Outcome of TransAtlantic’s rights issue
This press release may not be made public, published or distributed, directly or indirectly, in or into the United States, Australia, Japan, Canada or in any other jurisdiction, where such action is subject in full or in part to legal restrictions.
The final statement of outcome in the new share issue in Rederi AB TransAtlantic (“TransAtlantic” or “the Company”) with preferential rights for the Company’s shareholders shows that 28,327,794 shares, corresponding to approximately 95.8 percent of the offered shares were subscribed for by exercise of subscription rights (of which approximately 98.8 percent of the offered A-shares and approximately 95.6 percent of the offered B-shares). In addition, 1,246,258 shares have been allocated to persons who have subscribed for shares on the basis of subsidiary preferential rights. Disregarding shares subscribed for by the Company’s largest shareholder Kistefos AS (directly or indirectly) (“Kistefos”) on the basis of subsidiary preferential rights, 5,180 A-shares and 1,405,196 B-shares have been subscribed for by exercise of subscription rights or subsidiary preferential rights, equivalent to approximately 0.3 percent and 5.1 percent of the offered A-shares and B-shares, respectively, corresponding to in total approximately 4.8 percent of the offered shares. Excluding shares subscribed for by Kistefos, approximately 99,1 percent of the A-shares and 100,7 percent of the B-shares were subscribed for. Including shares subscribed for by Kistefos on the basis of subsidiary preferential rights, the rights issue is, however, fully subscribed.
The allotment of shares that were subscribed for without subscription rights has been made in accordance with the principles outlined in the prospectus that was prepared in conjunction with the rights issue and published on 5 May 2014. Notification regarding the allotment of shares that have been subscribed for with subsidiary preferential rights will shortly be sent to those who have been allotted shares.
Through the rights issue, TransAtlantic will receive approximately SEK 147.9 million before deduction of transaction costs. The share capital will increase by SEK 29,574,052 from SEK 147,870,266 to SEK 177,444,318, and the number of shares will increase by 1,939,157 A-shares and 27,634,895 B-shares, from 147,870,266 shares to 177,444,318 shares when the rights issue has been registered with the Swedish Companies Registration Office.
The new shares subscribed for with subscription rights are expected to be registered with the Swedish Companies Registration Office ("SCRO") on 5 June 2014 and the B-shares will start trading on NASDAQ OMX Stockholm on 9 June 2014. The new shares subscribed for on the basis of subsidiary preferential rights are expected to be registered with SCRO on 10 June 2014 and the B-shares to start trading on 16 June 2014.
Financial and legal advisors
Swedbank Corporate Finance is acting as financial advisors and Mannheimer Swartling Advokatbyrå is acting as legal advisor to TransAtlantic in conjunction with the rights issue.
Investor relations
Tomas Bergendahl, CFO, phone +46(0)31-763 23 78, tomas.bergendahl@rabt.se
Important information
The information on the rights issue in this press release is not an offer for subscription for shares in TransAtlantic. A prospectus relating to the rights issue referred to in this press release and the subsequent listing of the shares at NASDAQ OMX Stockholm has been prepared and filed with the Swedish Financial Supervisory Authority and is available on inter alia TransAtlantic’s website.
This press release may not be published or distributed, directly or indirectly in or into the United States, Australia, Japan, Canada or any other jurisdiction where such action is wholly or partially subject to legal restrictions or where such action would require additional prospectuses, registrations or other actions in addition to what follows from Swedish law. Nor may the information in this press release be forwarded, reproduced or disclosed in such a manner that contravenes such restrictions or would require such requirements. Failure to comply with this instruction may result in a violation of applicable securities laws.
No subscription rights, BTAs (interim shares) or new shares will be registered under the United States Securities Act of 1933 (“Securities Act”) or securities legislation in any other state or other jurisdiction in the United States and may not be offered, subscribed, sold or transferred, directly or indirectly within the United States, other than pursuant to an exemption from the registration requirements of the Securities Act and in accordance with securities laws in relevant state or other jurisdiction in the United States.
This press release may contain forward-looking statements which reflect TransAtlantic’s current view on future events and financial and operational development. Words such as “intend”, “expect”, “anticipate”, “may”, “believe”, “plan”, “estimate” and other expressions which imply indications or predictions of future development or trends, and which are not based on historical facts, are intended to identify forward-looking statements. Forward-looking statements inherently involve both known and unknown risks and uncertainties because they depend on future events and circumstances. Forward-looking statements do not guarantee future results or development and the real outcome could differ materially from the forward-looking statements.
Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe. The company is organized into two business areas: Industrial Shipping and Viking Supply Ships. The company has about 780 employees and the turnover in 2013 was SEK 2,925M. The Industrial Shipping business area consists of three divisions: Bulk, Container and RoRo. The company’s B-shares are listed on the NASDAQ OMX Stockholm, Small Cap segment. www.rabt.se
TransAtlantic is obliged to make this information public according to the Financial Markets Act and/or the Financial Instruments Trading Act (Sw: lagen om värdepappersmarknaden and lagen om handel med finansiella instrument). The information was submitted for publication on June 2, 2014 at 08.30 a.m (CET).
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