GRUPO FINANCIERO BANORTE ANNOUNCES THE INTENTION TO EXERCISE OVER-ALLOTMENT OPTIONS
July 19 2013 - 8:50AM
OTC Markets
Following the material event published on July 16, 2013, by which
Grupo Financiero Banorte, S.A.B. de C.V. ("GFNORTE") (BMV:
GFNORTEO) announced the pricing of its offer of 389,018,940 (three
hundred and eighty-nine million, eighteen thousand, nine hundred
and forty) common shares, without taking into account the exercise
of the over-allotment options, at a price per share of Ps.71.50
(seventy-one and 50/100 Mexican pesos) in a public
offering in Mexico and a private offering in certain foreign
markets, GFNORTE announces that the Mexican underwriters and
international initial purchasers on July 17, 2013 indicated their
intention to exercise in full the over-allotment options granted to
them by GFNORTE for the aggregate purchase of an additional
58,352,841 (fifty-eight million, three hundred and fifty-two
thousand, eight hundred and forty-one) common shares. All of
the shares subject to the offering are expected to be settled on
July 22, 2013.
As a result, on July 22, 2013, the date scheduled for the
settlement of the offering, the proceeds from the offering of
447,371,781 (four hundred and forty-seven million, three hundred
and seventy-one thousand, seven hundred and eighty-one) common
shares equivalent to Ps.
31,987 million (thirty-one thousand nine hundred eighty seven
million Mexican pesos) approximately 2.5 billion U.S.
dollars, will be delivered to GFNORTE.
The offering was comprised of a public offering in Mexico conducted
on the Mexican Stock Exchange (Bolsa Mexicana de Valores,
S.A.B. de C.V.); the private offering outside of Mexico was
made (i) only to qualified institutional buyers in the United
States pursuant to Rule 144A under the U.S. Securities Act of 1933,
as amended (the "Securities Act") and (ii) outside of the United
States in reliance on Regulation S of the Securities Act.
The common shares will not be registered under the
Securities Act, and may not be offered or sold in the United States
without registration under the Securities Act or pursuant to an
applicable exemption from such
registration.
This press release is solely for informational purposes, pursuant
to the terms of article 50, section III, paragraph i) of the
General Provisions Applicable to Securities Issuers and other Stock
Market Participants (Disposiciones de Car?cter General
Aplicables a las Emisoras de Valores y a Otros Participantes del
Mercado de Valores), and does not constitute an offering of
subscription or sale, nor an application to subscribe or sell
shares of GFNORTE in Mexico, the United States or any other
jurisdiction.
This release contains forward-looking statements within the meaning
of Section 27A of the Securities Act, and Section 21E of the
Securities Exchange Act of 1934, as amended. Words such as
"believe," "intend," "anticipate," "should," "estimate," "seek,"
"expect," "could," "plan," "will," and similar expressions are
intended to identify forward?looking statements but are not the
exclusive means of identifying such statements. By their very
nature, forward?looking statements involve inherent risks and
uncertainties, both general and specific, and risks exist that the
predictions, forecasts, projections and other forward?looking
statements will not be achieved or will differ from actual
results. You are cautioned that any such forward-looking
statements are not guarantees of future performance and that a
number of risks and uncertainties could cause actual results to
differ materially from those anticipated in the forward-looking
statements.
GFNORTE
reiterates to the investment public that it expects to continue
adopting the best international corporate practices regarding
Corporate Governance and information disclosure. The
Financial Group expects to maintain its strategic and expansion
plans to consolidate a leading institution in Mexico; in this
sense, we will timely inform the investment community regarding the
strategy execution and evolution of our operations. The
Investor Relations Department is available for any inquiry or
comment regarding this material event at: investor@banorte.com or
at the number (55) 52.68.16.80.
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