Brief: Arendals Fossekompani: Tekna Holding NOK 750 Mln Private Placement Completed

Arendals Fossekompani ASA

24/03/2021 07:03

March 24 (Reuters) - Arendals Fossekompani ASA  AFK.OL :
    * TEKNA HOLDING AS: NOK 750 MILLION PRIVATE PLACEMENT
SUCCESSFULLY
COMPLETED
    * GROSS PROCEEDS OF APPROXIMATELY NOK 650 MILLION AND AN
OVER-ALLOTMENT OF 3,703,703 ADDITIONAL SHARES
    * NET PROCEEDS  WILL BE USED TO FUND GROWTH INVESTMENTS,
REPAYMENT
OF SHAREHOLDER LOANS AND FOR GENERAL CORPORATE PURPOSES.
    * PRIVATE PLACEMENT WAS MULTIPLE TIMES OVER-SUBSCRIBED

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

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