Brief: Wilhelmsen New Energy Agrees To Subscribe For 46.1 Mln New Shares In Reach Subsea

Reach Subsea ASA

18/02/2022 07:41

Feb 18 (Reuters) - Reach Subsea ASA  REACH.OL :
    * WILHELMSEN NEW ENERGY AS, AGREED TO SUBSCRIBE FOR
46,126,567 NEW
SHARES IN REACH SUBSEA AT NOK 3.25 PER SHARE
    * SHARES WILL REPRESENT 21% OF SHARES AND VOTES IN REACH
SUBSEA
ASA FOLLOWING ISSUANCE OF 33,846,153 NEW SHARES TO ISURVEY
HOLDING AS
    * WILHELMSEN NEW ENERGY WILL RECEIVE RIGHT TO SUBSCRIBE FOR
ADDITIONAL 44,766,864 NEW SHARES NOK 4.00 PER SHARE,
CORRESPONDING TO 20%
    * WILHELMSEN NEW ENERGY WILL HAVE A COMBINED HOLDING OF
SHARES AND
WARRANTS OF 90,893,431, CORRESPONDING TO 41%

Source text for Eikon:  ID:nObiDpZNya 
Further company coverage:  REACH.OL 

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