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Solon Eiendom – Share capital increase registered

(Oslo, Norway, 20 December 2016) The share capital increase pertaining to New Private Placement Shares has now been registered in the Norwegian Register of Business Enterprises.

Solon Eiendom ASA

STOCK EXCHANGE ANNOUNCEMENT
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG OR THE UNITED STATES

Solon Eiendom – Share capital increase registered

(Oslo, Norway, 20 December 2016) Reference is made to the stock exchange announcements by Solon Eiendom ASA ("Solon" or the "Company", ticker "SOLON") published on 23 and 24 November 2016 regarding a private placement of 2,000,000,000 shares in the Company (the "Private Placement"), of which 1,000,000,000 shares were placed as newly issued shares (the "New Private Placement Shares") and 1,000,000,000 were placed through a coordinated secondary sale and the stock exchange announcement announced on 14 December 2016 regarding a completed extraordinary general meeting of the Company.

The share capital increase pertaining to New Private Placement Shares has now been registered in the Norwegian Register of Business Enterprises.

Solon's new share capital is NOK 905,234,438.70 divided into 9,052,344,387 shares with a par value of NOK 0.10 per share. Each share gives one vote at the Company's general meeting.

The new shares will be registered in the Norwegian Central Securities Depository on a separate ISIN. The listing of the shares issued in the Private Placement is subject to a prospectus being approved by the Norwegian Financial Supervisory Authority and published by the Company. Following such approval and publishing, the shares issued in the Private Placement will be converted to the ordinary ISIN of the Company's shares and be made tradable on Oslo Børs. The prospectus, expected to be published in the middle of January 2017, will contain further details about, inter alia, the Private Placement.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. 

Further information
Simen Thorsen
Chairman of the Board, Solon Eiendom ASA
E-mail: st@soloneiendom.no
Cell Phone: +47 918 86 886

Andreas Martinussen
Chief Executive Officer, Solon Eiendom ASA
E-mail: am@soloneiendom.no
Cell Phone: +47 400 00 405

Announcement in pdf