October 19, 2012
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APPROVED PROSPECTUS AND SUBSCRIPTION PERIOD COMMENCES
Reference is made to the stock exchange notices published by Birdstep Technology ASA (the “Company”) 19 September and 12 October 2012 regarding the completed private placement of 20,000,000 New Shares (the “Private Placement”) and the contemplated subsequent offering of up to 5,000,000 Offer Shares (the “Subsequent Offering”).
The Financial Supervisory Authority of Norway approved the following prospectus 18 October 2012:
Listing of 20,000,000 New Shares resolved issued in connection with the Private Placement of 20,000,000 shares completed on 18
September 2012 at a subscription price of NOK 1.00, and listing of up to 5,000,000 Offer Shares to be issued in the Subsequent Offering.
Subsequent Offering of up to 5,000,000 Offer Shares at a subscription price of NOK 1.00 with pre-emptive rights for Birdstep’s
shareholders per 18 September 2012, with the exception of those shareholders who were allocated New shares in the Private Placement.
The Subsequent Offering comprises 5,000,000 subscription Rights, where each subscription right grants the right to subscribe for one (1) Offer Share. Each eligible shareholder will receive 0.1212 subscription rights per share owned 18 September 2012. Oversubscription is allowed.
The subscription period is from 22 October 2012 to 5 November 2012 at 17:30 CET. Subscription rights not used to subscribe for Offer Shares before the expiry of the subscription period will be of no value and will automatically lapse without compensation to the holder.
Eligible shareholders will be notified in a separate letter. Please refer to the prospectus for further information.
The Subsequent Offering is managed by Carnegie ASA. The rospectus together with the subscription form will be available at www.birdstep.com ( view page ) and www.carnegie.no, and will also be
available free of charge at the business offices of Birdstep Technology ASA and Carnegie ASA. Norwegian investors with a VPS account can in addition subscribe for Offer Shares online at www.carnegie.no.
For further information please contact:
Chief Executive Officer
+46 70 26 11 211
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.