Norwegian Crystals AS (NCR) is contemplating to offer 15,000,000 – 30,000,000 new shares (the “Offer Shares”) with gross proceeds of NOK 30 - 45 million (the “Offer Shares”), each with a nominal value of NOK 0.10 (after reduction of the nominal value in the Annual General Meeting of shareholders) (the “Private Placement”). The subscription price per Offer Share (the “Subscription Price”), and the final number of Offer Shares to be issued, will be set through an accelerated bookbuilding process to be conducted by the Managers, with an indicative price range of NOK 1.50 to NOK 2.00 per share. The Offer Shares will be registered on the N-OTC. 

The Company has appointed Clarksons Platou Securities AS and DNB Markets, a part of DNB Bank ASA as Joint Lead Managers and Bookrunners (together referred to as the “Managers”).

The net proceeds from the Private Placement will be used to buy new equipment, upgrade existing equipment and for general working capital purposes.

The bookbuilding period opens today at 10:00 CEST on 10 June 2020 and ends at 16:30 CEST on 17 June 2020.