 1 SR-Bank ASA on 9 May 2012, have now been registered in the Register of Business Enterprises (Foretaksregisteret), and have subsequently been carried out.
The new share capital of SpareBank 1 SR-Bank is NOK 6,393,777,050 distributed on 255,751,082 shares, each with a nominal value of NOK 25.
The new shares issued under the rights offering are eligible for trading at the Oslo Stock Exchange as from 19 June 2012. Allocated shares will be registered on each subscriber's VPS account on 19 June 2012 provided that the amount for each subscriber has been settled.
The new shares issued under the Employee Offering will be registered on a separate ISIN no. NO 001 0645955. These shares will not be listed on the Oslo Stock Exchange and will not be tradable for a period of one year from the time of registration on the subscribers' VPS accounts. After the expiry of the lock-up period of one year, these shares will be converted into SpareBank 1 SR-Bank's ordinary ISIN number, and the shares will from such time be listed on the Oslo Stock Exchange and be fully tradable.
SpareBank 1 SR-Markets, SpareBank 1 Markets, Pareto Securities and Arctic
Securities acted as Joint Lead Managers for the rights offering.
Stavanger, 18 June 2012
Contact persons:
Inge Reinertsen, Chief Financial Officer, tel. +47 909 95 033
Thor-Christian Haugland, EVP Communications, tel. +47 480 31 633
Vidar Torsøe, VP 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 to purchase 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 the Securities 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.