0/03-2017 16:30:00: (FUNCOM) Funcom N.V: Contemplated sale of shares and bond conversion
ABG Sundal Collier ASA (the “Manager”) has received an order
to sell up to 20,000,000 shares in Funcom N.V (“Funcom” or
the “Company”) from KGJ Investments S.A. SICAV-SIF (“KGJI”),
a company controlled by Mr. Hans Peter Jebsen. The
transaction is to be conducted by way of an accelerated
bookbuilding process which will commence immediately
following the publication of this announcement and may be
closed at short notice at the full discretion of the Manager.
The number of shares offered for sale represent
approximately 7.88 per cent of the share capital and voting
rights in the Company. Assuming all shares offered are sold,
KGJI and other companies, directly or indirectly, controlled
by Mr. Hans Peter Jebsen will hold/entitled to (depositary
ownership) 47,232,367 shares equal to approximately 18.60
per cent of the share capital in the Company (based on
253,949,161 shares outstanding).
Following the above, and assuming all 20,000,000 shares are
sold, the «Total capital interest» for companies controlled
directly or indirectly by Mr. Hans Peter Jebsen will be
44.64 per cent, whereby this «Total capital interest» is
calculated as the number of shares owned plus potential
shares issued in the future from conversion of bonds,
divided by the current issued share capital of Funcom.
Subject to completion of the transaction, KGJI and other
companies, directly or indirectly, controlled by Mr. Hans
Peter Jebsen have undertaken not to dispose any additional
shares in the Company until the Company announces its first
quarter 2017 financial accounts, scheduled for 16 May 2017,
without written consent of the Manager.
KGJI reserves the right, at its own discretion, to sell
fewer shares or none at all. Assuming the completion of the
transaction, KGJI intends to subsequently convert a portion
of its current holding of Funcom bonds to equity. Upon such
conversion, KGJI’s shareholding in Funcom is expected to be
equal to or higher than the shareholding before the sale of
shares.
For further information, please contact:
ABG Sundal Collier, +47 22 01 60 00
Ekstern link: http://www.newsweb.no/index.jsp?messageId=423788
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