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EAM Solar ASA Announces Stabilization and Over-Allotment Option Notice


Monday, 25 Mar 2013 07:49am EDT 

EAM Solar ASA announced that Carnegie AS (the Stabilization Manager), on behalf of the Joint Bookrunners, may engage in stabilization activities in the shares of EAM Solar from the opening of trading on Oslo Axess on March 26, 2013 until the close of trading on April 25, 2013 (the Stabilization Period). The stabilization transactions are aimed to support the market price of the shares of EAM Solar. In connection with the Offering, the Stabilization Manager has borrowed shares from Sundt AS and over-allotted to the applicants in the Offering 112,000 shares in EAM Solar, equalling 10% of the total number of Offer Shares allotted in the Offering before over-allotments. Furthermore, the Company has granted the Stabilization Manager an over-allotment option pursuant to which the Stabilization Manager may subscribe for up to 112,000 new shares in EAM Solar at a price per share of NOK 100.00, which is equal to the offer price in the Offering. The Over-Allotment Option may be exercised at any time, within the Stabilization Period. The Stabilization Manager may close out the short position created by over-allotting shares by buying shares in the open market. The Stabilization Managermay effect transactions that stabilize or maintain the price of the shares of EAM Solar at a level higher than that which might otherwise prevail, by buying shares in EAM Solar in the open market at prices equal to or lower than the Offer Price. 

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