Brief: Arendals Fossekompani: Tekna Holding Contemplated Private Placement And Listing On Euronext Growth Oslo

Arendals Fossekompani ASA

22/03/2021 07:05

March 22 (Reuters) - Arendals Fossekompani ASA  AFK.OL :
    * TEKNA HOLDING AS: CONTEMPLATED PRIVATE PLACEMENT AND
LISTING ON
EURONEXT GROWTH OSLO
    * PRIVATE PLACEMENT WILL CONSIST OF A PRIMARY OFFERING OF UP
TO
24,074,074 NEW SHARES TO BE ISSUED BY COMPANY TO RAISE GROSS
PROCEEDS OF UP TO NOK 650 MILLION
    * THERE WILL BE OVER-ALLOTMENT OPTION OF UP TO 3,703,703
ADDITIONAL EXISTING SHARES EQUIVALENT TO APPROXIMATELY 15% OF
PRIMARY OFFERING, OR APPROXIMATELY NOK 100 MILLION
    * TOTAL NUMBER OF OFFER SHARES OFFERED IN PRIVATE PLACEMENT
IS UP
TO 27,777,777, EQUATING TO APPROX. NOK 750 MILLION IN GROSS
PROCEEDS.
    * PRICE PER SHARE IN PRIVATE PLACEMENT HAS BEEN SET TO NOK
27.00,
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO FUND
GROWTH
INVESTMENTS, REPAYMENT OF SHAREHOLDER LOANS AND FOR GENERAL
CORPORATE PURPOSES.
    * TEKNA HOLDING AS FIRST DAY OF TRADING ON EURONEXT GROWTH
IS
EXPECTED TO BE SHORTLY AFTER COMPLETION OF PRIVATE PLACEMENT,
AND IS CURRENTLY ANTICIPATED TO BE ON OR ABOUT 30 MARCH 2021.

Source text for Eikon:  ID:nObi5Z0ZSa 
Further company coverage:  AFK.OL 

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