28 August 2017.
Reference is made to
previous stock exchange announcements regarding the rights issue
(the "Rights Issue") by EAM Solar ASA (the "Company") of 1,250,000
new shares with a nominal value of NOK 10 each (the "Offer Shares")
at a subscription price of NOK 24 per Offer Share.
The subscription period for
the Rights Issue expired today 28 August 2017 at 16:30 hours (CET).
Preliminary counting indicates that the Company has received
subscriptions for approximately 2,604,740 Offer Shares at the end
of the subscription period. The Rights Issue has consequently been
oversubscribed by approximately 108 per cent.
The final result of
allocation of the Offer Shares is expected to be published on 29
August 2017. Notices of allocation of Offer Shares and the
corresponding subscription amount to be paid by each individual
subscriber will be distributed on 29 August 2017. Payment for the
Offer Shares is due on 31 August 2017.
Carnegie AS acts as manager
of the Rights Issue.
For further queries, please
contact:
Viktor E. Jakobsen, CEO,
phone +47 9161 1009, viktor@eam.no.
About EAM Solar: EAM Solar
is a utility company that acquires and operates solar power
plants. The Company currently owns solar PV power plants in
Italy. The plants are operating under long-term sales
contracts.
This information is
subject of the disclosure requirements pursuant to section 5-12 of
the Norwegian Securities Trading Act.
IMORTANT INFORMATION:
This announcement is not an
offer to sell or a solicitation of offers to purchase or subscribe
for securities of EAM Solar ASA. This announcement is not a
prospectus for the purposes of Directive 2003/71/EC (as amended,
together with any applicable implementing measures in any Member
State, the "Prospectus Directive"). Copies of this announcement may
not be sent to jurisdictions, or distributed in or sent from
jurisdictions, in which this is barred or prohibited by law. The
information contained herein shall not constitute an offer to sell
or the solicitation of an offer to buy, in any jurisdiction in
which such offer or solicitation would be unlawful prior to
registration, exemption from registration or qualification under
the securities laws of any jurisdiction. A decision to invest in
securities of EAM Solar ASA referred to in this announcement should
be based exclusively on the prospectus published by EAM Solar ASA
for such purpose.
This announcement and the
information contained herein is not for publication or distribution
into the United States of America and should not be distributed or
otherwise transmitted into the United States or publications with a
general circulation in the United States. This announcement does
not constitute an offer or invitation to subscribe for or to
purchase any securities in the United States of America. The new
shares referred to herein have not been and will not be registered
under the Securities Act or the laws of any state and may not be
offered or sold in the United States of America absent registration
or an exemption from registration under the U.S. Securities Act of
1933, as amended (the "Securities Act"). There will be no public
offering of the new shares in the United States of America.
The information contained
herein does not constitute an offer of securities to the public in
the United Kingdom. No prospectus offering securities to the public
will be published in the United Kingdom. This announcement is only
being distributed to and is only directed at (i) persons who are
outside the United Kingdom or (ii) to investment professionals
falling within article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (as amended, the "Order")
or (iii) high net worth entities, and other persons to whom it may
lawfully be communicated, falling within article 49(2)(a) to (d) of
the Order (all such persons together being referred to as "relevant
persons").
The new shares are only
available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such Shares will be engaged in only
with, relevant persons. Any person who is not a relevant person
should not act or rely on this announcement or any of its
contents.
Any offer of securities to
the public that may be deemed to be made pursuant to this
communication in any EEA Member State that has implemented
Prospectus Directive is only addressed to qualified investors in
that Member State within the meaning of the Prospectus
Directive.
This publication may contain
specific forward-looking statements, e.g. statements including
terms like "believe," "assume," "expect," "forecast," "project,"
"may," "could," "might," "will" or similar expressions. Such
forward-looking statements are subject to known and unknown risks,
uncertainties and other factors which may result in a substantial
divergence between the actual results, financial situation,
development or performance of EAM Solar ASA and those explicitly or
implicitly presumed in these statements. Against the background of
these uncertainties, readers should not rely on forward- looking
statements. EAM Solar ASA assumes no responsibility to up-date
forward-looking statements or to adapt them to future events or
developments.
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.