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NKT A/S publishes prospectus and initiates rights issue

Written by Customer Service on . Posted in Public Companies.

Company Announcement19 November 2020
Announcement No. 25NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.NKT A/S (the Company) today announces the initiation of a rights issue (the Offering) at a subscription ratio of 1:3 and subscription price of DKK 122 per new share. The Offering comprises up to 10,744,009 new shares, which are issued with pre-emptive rights to subscribe for the new shares for the Company’s existing shareholders. A prospectus regarding the Offering is available on the Company’s website investors.nkt.com (subject to certain restrictions).The key terms of the Offering are the following:The Offering comprises up to 10,744,009 new shares with a nominal value of DKK 20 eachThe subscription price is DKK 122 per new shareThe gross proceeds of the Offering will be approximately DKK 1,311m assuming all new shares are subscribed for in the OfferingEach of the Company’s existing shareholders will be allocated one (1) pre-emptive right for each one (1) existing share heldThe subscription ratio of the Offering is 1:3, meaning that three (3) pre-emptive rights will entitle the holder to subscribe for one (1) new shareExisting shares traded after 20 November 2020 at 5:00 p.m. CET will be traded without pre-emptive rights, provided that the existing shares are traded with the customary two-day settlementThe pre-emptive rights can be traded in the period commencing on 23 November 2020 and closing on 4 December 2020 at 5:00 p.m. CETThe subscription period for new shares commences on 25 November 2020 and closes on 8 December 2020 at 5:00 p.m. CETAny pre-emptive rights that are not exercised during the subscription period will lapse with no value, and the holder of such pre-emptive subscription rights will not be entitled to compensation. Such remaining shares may be subscribed for by existing shareholders of the Company and qualified investors during the subscription periodBackground to the Offering and use of proceeds

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