Brief: Standard Supply: NOK 200 Mln Private Placement Oversubscribed

Standardcoin AS

07/11/2022 08:55

Nov 7 (Reuters) - Standard Supply AS  STSU.OL :
    * SAID ON SUNDAY, PRIVATE PLACEMENT ANNOUNCED ON NOV 4 WAS
SIGNIFICANTLY OVERSUBSCRIBED
    * HAS ALLOTTED 44,085,106 NEW SHARES AT SUBSCRIPTION PRICE
OF NOK
4.70 PER NEW SHARE 
    * THIS CORRESPONDS TO GROSS PROCEEDS OF ABOUT NOK 207
MILLION,
WHICH IMPLIES SLIGHT UP-SIZING OF PRIVATE PLACEMENT FROM
INITIALLY ANNOUNCED NOK 200 MILLION
    * NET PROCEEDS FROM PRIVATE PLACEMENT WILL BE USED TO FUND
FURTHER
FLEET GROWTH IN PSV SEGMENT AND FOR GENERAL CORPORATE PURPOSES

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nObiwMd4ga
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