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RASMUSSENGRUPPEN AS Divests Entire Holding in ABG Sundal Collier Holding ASA

Wednesday, 7 Aug 2013 02:52am EDT 

ABG Sundal Collier Holding ASA (ASC) announced that the Company has sold a total of 55,750,488 shares on behalf of a client at share price NOK 4.0. Earlier on August 7, 2013 it was communicated that RASMUSSENGRUPPEN AS has divested its entire holding in ABG Sundal Collier Holding ASA of 55,750,488 shares, corresponding to 12.63% of the Company's share capital. ASC bought on August 6, 2013 a total of 510,288 of its own shares in the announced placement at a price of NOK 4.0 per share, and owns 3,460,288 treasury shares following the transaction. Due to oversubscription in the announced placement, ABG Sundal Collier Holding ASA's original subscription of 2,000,000 shares was reduced due to rules of allocation and client precedence.