Brief: Saga Tankers Completes Private Placement Of NOK 18 Mln

Saga Pure ASA

20/10/2020 08:25

Oct 20 (Reuters) - Saga Tankers  SAGT.OL :
    * SAID ON MONDAY PRIVATE PLACEMENT OF NOK 18 MILLION
COMPLETED
    * BOARD OF DIRECTORS RESOLVED TO COMPLETE PRIVATE PLACEMENT
OF
20,000,000 NEW SHARES IN THE COMPANY 
    * NEW SHARES HAVE BEEN ISSUED AT A PRICE PER NEW SHARE OF
NOK
0.90, AND WITH EACH NEW SHARE HOLDING A PAR VALUE OF NOK 0.01
    * PRIVATE PLACEMENT DIRECTED TOWARDS THE COMPANY'S NEW CEO,
BJØRN
SIMONSEN, WHO WILL SUBSCRIBE FOR 16.7 MLN OF THE NEW SHARES, FOR
GROSS PROCEEDS OF NOK 15 MILLION, AND THE REMAINING 3.3 MLN NEW
SHARES, FOR GROSS PROCEEDS OF NOK 3 MILLION, WAS SUBSCRIBED FOR
BY A POTENTIAL EMPLOYEE WHO IS EXPECTED TO JOIN THE COMPANY
DURING Q1 2021
    * GROSS PROCEEDS FROM THE PRIVATE PLACEMENT WILL BE USED FOR
GENERAL CORPORATE PURPOSES OF THE COMPANY IN LINE WITH THE
COMPANY'S NEW STRATEGY

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNE179WyT
    
 Further company coverage:  SAGT.OL  
   


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