Bermuda. Dockwise subsequent offering & allocation of shares to new investors
Friday, 27 November 2009
Reference is made to the announcement by Dockwise Ltd. on 4 November 2009 regarding the
subsequent offering, and the announcement made on 24 November 2009 of the preliminary results of the subsequent offering.
The trading in the subscription rights for the subsequent offering has now been settled in the VPS and pursuant to the information registered with the VPS, 84,707,431 new common shares will be issued to subscribers in the subsequent offering, provided however, that the new common shares will not be delivered to the subscribers before payment is received.
On basis of the final results of the subsequent offering, 60,681,660 new common shares will be issued to new investors in the directed placement. This implies that the number of new common shares allocated to the new investors in the directed placement has been reduced (claw back) as subscriptions in excess of 10,811,897 new common shares have been received in the subsequent offering.
On basis of the final results, the aggregate number of 183,122,011 new common shares offered in the directed placement and the subsequent offering will be issued for a total equity raising of USD 250 million.
Allocation letters will be sent to the subscribers today. Delivery of the new shares is expected to take place on or about 2 December 2009.
Fons van Lith
This information is subject to the disclosure requirements according to Section 5-12 of the Norwegian Securities Trading Act.
This information is not an offer of securities for sale in or into the United States, Australia, Canada or Japan. The securities have not been and will not be registered under the US Securities Act of 1933, as amended, ("US Securities Act") and may not be offered or sold in the United States unless registered under the US Securities Act or sold in a transaction exempt from registration.
Last Updated ( Friday, 27 November 2009 )
