Columbus IT Partners A/S has completed fully subscribed offering of shares with pre-emptive rights, resulting in gross proceeds of DKK 50.2M
Columbus IT Partners A/S has completed fully subscribed offering of shares with pre-emptive rights, resulting in gross proceeds of DKK 50.2M
July 20, 2010 at 4:39 PM EDT
Columbus IT Partner A/S (”Columbus IT” or ”The Company”) announces that the Company's offering of 26,434,873 new shares at a price of DKK 1.90 per share with pre-emptive rights for existing shareholders, has been successfully subscribed. A minor number of the offered shares (2.82%) were not subscribed, and hence they were subscribed by the underwriter, Consolidated Holdings A/S. Consolidated Holdings A/S has of technical reasons subscribed the new shares connected to the newly acquired shares incl. subscription rights from Gaardboe Holding ApS, on the basis of the underwriting agreement and are hence not included in figure. The offering amounts to gross proceeds of DKK 50.2M. After deduction of costs related to the offering, net proceeds amount to app. DKK 47.9M at Columbus IT's disposal. As mentioned in the prospectus employee share warrant schemes will not be adjusted as a consequence of the capital increase. After registration of the 26,434,873 new shares with a nominal value of DKK 1.25, the aggregated nominal share capital of Columbus IT amounts to DKK 132,174,366.25, corresponding to 105,739,493 shares with a nominal value of DKK 1.25. The new shares will have the same rights as Columbus IT's existing shares and carry the right of dividend as of the financial year 2010. The capital increase is expected to be registered at The Danish Commerce and Companies Agency on 21 July 2010. The new shares are expected to be officially listed for trade at NASDAQ OMX Copenhagen A/S on 22 July 2010 under the same code as the existing shares, DK0010268366. Ib Kunøe Claus E. Hansen Chairman of the Board Chief Executive Officer Columbus IT Partner A/S Columbus IT Partner A/S Contact for further details: Claus E. Hansen, CEO T: (+45) 70 20 50 00. Translation: In the event of any inconsistency between this document and the Danish language version, the Danish language version shall be the governing version.