AINMT completes private placement of NOK 635 million (approx. USD 75 million)
Oslo, 15 June 2017 – AINMT AS has successfully completed a private placement of new shares. The placement was oversubscribed. In addition to the equity contribution from Access Media directly into AINMT Holdings AB, the total gross proceeds to the AINMT Group amounts to approximately USD 75 million. The net proceeds will, among other, be used to fund the AINMT Group’s investment in the Brazilian mobile telecommunications company Nextel Brazil.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES.
Reference is made to AINMT AS’s (“AINMT”) announcement dated 8 June 2017 regarding the contemplated private placement of between 1,463,225 – 5,775,886 new shares (the “Private Placement”) at a fixed offer price of NOK 110 per offer share (the “Offer Price”) raising gross proceeds of approximately NOK 161-635 million (approx. USD 19-75 million).
The completion of the Private Placement is conditional upon all necessary corporate resolutions being made by AINMT and AINMT Holdings AB, including without limitation (a) approval by an extraordinary general meeting of AINMT to be held on 16 June 2017 of the Private Placement, and (b) the approval of the shares to be issued by AINMT Holdings AB to AINMT AS in an extraordinary general meeting of AINMT Holdings AB to be held on or about 16 June 2017. The Private Placement is expected to be registered with the Norwegian Registry of Business Enterprises on or about 22 June 2017, following which the new shares will be tradable at the OTC market in Oslo, Norway.
Notification of allotment and payment instructions is expected to be sent to the applicants on 16 June 2017. A separate announcement containing details of exact number of shares to be issued, as well as allotment to existing major shareholders, will be distributed on 16 June 2017.
DNB Markets, a part of DNB Bank ASA and Pareto Securities acted as joint bookrunners for the private placement.
For further information, please contact:
Johan Michelsen, Deputy CEO, AINMT Holdings AB, +47 410 87 000
Endre Aaberg Johansen, Corporate Communications AS, tel: +47 41 61 06 05, email: firstname.lastname@example.org