Brief: Otovo Raises Private Placement To NOK 250 Mln

Otovo ASA

25/01/2023 15:34

Jan 25 (Reuters) - Otovo ASA  OTOVO.OL :
    * LAUNCH OF PRIVATE PLACEMENT OF NOK 200-250 MILLION
    * DUE TO SIGNIFICANT INDICATIONS RECEIVED THROUGHOUT DAY,
COMPANY
HAS DECIDED TO RAISE UP NOK 250 MILLION
    * NET PROCEEDS WILL BE USED TO FINANCE FURTHER GROWTH IN
CO'S
SUBSCRIPTION BIZ, OTHER CORPORATE PURPOSES
    * AXSOL HAS GUARANTEED SUBSCRIPTION OF UP TO NOK 200 MILLION
OF
PRIVATE PLACEMENT AT PRICE OF NOK 19.88 PER SHARE

Source text for Eikon:  ID:nObiYMqQJa 
Further company coverage:  OTOVO.OL 
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