Stock Exchange Announcement
10 June 2013
RomReal : Rights Issue Approved
On 10 June 2013, the Board of Directors of RomReal Ltd ("RomReal" or "the Company") resolved to conduct a rights issue, based on authorisation from the general meeting, with the following main terms:
- The Company's share capital is increased with up to EUR 98,495 by the issuance of up to 98,494,720 new shares.
- Shareholders in the Company as per the end of 10 June 2013 (as registered in VPS as of 14 June 2013) shall have the rights to subscribe for and be allotted the new shares corresponding to their pro rata shareholdings in the Company. The subscription rights will not be tradable.
- 1 share in the Company will give 20 subscription rights. One subscription right gives the right to subscribe one share in the rights issue. Oversubscription is allowed
- The subscription price is NOK 0.125 per new share.
- The subscription period shall commence on 17 June 2013 and end on 28 June 2013 at 16:30 hours (CET), subject to approval by the Financial Supervisory Authority of Norway of the prospectus prepared in connection with the rights issue. Possible delay of the start and end of the subscription period will be communicated in a separate stock exchange release.
RomReal's shares will trade ex. subscription rights as from and including Tuesday 11 June 2013.
Further information about the rights issue will be included in the prospectus currently in preparation, and expected to be published on or about 17 June 2013.
The proceeds from the rights issue will provide RomReal with the necessary working capital to cover its expenses going forward.
Swedbank First Securities is appointed manager and Arntzen de Besche Advokatfirma Trondheim AS is legal advisor for the rights issue.
For further enquiries please contact:
Harris Palaondas
Investor Relations
investors@romreal.com
+40731123037