Brief: Sparebank 1 Østlandet: Contemplated Private Placement

Sparebank 1 Ostlandet

08/11/2018 15:49

Nov 8 (Reuters) - Sparebank 1 Ostlandet  SPOLT.OL :
    * SPAREBANK 1 ØSTLANDET – CONTEMPLATED PRIVATE PLACEMEN
    * IS CONTEMPLATING A PRIVATE PLACEMENT ( "PRIVATE
PLACEMENT") OF
EQUITY CAPITAL CERTIFICATES IN BANK
    * CONTEMPLATING A PRIVATE PLACEMENT WITH TARGET GROSS
PROCEEDS OF
UP TO NOK 700 MILLION
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO
STRENGTHEN
BANK'S COMMON EQUITY TIER 1 (CET1) CAPITAL
    * SUBSCRIPTION PRICE IN PRIVATE PLACEMENT WILL BE DETERMINED
BY
BOARD OF DIRECTORS THROUGH AN ACCELERATED BOOKBUILDING PROCESS

Source text for Eikon:  ID:nObi846lSa 
Further company coverage:  SPOLT.OL 

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