New Energy Investment Offers DONG Shares.

Courtesy of DONG.

Luxembourg-based New Energy Investment S.à r.l. (NEI) has launched an accelerated bookbuild offering to institutional investors of 10,509,527 existing shares in DONG Energy.

Goldman Sachs, Nordea and Danske Bank are acting as joint global bookrunners for the offering.

The offering corresponds to approximately 2.5% of the share in the Danish energy company.

NEI initially planned to sell up to 8,828,000 existing shares in DONG Energy, however, the investor subsequently decided to increase the amount of shares offered ”due to strong investor demand.”

DONG has announced they have received the following information:

• NEI has agreed to sell 7,500,000 existing shares in DONG Energy, equivalent to 1.78% of the existing shares in DONG Energy to institutional investors at a price of DKK 321 per share, pursuant to an accelerated bookbuild offering (the ‘Transaction’). NEI is a Luxembourg company indirectly owned by entities under the control of the Merchant Banking Division of The Goldman Sachs Group, Inc.

• Following settlement of the Transaction, NEI will hold 11,435,215 shares in DONG Energy corresponding to 2.7% of the existing shares in DONG Energy.

• NEI has agreed to a 60-day lock-up period from yesterday, subject to waiver with the prior written consent of a certain manager conducting the bookbuilding process and to certain customary exceptions.

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