Minutes from extraordninary general meeting 13 june 2019

SOLON EIENDOM ASA: MINUTES FROM EXTRAORDINARY GENERAL MEETING 13 JUNE 2019

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to previous announcement by Solon Eiendom ASA (OSE: SOLON) (the “Company”) in respect of the successful placing of a private placement (the “Private Placement”) of 9,114,361 new shares (“New Shares”) in the Company, as published on 20 May 2019. The Private Placement is divided into two tranches. One tranche is consisting of 6,076,241 New Shares (“Tranche 1”) and a second tranche of 3,038,120 New Shares (“Tranche 2”). Reference is further made to the announcement by the Company dated 22 May 2019 regarding the notice convening an extraordinary general meeting (the “EGM”) in respect of Tranche 2.

The EGM was held today, and all the items on the agenda were approved, including approval of Tranche 2 of the Private Placement. As a result, all conditions for completion of Tranche 2 in the Private Placement have been satisfied. The minutes from the EGM are attached, in Norwegian and English.

Settlement of the allocated New Shares in Tranche 2 is expected to take place on or about 14 June 2019. The New Shares allocated in Tranche 2 will be registered under a separate ISIN pending approval of a listing prospectus by the Financial Supervisory Authority of Norway, and will not be listed or tradable on Oslo Børs until the listing prospectus has been approved, expected during June 2019.

ABG Sundal Collier ASA and Arctic Securities AS have acted as financial advisors and Advokatfirmaet BAHR AS acts as legal advisor to the Company in connection with the Private Placement

For further information, please contact:

Simen Thorsen, Chairman of the Board, Solon Eiendom ASA

Tel: +47 918 86 886, email: st@soloneiendom.no

 

Scott Danielsen, Chief Financial Officer, Solon Eiendom ASA

Tel: +47 952 55 620, email: sd@soloneiendom.no

 

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About Solon Eiendom ASA

Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region.

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

This announcement may not be distributed or sent into the United States or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. These materials are not an offer for sale of securities in the United States or any other country. The securities referred to herein have not been registered under the U.S. Securities Act of 1933, as amended (the «U.S. Securities Act»), and may not be sold in the United States absent registration or pursuant to an exemption from registration under the U.S. Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States.

Minutes from Extraordninary General Meeting

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