Om Telio

Listing and IPO Telio Holding ASA

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Listing and IPO Telio Holding ASA
 
  • Book-building period from 18 May to 30 May 2006
  • The offering comprise a share issue of 3 million new shares and a secondary sale of up to 1 million existing shares
  • Indicative price range from NOK 31 to NOK 37 per offer share
  • The offering values Telio Holding at NOK 652 million to NOK 778 million before the IPO (on a fully diluted basis including 2,796,200 options).
  • First day of listing on the Oslo Stock Exchange is expected to be on or about 2  June 2006
 
Oslo May 15, 2006, the board of directors of Telio Holding ASA resolved to offer up to 4 million shares through a share issue of 3 million new shares and a secondary sale of up to 1 million existing shares. The prospectus in connection with listing of Telio Holding ASA shares on Oslo Børs will be released 16 of May 2006.
 
The indicative price range is NOK 31 to NOK 37 per share. This values the company at NOK 652 million to NOK 778 million before the IPO (on a fully diluted basis). The board of the company and the selling shareholders will jointly determine the final offer price after the end of the book-building period
 
Arild Nilsen, Chief Executive Officer of Telio, said:
 
"Telio is very proud to be the first pure play IP telephony operator listed in Europe, and - together with Vonage - in the world."
 
Further Mr. Nilsen commented:
 
"Telio has an advanced technological platform and the highest market penetration in Norway. This leading position will be further strengthened. The net proceeds are to be used for financing Telio's mobile and international expansion strategy, a more aggressive growth in Norway and potential acquisitions of companies in Norway and internationally." 
 
An important factor in Telio's success is a solid platform of satisfied customers. Therefore the company wants to offer shares to registered customers in Norway per 29 May 2006. Qualifying customers in Norway will receive a discount of 10 per cent per offer share relative to the offer price set in the book-building for allocations up to 400 shares. The customer offering will only be marketed in Norway to customers with Norwegian residence.
 
The company's issued share capital prior to the share issue is NOK 1,825,250 comprising 18,252,500 shares, each with a par value of NOK 0.1.
 
DnB NOR Markets and SEB Enskilda are the financial advisors for the company.
 
A prospectus has been prepared which provides full information on the company, the IPO, the secondary sale and plans for the stock market introduction. This document will be available
from the financial advisors or from Telio's head office in Oslo.
 
 
Contacts:
Arild Nilsen, CEO:                              +47 922 30 300
Kyrre Grinde-Andersen, CFO +47 996 44 900