Brief: Integrated Wind Solutions: New Order, Operational Update, Contemplated Private Placement

Integrated Wind Solutions ASA

24/01/2023 15:40

Jan 24 (Reuters) - Integrated Wind Solutions ASA
 IWS.OL :
    * INTEGRATED WIND SOLUTIONS ASA - ORDER OF TWO NEWBUILDINGS,
OPERATIONAL UPDATE AND CONTEMPLATED PRIVATE PLACEMENT
    * INTEGRATED WIND SOLUTIONS - THROUGH SUBSIDIARY, IWS FLEET,
ENTERED INTO SHIPBUILDING CONTRACTS
    * INTEGRATED WIND SOLUTIONS - CONTRACTS INCLUDE CONSTRUCTION
OF
TWO ADDITIONAL WALK-TO-WORK COMMISSIONING SERVICE OPERATIONS
VESSELS
    * INTEGRATED WIND SOLUTIONS ASA - TWO NEWBUILDS ARE
SCHEDULED FOR
DELIVERY IN Q2 2025
    * INTEGRATED WIND SOLUTIONS ASA - FIRM YARD PRICE IS ABOUT
EUR
52.5 MILLION PER VESSEL
    * INTEGRATED WIND SOLUTIONS ASA - CONTEMPLATE PRIVATE
PLACEMENT
    * INTEGRATED WIND SOLUTIONS ASA - PRICE PER OFFER SHARE HAS
BEEN
SET AT A FIXED PRICE OF NOK 33.00
    * INTEGRATED WIND SOLUTIONS - PROCEEDS WILL BE USED TO
FINANCE
YARD PAYMENTS FOR CONSTRUCTION OF CO'S COMMISSIONING SERVICE
OPERATION VESSELS, GENERAL CORPORATE PURPOSES
    * INTEGRATED WIND SOLUTIONS - DUE TO GLOBAL SUPPLY CHAIN
ISSUES CO
AGREED WITH CHARTERER OF IWS SKYWALKER THAT IT WILL COMMENCE ITS
CONTRACT IN Q4 2023
    * INTEGRATED WIND SOLUTIONS ASA - EXPECTS SECOND VESSEL, IWS
WINDWALKER TO BE READY FOR COMMERCIAL OPERATIONS IN EARLY Q1
2024
    * INTEGRATED WIND SOLUTIONS ASA - REVISED DELIVERY SCHEDULE
WILL
HAVE MINOR FINANCIAL IMPACT ON COMPANY

Source text for Eikon:  ID:nObikmpMRa 
Further company coverage:  IWS.OL 
 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))