NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES
Bergen, 1 December 2017
Reference is made to the announcement on 16 November 2017 regarding the launch of the repair offering (the "Repair Offering") in Monobank ASA (the "Company") and the national prospectus dated 16 November 2017 (the "Prospectus"). The Company hereby announces the final results of the Repair Offering.
The subscription period in the Repair Offering expired at 16:30 hours (CET) on 30 November 2017. Based on received subscriptions at the expiry of the subscription period in the Repair Offering, a total of 52,528 shares were allocated in accordance with the allocation criteria set out in the Prospectus. As a result, the Company will issue 52,528 new shares at NOK 3.70 per share, raising gross proceeds of NOK 194,354.
Notifications of allocated offer shares in the Repair Offering and the corresponding amount to be paid by each subscriber will be set out in a separate letter to each subscriber which is to be mailed 1 December 2017. Payment of the offer shares will fall due on 5 December 2017 in accordance with the payment procedures described in the Prospectus. Subject to full payment being received, the new shares in the Repair Offering are expected to be issued and delivered to the subscribers' VPS accounts on or about 13 December 2017.
Following registration of the new shares the total number of issued shares will increase by 52,528 from 248,265,675 to 248,318,203 shares, each of par value NOK 1. The new shares may not be transferred or traded before they are fully paid and the share capital increase pertaining to the Repair Offering has been registered with the Norwegian Register of Business Enterprises. The share capital increase relating to the Repair Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 13 December 2017.
Contact:
Bent H. Gjendem, CEO, +47 996 11 996
Lene Sjøbakk, CFO, +47 940 19 896
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About Monobank:
The Company was granted its banking license and a final approval from the Norwegian Financial Supervisory Authority, on 11 November 2015. It commenced regular banking operations on 19 November 2015.
The Company offers unsecured lending to qualified private individuals in Norway and Finland. The Company also offers attractive deposit rates on its savings accounts to private individuals in Norway. Deposits of up to NOK 2 million are guaranteed by the Norwegian Central Banks' Guarantee fund, of which Monobank is a member.
In addition, the Company offers optional payment insurance on loans in Norway in cases of unemployment, illness, death etc.
The Company is headquartered in Bergen and currently has 31 full-time employees.
The Company has been listed on Oslo Stock Exchange's Merkur Market since 16 February 2017 with the ticker symbol "MONO-ME".
Important information:
This announcement is not for publication or distribution, in whole or in part, directly or indirectly, in Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia).
This release is an announcement issued pursuant to legal disclosure of information obligations. It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Act of 1933, as amended (the "Securities Act"). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in United States. Copies of this announcement are not being made in, and may not be distributed or sent to, Australia, Canada, Japan or the United States. The subscription or purchase of shares of the Company is subject to specific legal and regulatory restrictions in certain jurisdictions. Neither the Company, ABG Sundal Collier nor Pareto Securities assume any responsibility in the event there is a violation by any person of such restrictions.
The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about, and observe, any such restrictions. Any failure to comply with these restrictions may constitute violation of the securities laws of any such jurisdiction. ABG Sundal Collier and Pareto Securities are acting for the Company and no one else in connection with the Subsequent Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients or for providing advice in relation to any other matter referred to in this announcement.
This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.