NETS announces early close of IPO offering due to strong demand
21 September 2016 | 2872 views | 0
With reference to company announcement no. 2/2016 dated 13 September 2016 and the offering circular dated 13 September 2016 in connection with Nets’ initial public offering and admission of its shares to trading and official listing on Nasdaq Copenhagen (the "Offering"), Nets today announces an early close of its Offering to both institutional and retail investors.
The Offering to institutional and retail investors will close on 22 September 2016 at 11:00 CET. The early close of the Offering is due to the aggregate demand from institutional and retail investors exceeding the expected allocation of offer shares.
Information about the result of the Offering, including final offer price, the final number of sold offer shares and the allocation of shares, is expected to be announced on 23 September 2016. The first day of trading of the temporary purchase certificates is expected to be 23 September 2016 under the symbol “NETS TEMP” (ISIN DK0060745453). On 29 September 2016, the temporary purchase certificates is expected to be automatically exchanged in VP SECURITIES A/S for a corresponding number of shares in Nets delivered under the permanent ISIN (DK0060745370), which is expected to be admitted to trading and official listing under the symbol “NETS” on 28 September 2016.
Payment for and settlement of the offer shares delivered in the form of temporary purchase certificates are expected to take place on or around 27 September 2016 against payment in immediately available funds in Danish kroner.