Contemplated Private Placement

Self Storage ASA

24/08/2021 15:33

Aug 24 (Reuters) - Self Storage Group ASA  SSG.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * OFFER PRICE IN PRIVATE PLACEMENT WILL BE DETERMINED BY
BOARD OF
DIRECTORS OF COMPANY ( "BOARD") FOLLOWING AN ACCELERATED
BOOKBUILDING PROCESS
    * PRIVATE PLACEMENT WILL BE DIRECTED TOWARDS NORWEGIAN AND
INTERNATIONAL INVESTORS
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO
CONTINUE TO
GROW COMPANY'S FREEHOLD SELF-STORAGE FOOTPRINT IN ITS EXISTING
TARGET MARKETS.
    * COMPANY'S LARGEST SHAREHOLDER, CENTERBRIDGE PARTNERS,
CURRENTLY
OWNING 24.83% OF COMPANY, IS FULLY SUPPORTIVE OF PRIVATE
PLACEMENT AND HAS PRE-SUBSCRIBED FOR NOK 125 MILLION
    * RETAINED ABG SUNDAL COLLIER ASA AND ARCTIC SECURITIES AS
AS
JOINT BOOKRUNNERS  TO ADVISE ON AND EFFECT A PRIVATE PLACEMENT
OF NEW ORDINARY SHARES WITH GROSS PROCEEDS OF UP TO ABOUT NOK
300 MILLION
    * BOOKBUILDING AND APPLICATION PERIOD FOR PRIVATE PLACEMENT
COMMENCES TODAY, 24 AUGUST 2021 AT 16:30 CEST, AND IS EXPECTED
TO CLOSE ON 25 AUGUST 2021 AT 08:00 CEST

Source text for Eikon:  ID:nWkr5Kz5FL 
Further company coverage:  SSG.OL 

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