Brief: Pareto Bank Contemplates Private Placement Of Up To NOK 350 Mln

Pareto Bank ASA

22/08/2023 15:34

Aug 22 (Reuters) - Pareto Bank ASA  PARB.OL :
    * CONTEMPLATED PRIVATE PLACEMENT TO FINANCE FURTHER GROWTH
    * CONTEMPLATED PRIVATE PLACEMENT TO RAISE GROSS PROCEEDS OF UP TO NOK 350 MILLION
    * SUBSCRIPTION PRICE PER OFFER SHARE WILL BE NOK 50.50
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO STRENGTHEN CET1 CAPITAL ALLOWING FOR
FURTHER
GROWTH
    * PARETO AS, CO'S LARGEST SHAREHOLDER HOLDING 20.0% OF OUTSTANDING SHARES OF COMPANY HAS
PRE-COMMITTED TO SUBSCRIBE FOR

Source text for Eikon:  ID:nObic9WRva 
Further company coverage:  PARB.OL 

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