Completion of the offering and registration of share capital increase. With reference to announcements no. 1 of 3 March 2014 and no. 3 of 13 March 2014 regarding the initial public offering of shares in ISS A/S (the “Offering”), the share capital increase of 50,224,907 new shares, each with a nominal value of DKK 1, has today been registered with the Danish Business Authority. The Offering is thereby complete.
Following this share capital increase, the nominal share capital of ISS A/S is DKK 185,668,226, divided into 185,668,226 shares, each with a nominal value of DKK 1. Each share carries one vote at general meetings of ISS A/S.
The new shares are issued under the temporary ISIN (DK0060542264). The temporary ISIN will be merged with the permanent ISIN of the existing shares (DK0060542181) on NASDAQ OMX Copenhagen with effect from 19 March 2014. Hence, the last day of trading in the temporary ISIN (DK0060542264) will be 18 March 2014. In addition, the temporary ISIN will be merged with the permanent ISIN in VP SECURITIES with effect from 20 March 2014.
Repayment of existing senior secured facilities
In connection with the completion of the Offering, registration of the share capital increase and following satisfaction of certain conditions precedent, ISS has today requested drawdowns under its new unsecured senior facilities agreement, which was put in place on 18 February 2014. The amounts drawn under the new unsecured senior facilities agreement will, together with cash on hand and certain of the net proceeds of the Offering, today be used to repay in full ISS’ existing senior secured facilities under the senior facilities agreement dated 28 March 2005, as amended. For further information on ISS’ indebtedness, reference is made to the offering circular published by ISS on 3 March 2014.