Sponda Plc Stock Exchange Release 6 February 2007 at 5.30 pm
Not for release, publication or distribution, directly or indirectly, in or into
Australia, Canada, Japan or the United States.
Final result of the rights issue of Sponda
According to the final result of the rights issue of Sponda Plc, approximately
31.6 million shares, equalling approximately 99.5 percent of all the shares
offered, were subscribed for based on the subscription rights. Approximately
5,200 investors participated in the offering.
The joint global coordinators of the offering have also procured purchasers for
all the approximately 160,000 shares that were not subscribed for based on the
subscription rights. The average sale price amounted to approximately 11.83 euros
per share. The joint global coordinators shall pay the net proceeds of the sale
(proceeds from the sale of the remaining offer shares less the subscription price
of 7.80 euros per share, the fees of the joint global coordinators, transfer tax
and other costs) to the holders of the unexercised rights that had entitled the
holders thereof to subscribe for such remaining offer shares. It is expected that
the net proceeds will be paid on or about 13 February 2007.
The Board of Directors of Sponda has today approved all the subscriptions. The
gross proceeds raised by Sponda in the offering were approximately 247 million
euros prior to deduction of fees and expenses. Following the registration of the
increase in the share capital as a result of the offering, Sponda's registered
share capital will be 111,030,185 euros and will consist of 111,030,185 shares.
All shares subscribed for have been paid for in full. The shares subscribed for
will entitle their holders to full dividends declared by Sponda and all other
rights in the company conferred by the shares after the increase in the share
capital has been registered with the Trade Register.
The interim shares, representing the shares subscribed for in the offering,
commenced trading on 5 February 2007 on the Helsinki Stock Exchange. The increase
in the share capital based on the offering will be registered with the Finnish
Trade Register and the interim shares will be combined with Sponda's existing
shares on 9 February 2007.
Helsinki, February 6, 2007
Sponda Oyj
Further information:
Kari Inkinen, President and CEO, Sponda Plc, tel. +358 (0)9 6805 8202, +358
(0)400-402 653
Sponda Plc is a real estate company specializing in commercial properties mainly
in the Helsinki metropolitan area. Sponda's business concept is to own, lease and
develop office, retail and logistics properties into environments that promote
the business success of its clients. The fair value of Sponda's investment
properties is approximately EUR 2.8 billion euros and the leasable area is around
2 million m². Sponda is the largest real estate investment company listed on the
Helsinki Stock Exchange.
The information contained herein is not for release, publication or distribution,
directly or indirectly, in or into Australia, Canada, Japan or the United States.
This release does not constitute an offer to sell subscription rights or shares
in Australia, Japan, Canada or the United States (save for exemption regarding
the private placement). The shares referred to in the release may only be offered
or sold in the United States pursuant to an exemption from registration
requirements as provided for in the U.S. Securities Act of 1933, or in a
transaction not subject to the U.S. Securities Act of 1933 or any applicable laws
of the states of the United States. There is no intention to register this
offering or any portion of it in the United States or to conduct a public
offering of the shares in the United States.
This release does not constitute a direct or indirect offer to sell or acquire
securities, nor shall there be any sale of the shares in any jurisdiction in
which such offer or sale would be unlawful prior to registration of the shares,
exemption from registration requirement or other qualification under the
securities laws of any such jurisdiction.
This release does not constitute an offer of securities to the public in the
United Kingdom. No offering circular has been or will be registered in the United
Kingdom in respect of the securities, and consequently, the offering is directed
only to persons who (i) are outside the United Kingdom or (ii) are persons
falling within Article 19(5) ("investment professionals") of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (all such persons
together being referred to as "relevant persons"). This release or any of its
contents must not be acted on or relied on by persons who are not relevant
persons.
Merrill Lynch International and Nordea are acting for Sponda and for no-one else
in connection with the offering and will not be responsible to anyone other than
Sponda for providing the protections afforded to the respective clients of
Merrill Lynch or Nordea nor for providing any advice in relation to the offering.