Brief: Arribatec Solutions Contemplates Private Placement

Arribatec ASA

03/12/2020 15:35

Dec 3 (Reuters) - Arribatec Solutions ASA  ARRI.OL :
    * ARRIBATEC SOLUTIONS ASA: CONTEMPLATED PRIVATE PLACEMENT
    * HAS RETAINED AND CARNEGIE AS AS BOOKRUNNER TO ADVISE ON
AND
EFFECT AN UNDOCUMENTED PRIVATE PLACEMENT OF UP TO 50,000,000 NEW
SHARES
    * NET PROCEEDS OF PRIVATE PLACEMENT WILL BE USED TO PURSUE
FURTHER
GROWTH INITIATIVES, INCLUDING BOTH ORGANIC GROWTH AND M&A, AS
WELL AS GENERAL CORPORATE PURPOSES
    * BOOK-BUILDING PERIOD FOR PRIVATE PLACEMENT OPENS TODAY AT
16:30
CET AND CLOSES 4 DECEMBER 2020 AT 08:00 CET
    * TYCOON INDUSTRIER AS HAS PRE-COMMITTED TO SUBSCRIBE FOR
SHARES
IN PRIVATE PLACEMENT FOR AN AMOUNT OF NOK 15 MILLION
    * INDICATIVE PRICE IN PRIVATE PLACEMENT IS NOK 2.20

Source text for Eikon:  ID:nObiJcsKJa 
Further company coverage:  ARRI.OL 

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