All INTER RAO Lietuva offer shares allotted to investors
NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.
All INTER RAO Lietuva, a leading player in the electricity market in the Baltic countries and one of the largest independent suppliers of electricity in Lithuania, offer shares have been allocated to investors. Total over subscription for shares exceeded 26%.
Investors have been allotted 4,000,000 shares:
- 600,000 shares to retail investors whose orders have been reduced by 11.45% proportionally,
- 3,400,000 shares to institutional investors, while their demand was 27.75% higher than number of allotted shares.
Given the share offer price of EUR 5.85 (PLN 24.17) the value of the offering exceeds EUR 23m (PLN 96.7m) and the company’s post-offering market capitalization will be around EUR 117m (PLN 483m). After completion of the offering, new shareholders will hold 20% of the shares in INTER RAO Lietuva.
Debut on the Warsaw Stock Exchange, which will be the sole listing market for its securities, is expected on or around 18 December 2012.
Investment firm Orion Securities is acting as global coordinator of the IPO, Ernst&Young as financial auditors, while Baker & McKenzie and LAWIN are advising on legal aspects.
Contacts:
Jacek Jan Komar
Head of the Public Relations Department
INTER RAO Lietuva
Phone: +370 5 242 11 21
Fax +370 5 242 11 22
E-mail j.komar@interrao.lt
Disclaimer
The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to US persons unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. No public offering of the securities will be made in the United States.
This publication is for promotional purposes only and under no circumstances shall constitute or form part of, and should not be construed as, any offer for sale or subscription of, or solicitation of any offer to buy or subscribe for, any securities of AB INTER RAO Lietuva (the “Company”) in the United Kingdom, the United States, Australia, Canada or Japan (or in any jurisdiction to whom or in which such offer or solicitation is unlawful), nor should it or any part of it form the basis for a decision to invest in securities of the Company.
The offering prospectus (the “Prospectus”), prepared in connection with the public offering of the Company’s shares to investors in Poland and Lithuania, and admission of all of the Company’s shares to listing and trading on the Warsaw Stock Exchange (the “WSE”), is the sole legally binding document containing information on the Company and the public offering of its shares in Poland and Lithuania (the “Offering”).
On 23 November 2012 the Prospectus was approved by the Central Bank of the Republic of Lithuania (Lietuvos Respublikos Centrinis Bankas, the “CBRL”), the Lithuanian financial markets supervision authority, and was made available to the public once all the conditions provided under Art. 12 of the Law on Securities of the Republic of Lithuania dated 18 January 2007, as amended, and Art. 37 of the Polish Public Offering Act dated 29 July 2005 had been met, i.e., once the Polish Financial Supervision Authority was notified by the CBRL of the approval of the Prospectus and received a certificate of the approval of the Prospectus along with copy of the Prospectus and a translation of its summary into Polish.
The Prospectus in electronic form is available on the following websites: of the Company (www.interrao.lt) and UAB FMI Orion Securities (www.orion.lt). Printed copies of the Prospectus are available free of charge on request made to the Company or UAB FMI Orion Securities.