NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO
U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE
UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN, OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
The board of directors of Pioneer Property Group ASA has
resolved to increase the company's share capital with NOK
900,000 by issuance of 900,000 new ordinary shares at a
subscription price of NOK 100, raising gross proceeds for
the company of NOK 90,000,000. The shares have been
subscribed by the existing shareholders of ordinary shares
on a pro-rata basis - thus maintaining the same ownership
percentages. The share issue was resolved pursuant to an
authorisation to the board granted by the general meeting on
12 May 2015. The share issue has been conducted to
strengthen the company's equity and cash reserves in advance
of the intended public offering and listing on Oslo Axess as
further described in the press release from the Company on
20 May 2015.
Enquiries:
Martin P. Hoff
CFO
+47 47214721
martin@pioneerproperty.no