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Strong investor support for rights issue
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Subscription period of Delta Lloyd`s €650 million rights issue ended yesterday
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218,813,777 new ordinary shares subscribed for through the exercise of Rights, representing a take up of 96.15% in the Rights Offering
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Rump Offering of 8,754,166 new ordinary shares commences today with immediate effect
Delta Lloyd N.V. ("Delta Lloyd") announces that, in connection with its €650 million rights issue (the "Offering") of an aggregate of 227,567,943 new ordinary shares with a nominal value of €0.20 each (the "Offer Shares") at an issue price of €2.85 per Offer Share (the "Issue Price"), it received subscriptions for 218,813,777 Offer Shares through the valid exercise of transferable subscription rights (the "Rights") by eligible holders of such Rights ("Eligible Persons"). This represents a take-up of approximately 96.15% of the aggregate Offer Shares offered in the Offering. The exercise period for the Rights (the "Exercise Period") ended yesterday, 7 April 2016, at 14:00 CET.
Rump Offering
Today, the 8,754,166 Offer Shares that were issuable upon the exercise of Rights, but were not subscribed for during the Exercise Period (the "Rump Shares") will be offered for sale by Goldman Sachs International, Merrill Lynch International and Barclays Bank PLC (the "Joint Bookrunners") on behalf of the syndicate of banks that led the Offering (collectively, the "Banks") by way of private placements to institutional investors in the Netherlands and certain other eligible jurisdictions at a price at least equal to the Issue Price and any expenses related to procuring such subscribers (including any value added tax, if any), in accordance with the terms and conditions set out in an underwriting agreement between Delta Lloyd and the Banks dated 23 March 2016 (the "Underwriting Agreement") and as set out in the prospectus for the Offering dated 23 March 2016 (the "Prospectus") (the "Rump Offering").
The Joint Bookrunners shall, subject to the satisfaction of conditions contained in, and on the terms of, the Underwriting Agreement, use their reasonable endeavours to procure subscribers for the Rump Shares. In accordance with the terms, and subject to the conditions of the Underwriting Agreement, the Banks have agreed to subscribe themselves for any Offer Shares or Rump Shares validly subscribed for during the Exercise Period or in the Rump Offering, respectively, but not paid for, and any Rump Shares not validly subscribed for in the Rump Offering, pro rata to their respective underwriting commitments at the Issue Price.