Brief: Argeo Completes Private Placement

Argeo ASA

30/06/2023 09:26

June 30 (Reuters) - Argeo AS  ARGEO.OL :
    * SAID ON THURSDAY ARGEO COMPLETED PRIVATE PLACEMENT
    * COMPANY HAS ALLOCATED 15,576,168 OFFER SHARES IN THE
PRIVATE
PLACEMENT AT THE SUBSCRIPTION PRICE, RAISING GROSS PROCEEDS OF
APPROXIMATELY NOK 43 MILLION
    * PRIVATE PLACEMENT TOOK PLACE THROUGH AN ACCELERATED
BOOKBUILDING
PROCESS MANAGED BY SPAREBANK 1 MARKETS AS AS SOLE BOOKRUNNER
    * NET PROCEEDS FROM THE PRIVATE PLACEMENT WILL BE USED TO
FUND
CAPEX AND WORKING CAPITAL UNTIL THE COMPANY EXPECTS TO REACH
POSITIVE OPERATIONAL CASH FLOW
    * SETTLEMENT OF THE OFFER SHARES IS EXPECTED TO TAKE PLACE
ON OR
ABOUT 4 JULY 2023


        
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiCZgVta
 Further company coverage:  ARGEO.OL  

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