Bli medlem
Bli medlem

Du är här

2016-04-08

Delta Lloyd: Results of Delta Lloyd's Rights Offering and Commencement of Rump Offering

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION
IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Strong investor support for rights issue

* Subscription period of Delta Lloyd's €650 million rights issue ended
yesterday
* 218,813,777 new ordinary shares subscribed for through the exercise of
Rights, representing a take up of 96.15% in the Rights Offering
* Rump Offering of 8,754,166 new ordinary shares commences today with
immediate effect

Delta Lloyd N.V. ("Delta Lloyd") announces that, in connection with its €650
million rights issue (the "Offering") of an aggregate of 227,567,943 new
ordinary shares with a nominal value of €0.20 each (the "Offer Shares") at an
issue price of €2.85 per Offer Share (the "Issue Price"), it received
subscriptions for 218,813,777 Offer Shares through the valid exercise of
transferable subscription rights (the "Rights") by eligible holders of such
Rights ("Eligible Persons"). This represents a take-up of approximately
96.15% of the aggregate Offer Shares offered in the Offering. The exercise
period for the Rights (the "Exercise Period") ended yesterday, 7 April 2016,
at 14:00 CET.

Rump Offering

Today, the 8,754,166 Offer Shares that were issuable upon the exercise of
Rights, but were not subscribed for during the Exercise Period (the "Rump
Shares") will be offered for sale by Goldman Sachs International, Merrill
Lynch International and Barclays Bank PLC (the "Joint Bookrunners") on behalf
of the syndicate of banks that led the Offering (collectively, the "Banks")
by way of private placements to institutional investors in the Netherlands
and certain other eligible jurisdictions at a price at least equal to the
Issue Price and any expenses related to procuring such subscribers (including
any value added tax, if any), in accordance with the terms and conditions set
out in an underwriting agreement between Delta Lloyd and the Banks dated 23
March 2016 (the "Underwriting Agreement") and as set out in the prospectus
for the Offering dated 23 March 2016 (the "Prospectus") (the "Rump
Offering").

The Joint Bookrunners shall, subject to the satisfaction of conditions
contained in, and on the terms of, the Underwriting Agreement, use their
reasonable endeavours to procure subscribers for the Rump Shares. In
accordance with the terms, and subject to the conditions of the Underwriting
Agreement, the Banks have agreed to subscribe themselves for any Offer Shares
or Rump Shares validly subscribed for during the Exercise Period or in the
Rump Offering, respectively, but not paid for, and any Rump Shares not
validly subscribed for in the Rump Offering,pro rata
to their respective underwriting commitments at the Issue Price.

The Rump Offering will commence with immediate effect and is expected to end
at short notice but at the latest before 17:40 CET today.

Upon the completion of the Rump Offering, if the aggregate proceeds for the
Rump Shares offered and sold in the Rump Offering (after deduction of selling
expenses related to procuring such subscribers (including any value added
tax) exceed the aggregate Issue Price for such Rump Shares (such amount, the
"Excess Amount"), this Excess Amount will, subject to certain conditions, be
paid as follows: each holder of a Right that was not exercised at the end of
the Exercise Period will be entitled to receive a part of the Excess Amount
in cash, proportional to the number of unexercised Rights reflected in such
holder's securities account, but only if that amount is equal to or exceeds
€0.01 per unexercised Right.

Delta Lloyd cannot guarantee that the Rump Offering will be successfully
completed. Should the Rump Offering take place, neither Delta Lloyd, the
Banks nor any person procuring buyers of Rump Shares will be responsible for
any lack of Excess Amount arising from any placement of the Rump Shares in
the Rump Offering. Allotment of Offer Shares issued pursuant to the Offering
is expected to take place immediately after closing of the Rump Offering.
Issuance of, payment for and delivery of the Offer Shares is expected to
occur on 11 April 2016.

Delta Lloyd expects that the Offer Shares will be listed, and that trading in
the Offer Shares will commence, on Euronext Amsterdam and Euronext Brussels
at 09:00 CET on or about 11 April 2016, barring unforeseen circumstances.

Additional information

For more information on the Offering and Delta Lloyd, see the Prospectus dated
23 March 2016 (the "Prospectus") as approved by the Netherlands Authority for
the Financial Markets (Autoriteit Financiële Markten
) (the "AFM"). Copies (in print) of the Prospectus may be obtained by Eligible
Persons at no cost at Delta Lloyd's head office. Alternatively, the
Prospectus can also be accessed by Eligible Persons electronically on the
website of Delta Lloyd atwww.deltalloyd.com.

Full press release
http://hugin.info/142905/R/2001834/738657.pdf

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Delta Lloyd via Globenewswire

HUG#2001834

Författare Hugin

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.