/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE
MONTREAL, Feb. 2, 2012 /CNW Telbec/ - Laurentian Bank of Canada (TSX:
LB) (the "Bank") announces today the closing of its previously
announced equity financing having issued 1,325,100 common shares (the
"Common Shares") at $47.55 per Common Share for gross proceeds of
$63,008,505, including the exercise in full of the underwriters'
over-allotment option. The syndicate of underwriters was co-led by
CIBC, BMO Capital Markets and Laurentian Bank Securities Inc. and
included National Bank Financial Inc., TD Securities Inc., Desjardins
Securities Inc., Macquarie Capital Markets Canada Ltd., RBC Capital
Markets and Scotia Capital Inc.
The net proceeds from this financing will be used for the Bank's general
The securities offered have not been registered under the U.S.
Securities Act of 1933, as amended, and may not be offered or sold in
the United States absent registration or an applicable exemption from
the registration requirements. This press release shall not constitute
an offer to sell or the solicitation of an offer to buy nor shall there
be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Laurentian Bank
Laurentian Bank of Canada is a banking institution operating across
Canada and offering its clients diversified financial services.
Distinguishing itself through excellence in service, as well as through
its simplicity and proximity, the Bank serves individual consumers and
small and medium-sized businesses. The Bank also offers its products to
a wide network of independent financial intermediaries through B2B
Trust, as well as full-service brokerage solutions through Laurentian
Laurentian Bank is well established in the Province of Québec, operating
the third-largest retail branch network. Elsewhere throughout Canada,
it operates in specific market segments where it holds an enviable
position. Laurentian Bank of Canada has more than $24 billion in
balance sheet assets and more than $35 billion in assets under
administration. Founded in 1846, it has been selected as the Québec and
Atlantic Canada regional winner of the Canada's 10 Most Admired
Corporate CulturesTM program presented by Waterstone Human Capital. The Bank employs close
to 3,700 people.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
In this document and in other documents filed with Canadian regulatory
authorities or in other communications, Laurentian Bank of Canada may
from time to time make written or oral forward-looking statements
within the meaning of applicable securities legislation.
Forward-looking statements include, but are not limited to, statements
regarding the Bank's business plan and financial objectives. The
forward-looking statements contained in this document are used to
assist the Bank's security holders and financial analysts in obtaining
a better understanding of the Bank's financial position and the results
of operations as at and for the periods ended on the dates presented
and may not be appropriate for other purposes. Forward-looking
statements typically use the conditional, as well as words such as
prospects, believe, estimate, forecast, project, expect, anticipate,
plan, may, should, could and would, or the negative of these terms,
variations thereof or similar terminology.
By their very nature, forward-looking statements are based on
assumptions and involve inherent risks and uncertainties, both general
and specific in nature. It is therefore possible that the forecasts,
projections and other forward-looking statements will not be achieved
or will prove to be inaccurate. Although the Bank believes that the
expectations reflected in these forward-looking statements are
reasonable, it can give no assurance that these expectations will prove
to have been correct.
The Bank cautions readers against placing undue reliance on
forward-looking statements when making decisions, as the actual results
could differ considerably from the opinions, plans, objectives,
expectations, forecasts, estimates and intentions expressed in such
forward-looking statements due to various material factors. Among other
things, these factors include capital market activity, changes in
government monetary, fiscal and economic policies, changes in interest
rates, inflation levels and general economic conditions, legislative
and regulatory developments, competition, credit ratings, scarcity of
human resources and technological environment. The Bank further
cautions that the foregoing list of factors is not exhaustive. For more
information on the risks, uncertainties and assumptions that would
cause the Bank's actual results to differ from current expectations,
please also refer to the Bank's Annual Report under the title
"Integrated Risk Management Framework" and other public filings
available at www.sedar.com.
The Bank does not undertake to update any forward-looking statements,
whether oral or written, made by itself or on its behalf, except to the
extent required by securities regulations.
SOURCE LAURENTIAN BANK OF CANADA
For further information:
Public Affairs, Communications and Investor Relations
514 284-4500, extension 7511