Polarcus: Key Information relating to the Subsequent Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to announcements Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) published on 25 January and 26 January 2018 regarding the Private Placement. The Company intends to launch a subsequent offering with gross proceeds of up to approximately NOK 40 million with non-tradable subscription rights for Eligible Shareholders (the “Subsequent Offering”).
Date on which the terms of the Subsequent Offering were announced: 26 January 2018
Last day including right to receive subscription rights: 25 January 2018
First day excluding right to receive subscription right: 26 January 2018
Record date: 29 January 2018
Date of approval: Expected on or about 19 February 2018
Maximum number of new shares: up to 30,769,231
Subscription price: NOK 1.3 per share
The Subsequent Offering is conditional upon required resolutions by an extraordinary general meeting of the Company expected to be held on or about 19 February 2018, the conditions of the Private Placement being fulfilled as described in the announcement “Polarcus Private Placement successfully subscribed” issued on 26 Jan 2018 and approval and publication of a listing and offering prospectus.