Brief: SpareBank 1 BV to issue rights and equity certificates

Sparebank 1 Sorost-Norge

30/10/2015 06:42

Oct 30 (Reuters) -  SpareBank 1 BV  SBVGV.OL : 
    * Said on Thursday proposed guaranteed rights issue towards existing equity certificates' 
holders of initial 250 million Norwegian crowns ($29.21 million) 
    * Additionally proposed new share issue directed towards employees and board members of 7.5 
million crowns  
    * Rights issue is guaranteed by consortium of banks in SpareBank 1-alliance 
    * Proposed that rights issue is carried out in line with market conditions 
    * Proposed that directed share issue towards employees and board members is carried out at a 
discount while observing a lockup period      
 
     
 Source text: http://bit.ly/1WmNcOv 
     
 Further company coverage:  SBVGV.OL   
    
 
($1 = 8.5592 Norwegian crowns) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))