Brief: Saga Pure Contemplates Equity Offering Through Issue Of Up To 25 Million Shares

Saga Pure ASA

21/12/2020 15:51

Dec 21 (Reuters) - Saga Pure ASA  SAGT.OL :
    * IS CONTEMPLATING AN EQUITY OFFERING THROUGH ISSUE OF UP TO
25
MILLION SHARES
    * NET PROCEEDS WILL INCREASE COMPANY'S INVESTMENT CAPACITY
IN
GREEN INVESTMENT UNIVERSE
    * APPLICATION PERIOD OPENS TODAY, ON 21 DECEMBER 2020, AT
16:45
CET AND ENDS AT 08:00 CET ON 22 DECEMBER 2020
    * COMPANY' LARGEST SHAREHOLDER ØYSTEIN STRAY SPETALEN HAS
(THROUGH
CONTROLLED COMPANY TYCOON INDUSTRIER AS) PRE-COMMITTED TO
SUBSCRIBE FOR 3 MILLION OFFER SHARES
    * WILL ALSO CONSIDER IMPLEMENTING A SUBSEQUENT REPAIR ISSUE
TOWARDS ELIGIBLE SHAREHOLDERS TO LIMIT DILUTIVE EFFECTS OF
EQUITY OFFERING

Source text for Eikon:  ID:nGNE1dBP6B 
Further company coverage:  SAGT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))