Aker BioMarine – Final results of the rights offering
Reference is made to the notice to the stock exchange dated 15 October 2010. The allocation from the rights offering, which closed on 14 October 2010 at 17:30, was concluded by the Board of Aker BioMarine ASA on 20 October 2010, reports www.megafishnet.com with reference to Aker BioMarine ASA.
After the close of the subscription period a total of 227,272,727 offered shares at NOK 1.10 per share have been allocated. It was subscribed for a total of 284,011,721 shares. The rights offering was underwritten by Aker Seafoods Holding AS (the "Underwriter"). As the rights offering was oversubscribed, no shares have been allocated to the Underwriter in its capacity as an underwriter, as set forth in the allocation procedure described in the prospectus dated 29 September 2010.
Approximately 98.7 per cent (approximately 224.4 million shares) of the offered shares, were subscribed for by utilising subscription rights. Approximately 26.2 per cent (approximately 59.6 million shares) of the total subscribed shares were oversubscribed or subscribed for without subscription rights.
Based on the allocation principles described in the prospectus dated 29 September 2010, approximately 224.4 million new shares were allocated to subscribers according to held subscription rights, and approximately 2.9 million new shares were allocated to holders of subscription rights that oversubscribed. No allocation was made to subscribers without subscription rights.
Through the rights offering Aker BioMarine ASA will receive proceeds amounting to approximately NOK 250 million.
Notice of allocation and payment instructions will be sent out on 20 October 2010. Payment date will be 25 October 2010 and all investors being allotted offered shares must ensure that sufficient funds are available in the bank account stated in the subscription form within 25 October 2010. The new shares will be registered with the Norwegian Register of Business Enterprises immediately after the rights offering has been fully paid and the conditions for the rights offering have been fulfilled. The conditions for the rights offering are expected to be fulfilled at latest on 12 November 2010, and the registration and listing of the new shares is expected to take place as soon as practically possible thereafter, on or about 15 November 2010.
On completion of the rights offering, Aker BioMarine ASA will issue 227,272,727 new shares with a nominal value of NOK 1.00, increasing its share capital by NOK 227,272,727 to NOK 955,384,848, corresponding to a total of 955,384,848 shares with a nominal value of NOK 1.00 per share.
The new shares may not be transferred or traded before they are fully paid and the share capital increase has been registered with the Norwegian Register of Business Enterprises and the new shares registered in the VPS.
The rights offering is managed by Arctic Securities ASA.
For further information, please contact:
Hallvard Muri, president and CEO, Aker BioMarine, tel +47 24 13 00 00