SOLON EIENDOM ASA
STOCK EXCHANGE ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SWITZERLAND OR THE UNITED STATES
Solon Eiendom ASA - Preliminary result of the Subsequent Offering
(Oslo, Norway, 30 January 2017) Reference is made to previous stock exchange announcements and the prospectus (the "Prospectus") dated 12 January 2017 concerning, inter alia, the subsequent offering (the "Subsequent Offering") of 666,666,666 new shares at a subscription price of NOK 0.15 per share in Solon Eiendom ASA ("Solon" or the "Company", ticker "SOLON").
The subscription period for the Subsequent Offering expired on 27 January 2017 at 16:30 CET. A preliminary counting of the subscriptions indicates that approximately 116 million shares have been subscribed for out of a total of 666,666,666 shares available. The underwriting consortium for the Subsequent Offering will subscribe for any shares that are not subscribed for by the eligible shareholders and other investors. The gross proceeds from the Subsequent Offering will be NOK 100 million.
Allocation of shares in the Subsequent Offering will be resolved by the Company`s Board of Directors later today in accordance with the allocation criteria set out in the Prospectus. The final result of the Subsequent Offering will be published shortly thereafter. Letters of allocation will be distributed to investors giving notification of allocated new shares and the corresponding amount to be paid by each subscriber.
DNB Markets, a part of DNB Bank ASA, Arctic Securities AS and SpareBank 1 Markets are engaged as managers for the Subsequent Offering.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Further information
Simen Thorsen
Chairman of the Board, Solon Eiendom ASA
E-mail: st@soloneiendom.no
Cell Phone: +47 918 86 886
Andreas Martinussen
Chief Executive Officer, Solon Eiendom ASA
E-mail: am@soloneiendom.no
Cell Phone: +47 400 00 405
About Solon Eiendom
Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region. Solon Eiendom was established in 2006 by founder Simen Thorsen and investor Tore Aksel Voldberg. The company has since its incorporation delivered 570 units with a corresponding sales value of close to NOK ~3 billion and sold more than 800 units with a total sales price of more than NOK ~4 billion. Solon is listed on Oslo Børs (SOLON.OL). More information
about Solon is available at www.soloneiendom.no.