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Weifa ASA : Approved Prospectus and commencement of Subscription Period


Oslo, Norway, 26 May 2015

Weifa ASA (OSE: WEIFA), reference is made to the stock exchange announcement
by Weifa ASA ("Weifa") on 15 May 2015 and 20 April 2015 regarding the
contemplated sale of Weifa's B2B business and tablet production to the newly
established company Vistin Pharma AS, and the contemplated equity issue (the
"Offering") in Vistin Pharma ASA (the "Company" or "Vistin Pharma").

The Financial Supervisory Authority of Norway has approved a prospectus
prepared by the Company covering the following:

Offering and listing of 15,554,935 New Shares with tradable subscription
rights for existing shareholders of Weifa as per the end of 19 May 2015
("Rights Offering").

Offering and listing of 1,500,000 Employee Offer Shares directed towards the
executive management, Board of Directors and employees of the Company
("Employee Offering").

The Offering

The Offering consists of two tranches;

* 15,554,935 new shares at NOK 10.00 per new share (the "New Shares") are
directed towards the shareholders of Weifa as of 19 May 2015 (the "Rights
Offering"), who are not resident in a jurisdiction where such offering
would be unlawful or would (in jurisdictions other than Norway) require any
prospectus filing, registration or similar action (the "Eligible
Shareholders"); and
* 1,500,000 new shares at NOK 10.00 per new share (the "Employee Offer
Shares") are directed towards the Company's full-time employees, executive
management and Board of Directors (the "Employee Offering").

The Offering is fully guaranteed primarily by large existing shareholders of
Weifa. The underwriters will receive a guarantee commission of 2% of their
guaranteed amount, subject to completion of the Offering. Each Underwriter's
obligation is subject to approval of the listing of the Company's shares on
Oslo Axess by the board of directors of Oslo Børs. For further information
regarding the underwriter agreement, please see section 6.1.3 "The
Underwriting and the Underwriting Syndicate" in the Prospectus.

The Rights Offering

The Rights Offering comprises an offering of 15,554,935 New Shares at a
subscription price of NOK 10.00, corresponding to gross proceeds of
approximately NOK 155 million. The Rights Offering will be directed towards
the shareholders of Weifa as of close of the Oslo Stock Exchange on 19 May
2015, as registered in the Norwegian Central Security Depository (VPS) on 21
May 2015 ("Record Date") who are not resident in a jurisdiction where such
offering would be unlawful, or for jurisdictions other than Norway, would
require any filing, registration or similar action. Regarding further
restrictions in respect of who may be allocated or permitted to acquire or
exercise Subscription Rights/subscribe for New Shares, reference is made to
section 6.2.4 "Subscription Rights" and Section 16 "Selling and
Transfer Restrictions" in the Prospectus.

Subscription Period:

From and including 26 May 2015 to 4 June at 16:30 CET.

Subscription Price:

The subscription price in the Rights Offering is NOK 10.00 per New Share.

Subscription Rights:

Each Eligible Shareholder will be granted one (1) Subscription Right for every
102 Weifa ASA shares owned as of the Record Date. One Subscription Right
will, subject to applicable securities law, give the holder the right to
subscribe for and be allocated one New Share in the Company in the Rights
Offering. Oversubscription is allowed. Subscription without Subscription
Rights is not permitted.

The Subscription Rights will be tradable and listed on Oslo Axess with ticker
code "VISTIN T". The trading period for the Subscription Rights is from and
including 26 May 2015 to 2 June 2015 at 16:30 CET.

The Subscription Rights are expected to have an economical value. Please note
that Subscription Rights that are not used to subscribe for New Shares before
the end of the Subscription Period or sold before 16:30 CET on 2 June 2015
will lapse without compensation and consequently be of no value.

Listing of Vistin Pharma on Oslo Axess

Vistin Pharma ASA applied for admission to trading of its Shares on Oslo Axess
on 23 April 2015 and the listing application will be considered by the board
of directors of the Oslo Stock Exchange on 26 May 2015. Listing of the
Company is expected to be conditional upon the following:

* Prior to the first day of listing, the requirement for the number of
shareholders as stipulated in Oslo Axess Listing Rules, section 2.4.2, is
* At least 25% of the shares to be listed are held by the general public as
required by the Oslo Axess Listing Rules, section 2.4.1;
* That the Company raises at least NOK 170 million in new equity through the
contemplated Offering; and
* Completes the Sale and Offering as planned

There is no guarantee that the Company will fulfill the above mentioned
conditions and that the Oslo Stock Exchange approves the Company's listing
application. Trading in the Subscription Rights is on the investors own risk,
and the investors will not be reimbursed for costs incurred when acquiring
Subscription Rights in the event that the Company does not complete the
Offering and the Shares are not listed on Oslo Axess.

Given approval of the Company's listing application and fulfilment of the
above conditions, Vistin Pharma ASA expects commencement of trading in the
Shares on Oslo Axess on or around 10 June 2015. The Shares will be listed
under the ticker symbol "VISTIN".

For further information regarding Vistin Pharma and the contemplated
transactions, please refer to the stock exchange notices published by Weifa
on 13 March 2015 (including the launch presentation), 20 April 2015 and 15
May 2015, and the Prospectus.

The Offering is managed by Carnegie AS. Advokatfirmaet Schjødt AS has acted as
legal adviser (as to Norwegian law) in connection with the Offering.

The Prospectus together with the Subscription Form will be available at and, and will also be available free of charge
at the business offices of the Company (Østensjøveien 27, 0661 Oslo) and
Carnegie (Grundingen 2, Aker Brygge, 0106 Oslo). Norwegian investors with a
VPS account can in addition subscribe for New Shares in the Rights Offering
online at

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act and pursuant to the Continuing
Obligations of stock exchange listed companies.


Gunnar Manum
+47 951 79 190

Important information:

The release is not for publication or distribution, in whole or in part
directly or indirectly, in or into Australia, Canada, Japan or the United
States (including its territories and possessions, any state of the United
States and the District of Columbia).

This release is an announcement issued pursuant to legal information
obligations, and is subject of the disclosure requirements pursuant to
section 5-12 of the Norwegian Securities Trading Act. It is issued for
information purposes only, and does not constitute or form part of any offer
or solicitation to purchase or subscribe for securities, in the United States
or in any other jurisdiction. The securities mentioned herein have not been,
and will not be, registered under the United States Securities Act of 1933,
as amended (the "Securities Act"). The securities may not be offered or sold
in the United States except pursuant to an exemption from the registration
requirements of the 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. Copies of
this announcement are not being made and may not be distributed or sent into
Australia, Canada, Japan or the United States. The issue, exercise, purchase
or sale of subscription rights and the subscription or purchase of shares in
the Company are subject to specific legal or regulatory restrictions in
certain jurisdictions. Neither the Company nor the Manager assumes any
responsibility in the event there is a violation by any person of such

The distribution of this release may in certain jurisdictions be restricted by
law. Persons into whose possession this release comes should inform
themselves about and observe any such restrictions. Any failure to comply
with these restrictions may constitute a violation of the securities laws of
any such jurisdiction. Carnegie is acting for the Company and no one else in
connection with the Offering and will not be responsible to anyone other than
the Company for providing the protections afforded to their respective
clients or for providing advice in relation to the Offering and/or any other
matter referred to in this release.



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: Weifa ASA via Globenewswire


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