Helsinki, Finland, 2013-02-08 07:30 CET (GLOBE NEWSWIRE) --
Ixonos Plc Stock Exchange Release 8 February 2013 at 8:30
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Ixonos’s rights issue successfully completed
Ixonos Oyj's (“Ixonos”) rights issue of approximately EUR 4.23 million was successfully completed yesterday. According to the preliminary result, a total of 24,408,291 shares were subscribed for in the rights issue, representing approximately 121.2 per cent of the 20,136,645 shares offered. The underwriting commitments given in connection with the rights issue will, based upon the foregoing, not be used.
According to the preliminary result, approximately 94.6 per cent of the offered shares were subscribed for with subscription rights and the remaining shares in the secondary subscription without subscription rights. The Board of Directors of Ixonos will resolve to allocate shares subscribed for without subscription rights as follows:
- primarily to those who have subscribed for shares on the basis of subscription rights as well. If the rights issue is over-subscribed by such subscribers, the allocation to such subscribers will be made in proportion to the number of subscription rights exercised for subscription of shares by that subscriber and, if this is not possible, by drawing lots;
- secondarily to those who have subscribed for shares only without subscription rights and if the rights issue is over-subscribed by such subscribers, the allocation to such subscribers will be made in proportion to the number of shares subscribed for by that subscriber and, if this is not possible, by drawing lots;
- thirdly to the parties having given an underwriting commitment, as set out in the terms and conditions of the rights issue, up to the maximum amount and in accordance with the other terms and conditions of such underwriting commitment to the effect that the use of underwriting commitments is, if necessary, determined in proportion to the amount of the underwriting commitment and, if this is not possible, by drawing lots. The subscription period for the parties having given underwriting commitments ends on 13 February 2013 at 9:30 a.m. (Finnish time).
The shareholders and other investors that have used their right in the secondary subscription will be sent a confirmation letter on or about 14 February 2013, stating the number of shares to be distributed to such shareholder on the basis of the secondary subscription.
”I want to thank Ixonos’ present and new shareholders for the trust that they have shown in our company. I am very satisfied with the outcome of the rights issue and I believe that the fully subscribed offering will on its part facilitate the successful finalization of the company’s change process”, comments Esa Harju, Chief Executive Officer of Ixonos.
Trading in the interim shares, representing the shares subscribed for with subscription rights, will commence on NASDAQ OMX Helsinki Ltd. today, 8 February 2013. All shares subscribed for in the rights issue will be registered in the Finnish Trade Register on or about 14 February 2013 following which the interim shares will be combined with Ixonos's existing class of shares on or about 14 February 2013. The new shares will be subject to public trading on the official list of NASDAQ OMX Helsinki Ltd. together with the other Ixonos shares starting on or about 15 February 2013.
Ixonos will announce the final result of the rights issue on 13 February 2013, following the approval of the subscriptions by the Board of Directors.
Pohjola Corporate Finance Ltd is the lead manager of the rights issue.
Helsinki, 8 February 2013
IXONOS OYJ
Board of Directors
Additional information
Ixonos Oyj, Esa Harju, CEO, tel. +358 40 844 33 67, email. esa.harju@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main Media
DISCLAIMER
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia, Hong Kong, South Africa or Japan. These written materials do not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the offering are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company and Pohjola Corporate Finance Ltd assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland and which has implemented the Prospectus Directive (each, a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an “offer of securities to the public” means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression “Prospectus Directive” means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression “2010 PD Amending Directive” means Directive 2010/73/EU.
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