Brief: NTG Nordic Cancels Previously Announced Offering Of Shares

NTG Nordic Transport AS

07/10/2019 13:47

Oct 7 (Reuters) - NTG Nordic A/S  IPO-NTGN.CO :
    * PREVIOUSLY ANNOUNCED OFFERING OF SHARES IS CANCELLED
    * NO SHARES WILL BE SOLD TO INVESTORS
    * INDICATIVE OFFER PRICE RANGE WAS SET TO DKK 71 - DKK 89
    * OFFERING WAS FULLY SUBSCRIBED BY INSTITUTIONAL INVESTORS
AND
MORE THAN 2,500 RETAIL INVESTORS WITHIN OFFER PRICE RANGE
    * SHAREHOLDERS OF NTG AND SHAREHOLDERS IN CERTAIN
SUBSIDIARIES
WILL RECEIVE 21,119,679 NEW SHARES OF NOMINALLY DKK 20 EACH IN
NEUROSEARCH AT A SHARE PRICE OF DKK 89
    * HOWEVER, BASED ON NEUROSEARCH'S, NTG'S AND SELLING
SHAREHOLDERS'
DESIRE TO ACHIEVE A SUCCESSFUL OFFERING OF SHARES WITH AN
ORDERLY AFTERMARKET, IT HAS BEEN DECIDED TO CANCEL OFFER OF
SHARES
    * FOR NTG AS A COMPANY, CANCELLATION OF OFFERING WILL NOT
HAVE A
SIGNIFICANT IMPACT
    * "TURMOIL IN FINANCIAL MARKETS IN RECENT WEEKS HAS MEANT
THAT
ORDERS FROM ABROAD HAS NOT LIVED UP TO EXPECTATIONS"
    * PREVIOUSLY CONVENED EXTRAORDINARY GENERAL MEETING OF
NEUROSEARCH
TO ELECT NEW BOARD OF DIRECTORS, CHANGE COMPANY'S NAME TO "NTG
NORDIC TRANSPORT GROUP A/S", ETC. WILL STILL BE HELD TODAY

Source text for Eikon:  ID:nGNEwwP6q 
Further company coverage:  IPO-NTGN.CO 

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