TomTom raises approximately EUR 457 million through equity issuance
TomTom raises approximately EUR 457 million through equity issuance
TomTom raises approximately € 457 million through equity issuance 8.16 million new ordinary shares will be issued at € 56
Amsterdam, 4 December 2007 - TomTom N.V. (“TomTom”) announces that it has successfully placed 8,156,250 new ordinary shares at a price of € 56 per share, raising gross proceeds of approximately € 457 million.
Payment and delivery of the shares is expected to take place on 7 December 2007 at which date the new ordinary shares are expected to be admitted to trading and listing on Euronext Amsterdam by NYSE Euronext.
After settlement of the offering TomTom will have 121,747,942 ordinary shares outstanding.
ABN AMRO Rothschild, Goldman Sachs and Rabo Securities acted as Global Co-ordinators in the offering.
The new ordinary shares are not and will not be offered to any person other than professional market parties within the meaning of Chapter 1:1 of the Financial Supervision Act (Wet op het financieel Toezicht).
No action has been taken by TomTom, ABN AMRO Rothschild, Goldman Sachs International or Rabo Securities that would permit an offer of shares or other securities in TomTom or the possession or distribution of this announcement or any other offering or publicity material relating to such shares or securities in TomTom in any jurisdiction where action for that purpose is required.
The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and thereby persons in such jurisdictions into which this announcement is released, published or distributed, should inform themselves about, and observe such restrictions.
This announcement is not an offer of securities for sale into the United States. The offer and sale of the securities referred to in this announcement has not been, nor will it be, registered under the United States Securities Act of 1933 and the securities may not be offered or sold in the United States absent such registration or an applicable exemption from registration. There will be no public offering of the securities in the United States in connection with this transaction.
This announcement is for information purposes only and is not an offer to sell, or the solicitation of an offer to buy, any securities.
Members of the general public are not eligible to take part in the Offering. The Offering will only be available to and directed at the following persons in the United Kingdom: (i) "qualified investors" within the meaning of section 86(7) of the UK Financial Services and Markets Act 2000; (ii) persons having professional experience in matters relating to investments who fall within Article 19(1) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"); and (iii) persons falling within Articles 49(2)(a) to (d) of Financial Promotion Order (high net worth corporations, unincorporated associations etc.). If you are in the United Kingdom and do not fall into one of the above categories, you will not be eligible to participate in the Offering, and you should not act upon, or rely on, this announcement.
Statements in this announcement regarding TomTom, the equity offering, the expected timing for completing the equity offering and any other statements about TomTom management's future expectations, beliefs, goals, plans, or prospects constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words "believes," "will," "plans," "anticipates," "expects" and similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including the ability to consummate the transaction and other factors described in TomTom's most recent annual report for the year ended 2006. TomTom disclaims any intention or obligation to update any forward-looking statements as a result of developments after the date of this announcement.