Placement of New Shares by Tender Offer

Placement of New Shares by Tender Offer

 

Reference is made to Opticom's notice on 19 May, where the period for submitting tender offers for new shares in Opticom ASA was extended until 31 May.

 

The combined volume of the tender offers received is in excess of the minimum issue specified in the Invitation to Tender. The Company has therefore decided to proceed with a Private Placement of between 1 million and 1,293,274 shares at a price of NOK 45 per share with a restriction of three months on the sale of shares. In accordance with the Invitation to Tender the Company will now inform the successful tenderers by letter and seek to complete the subscription process. On completion and settlement of the share subscriptions the Company will announce the exact number of shares placed. Further announcements will be made in due course.

 

1 June 2005

Opticom ASA