Brief: Archer Resolves On Subsequent Offering Of 228.8 Mln Shares

Archer

07/03/2023 09:09

March 7 (Reuters) - Archer Ltd  ARCHA.OL :
    * RESOLVES TO CARRY OUT SUBSEQUENT OFFERING, SUBJECT TO
COMPLETION
OF FIRST TRANCHE OF PRIVATE PLACEMENT, CERTAIN OTHER CONDITIONS
    * OFFERING WILL CONSIST OF UP TO 228,800,000 OFFER SHARES
    * DIRECTED TOWARDS ELIGIBLE SHAREHOLDERS IN CO AS OF 6 MARCH
2023
WHO WERE NOT ALLOCATED SHARES IN PRIVATE PLACEMENT
    * SHAREHOLDERS WILL BE GRANTED NON-TRANSFERABLE SUBSCRIPTION
RIGHTS BASED ON REGISTERED SHAREHOLDINGS
    * EACH SUBSCRIPTION RIGHT WILL GIVE RIGHT TO SUBSCRIBE FOR
AND BE
ALLOCATED ONE OFFER SHARE ROUNDED DOWN TO NEAREST WHOLE
SUBSCRIPTION RIGHT

        
 Source text for Eikon:  ARCHA.OL 
 Further company coverage:  urn:newsml:reuters.com:*:nWkr3GW0hY 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))