Nordicom A/S
Changes to the prospectus published September 7th 2010 – prospectus supplement no. 2
Nordicom A/S 28.09.2010 19:06 --------------------------------------------------------------------------- Since the publication of the prospectus on September 7th 2010 and the prospectus supplement no. 1 for prospectus dated September 8th 2010 events has occurred regarding the issuer that has caused changes in the information contained in the published prospectus. These events are: Entering of agreement regarding subscription of offer shares On September 27th 2010 the company has entered 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 the 'Consortium'), who together directly and indirectly own 1,491,700 shares in the company before the issue. Together with the Consortium the company has entered a conditional agreement ('the Agreement') regarding the subscription of 5,000,000 offer shares at DKK 10 nominal value and at a subscription price of DKK 10, corresponding to gross proceeds of DKK 50 mill. The offer shares will be subscribed at the terms stated in the prospectus. The Agreement is conditioned by the following: 1. That there has not been subscribed offer shares or called underwriting of the offer shares for more than DKK 39 mill. The Agreement will be annulled no matter how many offer shares there has been subscribed for through the utilization of pre-emtion rights (i.e. it is the underwriting guaranties that if the occasion arises will be reduced/not called) 2. That the bank creditors who represent more than 95% of the banks who have joined the bank agreement accept a net proceed of DKK 50 mill. 3. That the Consortium receive exemption by the Danish Financial Services Authority regarding the submission of a mandatory offer to the rest of the shareholders All the conditions in the Agreement, except the exemption by the Danish Financial Services Authority regarding the submission of a mandatory offer to the rest of the shareholders are fulfilled. Change of net proceeds in the bank agreement On September 27th 2010 the company has received acceptance by the bank creditors who represent more than 95% of the banks who have joined the bank agreement that the condition regarding a minimum net proceed has been lowered to DKK 50 mill. Entering of further underwriting The company has continuously throughout the subscription period received further underwriting from Norwegian investors of collectively DKK 15,5 mill. One of the underwriting agreements have a substantial size of DKK 6 mio., corresponding to 600,000 offer shares. This commitment has submitted by Solan Capital AS. At the present time the company can conclude, that it is unable to obtain net proceeds of DKK 100 mill. which means that some of the already entered underwriting and advanced commitments are no longer valid. This includes the two advanced commitments of HFI-Invest A/S of DKK 25 mill. and Artha Holding of DKK 20 mill. as well as other advanced commitments entered before June 30th 2010 of DKK 1 mill. --- o0o --- In connection with the above changes 'prospectus supplement no. 2 for prospectus dated September 7th 2010 for Nordicom A/S' has been prepared. The prospectus supplement should be read and interpreted in connection with the published prospectus dated September 7th 2010 as well as with the prospectus supplement no. 1 published September 8th 2010. The prospectus supplement is regarded as incorporated and to be part of the prospectus published September 7th 2010. Kind regards Nordicom A/S Board of Directors For further information/ comments please contact Managing Director of Nordicom A/S, Niels Troen, tel. +45 33 33 93 03, mobile: +45 51 51 23 42 News Source: NASDAQ OMX 28.09.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. 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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