Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Informationsteknik |
| Industri | Elektronisk utrustning |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN CANADA, JAPAN, AUSTRALIA OR THE UNITED STATES, OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to previous stock exchange announcements from poLight ASA ("poLight" or the "Company") regarding the Company's partially underwritten rights issue of minimum 56,313,623 new shares and maximum 69,305,075 new shares (the "Offer Shares"), to raise gross proceeds of up to NOK 160 million (the "Rights Issue"), of which an underwriting consortium has agreed to underwrite subscription of new shares for gross proceeds of NOK 130 million.
The subscription period for the Rights Issue expired on 7 May 2024, at 16.30 hours (CEST). At the expiry of the subscription period in the Rights Issue, the Company had received valid subscriptions for a total of 60,481,758 Offer Shares. The Rights Issue was therefore oversubscribed by approximately 7.4% at the minimum amount of Offer Shares. The final allocation of the Offer Shares has now been completed based on the allocation criteria set out in the prospectus prepared by the Company in connection with the Rights Issue, dated 22 April 2024 (the "Prospectus").
The final allocation shows that:- 50,048,137 Offer Shares have been allocated based on validly exercised subscription rights during the subscription period (equivalent to approx. 72.2% of the issued subscription rights); and
- 10,433,621 Offer Shares have been allocated to (i) underwriters of the Rights Issue which have subscribed for Offer Shares during the subscription period without subscription rights, and (ii) subscribers which have over-subscribed for Offer Shares during the subscription period with subscription rights;
The total final allocation was 60,481,758 Offer Shares, equivalent to approx. NOK 140 million in gross proceeds to the Company. All valid subscriptions therefore received full allocation. No Offer Shares have been allocated to the underwriters of the Rights Issue pursuant to their net underwriting obligations.
Notification of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber will be distributed on 8 May 2024. The payment date for the Offer Shares is Monday 13 May 2024.
The Offer Shares may not be transferred or traded before they have been fully paid by all subscribers and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises. Subject to timely payment of the aggregate subscription amount in the Rights Issue, it is expected that the Company's new share capital following the Rights Issue will be registered with the Norwegian Register of Business Enterprises on or about 21 May 2023 and that Offer Shares will be delivered to subscribers on or about 22 May 2024. Subject to the aforementioned, the Offer Shares are expected to be tradable on the Oslo Stock Exchange on or about 22 May 2024.
Advisers:
Pareto Securities AS has been retained by the Company to act as manager and bookrunner for the Rights Issue.
Advokatfirmaet CLP DA is acting as legal adviser to the Company in connection with the Rights Issue.