Brief: Storm Real Estate Launches Fully Underwritten Private Placement Of NOK 300 Million

Bevest ASA

08/12/2020 06:34

Dec 8 (Reuters) - Storm Real Estate ASA  STORM.OL :
    * STORM REAL ESTATE LAUNCHES FULLY UNDERWRITTEN PRIVATE
PLACEMENT
OF NOK 300
    * CONTEMPLATES A PRIVATE PLACEMENT OF UP TO 42,857,142 NEW
SHARES,
AT AN OFFER PRICE OF NOK 7.00 PER SHARE
    * APPLICATION PERIOD COMMENCES TODAY AT 09:00 CET AND WILL
CLOSE
AT 16:30 CET ON 11 DECEMBER 2020
    * NET PROCEEDS FROM WILL BE USED TO FINANCE NEW COMPANY'S
GROWTH
AMBITIONS, INCLUDING PURCHASE AND DEVELOPMENT OF NEW PROPERTIES,
AS WELL AS EXPANSION OF EXISTING PROPERTIES
    * STORM REAL ESTATE LAUNCHES FULLY UNDERWRITTEN PRIVATE
PLACEMENT
OF NOK 300 MILLION AT NOK 7 PER SHARE

Source text for Eikon:  ID:nObiJj5yna 
Further company coverage:  STORM.OL 

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