NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Oslo, 23 March 2015
Reference is made to the stock exchange notice published by Asetek A/S (the
"Company", ticker "ASETEK") on 25 February 2015 regarding the completed Private
Placement, and on 19 March 2015 regarding the minutes from an extraordinary
general meeting which included the approval of the Private Placement and the
Subsequent Offering (as defined in the stock exchange notice).
The Financial Supervisory Authority of Norway has today approved a prospectus
prepared by the Company covering the following:
· Listing of 10,000,000 new shares issued in connection with the completed
Private Placement
· Offering and listing of up to 2,000,000 offer shares ("Offer Shares") with
subscription rights for existing shareholders of the Company as per the end of
24 February 2015, as registered in the Norwegian Central Security Depository
(VPS) on 26 February 2015, who were not allocated new shares in the Private
Placement (the "Subsequent Offering")
The Subsequent Offering comprises an offering of up to 2,000,000 Offer Shares at
a subscription price of NOK 10, corresponding to gross proceeds of up to NOK 20
million.
Each eligible shareholder will be granted 0.42760 non-transferable subscription
rights per share owned as per the end of 24 February 2015. The number of
subscription rights will be rounded down to the nearest whole subscription
right. Each subscription right gives the right to subscribe for and be allocated
one Offer Share in the Subsequent Offering. Over-subscription is allowed.
The subscription period for the Subsequent Offering is from and including 25
March 2015 to 10 April 2015 at 16:30 (CET). Please note that subscription rights
that are not used to subscribe for Offer Shares before the end of the
subscription period will lapse without compensation and consequently be of no
value.
The Subsequent Offering is managed by Arctic Securities AS and Carnegie AS.
The Prospectus together with the Subscription Form will be available at
www.asetek.com, www.arcticsec.no and www.carnegie.no, and will also be available
free of charge at the business offices of the Company and the managers.
Norwegian investors with a VPS account can in addition subscribe for Offer
Shares online at www.arcticsec.no and www.carnegie.no.
For further information, please contact:
André S. Eriksen, Chief Executive Officer
Mobile: +45 2125 7076, e-mail: ceo@asetek.com
Peter Dam Madsen, Chief Financial Officer
Mobile: +1 408 813 4147, e-mail: pdm@asetek.com
Important information:
The release is not for publication or distribution, in whole or in part directly
or indirectly, in or into Australia, Canada, Japan or the United States
(including its territories and possessions, any state of the United States and
the District of Columbia).
This release is an announcement issued pursuant to legal information
obligations, and is subject of the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act. It is issued for information
purposes only, and does not constitute or form 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, as amended (the
"Securities Act"). The securities may not be offered or sold in the United
States except pursuant to an exemption from the registration requirements of the
Securities Act. The Company does not intend to register any portion of the
offering of the securities in the United States or to conduct a public offering
of the securities in the United States. Copies of this announcement are not
being made and may not be distributed or sent into Australia, Canada, Japan or
the United States. The issue, exercise, purchase or sale of subscription rights
and the subscription or purchase of shares in the Company are subject to
specific legal or regulatory restrictions in certain jurisdictions. Neither the
Company nor the Managers assume any responsibility in the event there is a
violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this 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. Arctic and Carnegie are acting for the Company and no one else in
connection with the Private Placement and the Subsequent Offering and will not
be responsible to anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in relation to the
Private Placement and the Subsequent Offering and/or any other matter referred
to in this release.
Forward-looking statements:
This release and any materials distributed in connection with this release may
contain certain forward-looking statements. By their nature, forward-looking
statements involve risk and uncertainty because they reflect the Company'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.
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