Bank of Montreal Completes CAD$3.1 Billion Public Offering of Common Shares including Full Exercise of Over-Allotment Option
Bank of Montreal (TSX: BMO) has successfully completed a public offering of common shares priced at CAD$149.00 each, totaling CAD$3.1 billion in gross proceeds. The offering included a full exercise of the underwriters' over-allotment option, culminating in the issuance of 20,843,750 shares. These shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange. Notably, the shares sold have not been registered under the U.S. Securities Act, limiting their offer in the United States.
- Total gross proceeds of CAD$3.1 billion from the offering.
- Full exercise of the underwriters' over-allotment option, indicating strong investor demand.
- Potential dilution of existing shareholders due to the increase in total outstanding shares.
TORONTO, March 29, 2022 /PRNewswire/ - Bank of Montreal (TSX: BMO) (NYSE: BMO) (the "Bank") today announced that it has completed its previously announced offering of common shares at a price of CAD
The common shares sold pursuant to the offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and may not be offered, sold or delivered directly, or indirectly, in the United States absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act. This news release shall not constitute an offer to sell or a solicitation of an offer to buy such common shares in the United States or in any other jurisdiction where such offer is unlawful.
About BMO Financial Group
Serving customers for 200 years and counting, BMO is a highly diversified financial services provider - the 8th largest bank, by assets, in North America. With total assets of CAD
Internet: www.bmo.com; Twitter: @BMOMedia
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SOURCE BMO Financial Group
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