Brief: American Shipping Contemplates Private Placement

Amsc ASA

14/09/2022 15:33

Sept 14 (Reuters) - American Shipping Company ASA
 AMSCM.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATES PRIVATE PLACEMENT OF NEW SHARES WITH GROSS
PROCEEDS
OF NOK EQUIVALENT OF ABOUT USD 40 MILLION
    * SUBSCRIPTION PRICE FOR OFFER SHARES WILL BE DETERMINED BY
BOARD
OF DIRECTORS BASED ON AN ACCELERATED BOOKBUILDING PROCESS
    * APPLICATION PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE 14
SEPTEMBER 2022 AND IS EXPECTED TO CLOSE ON 15 SEPTEMBER 2022
    * PRIVATE PLACEMENT WILL BE DIVIDED IN TWO TRANCHES, WHERE
TRANCHE
1 WILL CONSIST OF UP TO 6,061,650 OFFER SHARES
    * INTENDS TO USE NET PROCEEDS TO PARTLY FINANCE ACQUISITION
OF
CONSTRUCTION VESSEL NORMAND MAXIMUS, FOR GENERAL CORPORATE
PURPOSES

Source text for Eikon:  ID:nWkrc45T5m 
Further company coverage:  AMSCM.OL 

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