Brief: Hexagon Purus Deepens Partnership With Mitsui, Contemplates Convertible Bond, Equity Placement

Hexagon Composites ASA

01/03/2023 15:52

March 1 (Reuters) - Hexagon Purus ASA  HPUR.OL :
    * HEXAGON PURUS AND MITSUI TO DEEPEN STRATEGIC PARTNERSHIP – CONTEMPLATED CONVERTIBLE BOND
PRIVATE
PLACEMENT AND EQUITY PRIVATE PLACEMENT
    * INVESTMENT BY MITSUI & CO., LTD. ("MITSUI") OF NOK 500 MILLION
    * PARTIES SIGN MEMORANDUM OF UNDERSTANDING  FOR ADDITIONAL INVESTMENTS OF UP TO NOK 1,500
MILLION
IN COMING YEARS
    * IS TODAY LAUNCHING A CONTEMPLATED OFFERING OF CONVERTIBLE BONDS TO RAISE GROSS PROCEEDS OF
NOK
700-800 MILLION
    * LAUNCHES PRIVATE PLACEMENT OF NEW SHARES TO RAISE GROSS PROCEEDS OF APPROXIMATELY NOK
350-450
MILLION
    * MITSUI HAS SUBSCRIBED FOR, AND WILL RECEIVE ALLOCATION OF, NOK 500 MILLION IN CONVERTIBLE
BOND
PRIVATE PLACEMENT
    * PRICE IN EQUITY PRIVATE PLACEMENT IS NOK 27.00 PER OFFER SHARE
    * BOOKBUILDING PERIOD FOR EQUITY PRIVATE PLACEMENT WILL START ON 1 MARCH 2023 AT 16:30 (CET)
AND
CLOSE ON 2 MARCH 2023 AT 08:00
    * COMPANY'S LARGEST SHAREHOLDER, HEXAGON COMPOSITES, WILL NOT PARTICIPATE IN OFFERING

Source text for Eikon:  ID:nGNE2wxm8c 
Further company coverage:  HPUR.OL 

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