Brief: Pareto Bank Completes Private Placement, Plans Subsequent Repair Offering

Pareto Bank ASA

06/06/2019 08:28

June 6(Reuters) - Pareto Bank ASA  PARB.OL :
    * SAID ON WEDNESDAY HAD SUCCESSFULLY COMPLETED PRIVATE
PLACEMENT 
    * RAISED ABOUT NOK 400 MILLION IN GROSS PROCEEDS VIA PRIVATE
PLACEMENT OF 10.8 MILLION NEW SHARES AT PRICE OF NOK 37.00 PER
SHARE
    * PRIVATE PLACEMENT TOOK PLACE VIA ACCELERATED BOOKBUILDING
PROCESS MANAGED BY DNB MARKETS AND PARETO SECURITIES AS ACTING
AS JOINT BOOKRUNNERS AFTER CLOSE OF TRADING ON OSLO BØRS ON JUNE
5
    * INTENDS TO CARRY OUT SUBSEQUENT REPAIR OFFERING OF UP TO
1.1 MLN
NEW SHARES AT NOK 37.00 PER SHARE
    * OVER-SUBSCRIPTION IN REPAIR OFFERING WILL BE PERMITTED 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nObitBbqva
    
 Further company coverage:  PARB.OL  
   


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