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Telio Holding ASA Completes Acquisition of TeliaSonera AB's NextGenTel AS and Increases Share Capital


Thursday, 31 Jan 2013 10:48am EST 

Telio Holding ASA announced that it has completed the acquisition of TeliaSonera AB's TeliaSonera Norge Holding AB's (TS) NextGenTel AS (NGT) for a total consideration of NOK 601 million. As partial consideration in the Acquisition, the board of directors of Telio has resolved a share capital increase by issue of 2,690,480 new shares (the Consideration Shares) to TS at a subscription price of NOK 26.01766 per share, against shares in NGT as contribution in kind. The Consideration Shares have been subscribed by TS. Furthermore, the board of directors has resolved a share capital increase by issue of 1,200,000 new shares to T. D. Veen AS at a subscription price of NOK 25 per share, against set-off of a NOK 30 million loan provided by T. D. Veen AS to Telio for partial financing of the cash consideration in the Acquisition. The new shares have been subscribed by T. D. Veen AS. Following registration of the share capital increases with the Norwegian Register of Business Enterprises (Foretaksregisteret), the share capital of Telio will be NOK 2,328,318 divided into 23,283,180 shares, each with a nominal value of NOK 0.10. Telio holds 267,001 own shares and the number of shares outstanding will consequently be 23,016,179. 

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30 Sep 2014