Brief: Sandnes Sparebank proposes terms of rights issue

Rogaland Sparebank

19/05/2016 08:00

May 19 (Reuters) - Sandnes Sparebank  SADG.OL : 
    * Said on Wednesday resolved the terms for the proposal to the Supervisory Board to resolve 
the fully underwritten rights issue in Sandnes Sparebank 
    * Proposed to reduce the statutory equity certificate capital to 71,058,110 Norwegian crowns 
 ($8.6 million) by a transfer of 639,522,990 crowns from the statutory equity certificate 
capital to the premium reserve 
    * Proposes a subscription price of 22.0 crowns per equity certificate 
 
     
  
     
 Source text for Eikon:  ID:nObitvp3ta  
     
 Further company coverage:  SADG.OL   
    
 
 
 
($1 = 8.3066 Norwegian crowns) 
 
 (Gdynia Newsroom) 
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