Park National Corporation · AMEX:PRK
Park National — Merger or Acquisition (January 2018)
6 slides from Park National's merger presentation, Jan 23, 2018
Slide 1: Strategic Partnership and Expansion into North Carolina
January 23, 2018 NYSE AMERICAN: PRK | OTC PINK: NDMN and Strategic Partnership and Expansion into North Carolina
Slide 2: Forward-looking Statement Disclosure
Forward-looking Statement Disclosure Certain statements contained in this communication which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements can often, but not alw
Slide 3: Important Information about the Merger
Important Information about the Merger In connection with the proposed merger, Park will file with the SEC a Registration Statement on Form S-4 that will include a Proxy Statement of NewDominion and a Prospectus of Park, as well as other relevant documents concerning the proposed transaction. SHAREH
Slide 4: Transaction Overview
Park National / NewDominion – Transaction Overview 3 1. Based on the 20-day average PRK closing price as of January 19, 2018 2. Takes into account Park’s 8.55% existing ownership at a cost of $3.5 million or $0.54 per NewDominion share, initially made in November 2016 Deal value: Blended deal value:
Slide 5: Selected Highlights
Park National / NewDominion – Selected Highlights Pro Forma Branch Map Transaction Metrics1 Blended price per share / TBVPS: 200.9% Blended price per share / adj. TBVPS2: 188.1% Blended price per share / 2019 EPS w/ synergies: 13.4x NewDominion pro forma ownership: 2.8% 4 Park Branches (108)
Slide 6: Strategic Rationale
Park National / NewDominion – Strategic Rationale 5 Demographically accretive, given attractive Charlotte market demographics − Charlotte’s five-year population growth rate projected to be 11x Ohio average and 2x national average (Nielsen) − Charlotte is the largest metropolitan area in the Caroli