Nordic Nanovector - Private Placement Successfully Completed - Seite 2
- 5,511,946 New Shares will be pre-funded by the Managers (the "Tranche 2 Shares") to facilitate a swift registration of the share capital increase in the Norwegian Register of Business Enterprises (the "NRBE") and delivery of the Tranche 2 Shares on a delivery versus payment basis to the subscribers on or about 24 October 2019. The Board has resolved to issue the Tranche 2 Shares pursuant to the abovementioned Authorisation, and the Tranche 2 Shares will be tradeable on the Oslo Stock Exchange after the share capital increase pertaining to the Tranche 2 Shares has been registered in the NRBE on or about 22 October 2019.
Following registration of the new share capital pertaining to the Private Placement (including both the Tranche 1 Shares and the Tranche 2 Shares) in the NRBE, the Company will have an issued share capital of NOK 13,228,672.60, divided into 66,143,363 shares, each with a par value of NOK 0.20. The share capital increase pertaining to the Tranche 1 Shares is expected to be registered on or about 24 October 2019. The share capital increase pertaining to the Tranche 2 Shares is expected to be registered on or about 22 October 2019.
The Board will consider carrying out a repair offering of up to 2,204,778 new shares at a subscription price of NOK 22.00 per share towards shareholders in the Company as of 17 October 2019, as registered in the VPS on 21 October 2019, who were not allocated New Shares in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful, or would (in jurisdictions other than Norway) require any prospectus filing, registration or similar action. If the Board resolves to carry out a repair offering, the Company will call for an extraordinary general meeting to approve such repair offering. There can be no assurance that an extraordinary general meeting of the Company will resolve a repair offering.
The following primary insiders were allocated shares in the Private Placement:
HealthCap VI L.P., a shareholder to whom one of the members of the Company's board of directors is associated, was allocated 454,545 shares in the Private Placement. Subject to completion of the Private Placement, it will hold a total of 6,165,378 shares, corresponding to 9.32 % of the issued share capital after completion of the Private Placement.