Nordicom A/S
Nordicom A/S – The requirement in the bank agreement for net proceeds is reduced to a minimum of DKK 50 m
Nordicom A/S 30.09.2010 09:49 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Cf. the latest company announcement, the company has entered into a conditional agreement with HFI af 27.09.2010 ApS, SB Holding 2009 ApS (a subsidiary of ALMC hf. - the former Straumur Burdaras investment bank) and Stodir hf. (together known as 'the Consortium'), regarding subscriptions of 5,000,000 offered shares, which, together with further pledges to subscribe, bring the company above the minimum amount required for the capital increase. The conditions are as follows: The requirement in the bank agreement for net proceeds of at least DKK 100 m is reduced to a minimum of DKK 50 m. The issuance is maximized to DKK 89 m. Existing shareholders are exempt from the submission of a mandatory take-over offer. Today a final approval from the credit institutions involved in the bank agreement has been received regarding validity of the bank agreement on the current terms, featuring a minimum capital increase of DKK 50 m. The first condition of the agreement has thereby been fulfilled. The agreement with the Consortium is therefore solely conditional on the following: The issuance is maximized to DKK 89 m. Existing shareholders are exempt from the submission of a mandatory take-over offer. Kind regards, Nordicom A/S Board of Directors For further information/ comments please contact the Managing Director of Nordicom A/S, Niels Troen, tel. +45 33 33 93 03, mobile: +45 51 51 23 42. News Source: NASDAQ OMX 30.09.2010 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Nordicom A/S Denmark Phone: Fax: E-mail: Internet: ISIN: DK0010158500 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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