Nov 5 (Reuters) - Aker Horizons ASA AKH.OL :
* AKER HORIZONS(OR "COMPANY")HAS SUCCESSFULLY COMPLETED A
PRIVATE
PLACEMENT RAISING NOK 1 BILLION IN GROSS PROCEEDSTO STRENGTHEN
AKER HORIZONS' BALANCE SHEET AHEAD OF INVESTMENTS IN ITS
PORTFOLIO COMPANIES AND NEW DIRECT INVESTMENTS.
* WILL ISSUE 28,985,507 NEW SHARES AT NOK 34.50 PER SHARE.
* PRIVATE PLACEMENT WAS OVER-SUBSCRIBED MULTIPLE TIMES
* BAILLIE GIFFORD OVERSEAS LIMITED WAS ALLOCATED 13,500,000
SHARES, REPRESENTING 46.6 PERCENT OF TOTAL SHARE ISSUE AND
RESULTING IN AN OWNERSHIP OF 4.6 PERCENT IN AKER HORIZONS
Source text for Eikon: ID:nWkr3Y5qvS
Further company coverage: AKH.OL
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