NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES WOULD BE PROHIBITED BY APPLICABLE LAW.
Pertra will conduct a Private Placement of minimum NOK 600 million directed to institutional investors, including selected existing shareholders. The Private Placement will be carried out as a book-building process with an indicative price range between NOK 70-80 per share. The Private Placement will be made subject to approval by an Extraordinary General Meeting scheduled to be held 2 October 2006. The Company will conduct a management road show planned to commence at 18 September 2006. Pertra has appointed Pareto Securities ASA (Lead Manager), First Securities ASA (Co-Lead Manager) and Sparebanken Midt-Norge (Co-Manager) to arrange the Private Placement.
Investor and Press Conference
Pertra will present the transaction in a Company presentation to be held in Trondheim at Rica Nidelven Hotel Monday 18 September 2006 at 12.00 CET (noon) and in Oslo on Tuesday 19 September at 12.00 CET (noon) (venue to be confirmed).
This press release is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities. The distribution of this press release and the offer and sale of the securities in certain jurisdictions may be restricted by law. Any persons reading this press release should inform themselves of and observe any such restrictions.
This press release is not an offer of securities for sale in the United States. The offer and sale of the securities has not been, and will not be, registered under the United States Securities Act of 1933, as amended. The securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States.
The managers are acting solely for the Company in relation to the transaction. None of the managers is acting for, or responsible to, any person other than Pertra for providing the protections afforded to customers of the managers.