Indicative Offer Price Range Set At DKK 71-89 Per Share

NTG Nordic Transport AS

24/09/2019 10:01

Sept 24 (Reuters) - NeuroSearch A/S, Nordic Transport Group
A/S:
    * ANNOUNCES INDICATIVE PRICE RANGE RELATED TO THE
CONTEMPLATED
INDIRECT PUBLIC OFFERING OF NORDIC TRANSPORT GROUP THROUGH
NEUROSEARCH 
    * INDICATIVE OFFER PRICE RANGE IS OF DKK 71 - DKK 89 PER
OFFER
SHARE, CORRESPONDING TO A MARKET CAPITALISATION OF NEUROSEARCH
AND NTG COMPANY AND ITS CONSOLIDATED SUBSIDIARIES OF ABOUT DKK 2
BILLION - DKK 2.5 BILLION
    * OFFERING COMPRISES OFFER OF UP TO 10.6 MILLION SHARES
(EXCLUDING
ANY SHARES PURCHASED UNDER THE OVERALLOTMENT OPTION)
    * NEUROSEARCH WILL OFFER UP TO 3.5 MILLION NEWLY ISSUED
SHARES
THAT WILL RAISE GROSS PROCEEDS OF ABOUT DKK 250 MILLION
    * THE SELLING SHAREHOLDERS WILL OFFER UP TO 7.1 MILLION
SHARES AT
THE TOP-END OF THE OFFER PRICE RANGE, UP TO 7.0 MILLION SHARES
AT THE MID-POINT OF THE OFFER PRICE RANGE AND UP TO
7.0 MILLION SHARES AT THE BOTTOM-END OF THE OFFER PRICE RANGE
(EXCLUDING ANY SHARES PURCHASED UNDER THE OVERALLOTMENT OPTION) 
    * OVERALLOTMENT OPTION IS OF UP TO AN ADDITIONAL 1.6 MILLION
SHARES
    * OFFERING IS EXPECTED TO RESULT IN A FREE FLOAT OF BETWEEN
38.8%
AND 40.9% OF NEUROSEARCH'S SHARE CAPITAL FOLLOWING COMPLETION OF
THE OFFERING
    * OFFER PRICE IS EXPECTED TO BE ANNOUNCED ON OCT. 7 
    * TRADING AND OFFICIAL LISTING OF THE OFFER SHARES ON NASDAQ
COPENHAGEN IS EXPECTED TO BE OCT. 9 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEbNhmM0
    
 Further company coverage:  NEUR.CO  
   


 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920))