Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Tjänster |
Industri | Industri |
2023-11-28 13:50:46
Borgestad ASA ("The Company") has today, on 28 November 2023, held an
extraordinary general meeting. All resolutions were passed in accordance with
the board of directors' proposal, and it was decided to adopt (i) a share
capital reduction through deletion of the Company's 8,010 treasury shares, (ii)
a share capital reduction through reduction of the nominal value of the shares
from NOK 1.00 to NOK 0.25 (the "Share Capital Reduction"), (iii) a share capital
increase related to the private placement placed on 6 November 2023, (iv) a
capital increase related to the subsequent offering, and (v) the board of
directors' proposal for guidelines on the determination of salaries and other
remuneration for leading personnel.
The completion of the private placement is conditional upon (i) the registration
of the Share Capital Reduction and the share capital increase for the private
placement in the Norwegian Register of Business Enterprises, (ii) the
registration of the new private placement shares in Euronext Securities Oslo
(VPS), (iii) the receipt of initial (non-binding) approval from the municipal
council of Bjuv municipality for the sale-leaseback transaction announced in the
company's stock exchange notice on 27 October 2023, and (iv) the agreement
between the company, Arctic Securities AS and SpareBank 1 Markets AS regarding
the prepayment of the proceeds from the private placement remaining in force.
A detailed description of the subsequent offering, including the terms and
conditions, as well as factors to consider when subscribing for shares in the
subsequent offering, will be disclosed in an offer and listing prospectus to be
published before the subscription period for the subsequent offering begins. It
is expected that the subscription period for the subsequent offering will last
from 5 December 2023 at 09:00 to 19 December 2023 at 16:30, provided that the
prospectus for the subsequent offering is approved in time.
The minutes of the extraordinary general meeting are attached to this stock
exchange notice.
For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA
Tel.: +47 48 84 53 33
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This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
About Borgestad|www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and
industry. The key investments include Agora Bytom shopping center and the
leading refractory manufacturer Höganäs Borgestad.
About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products,
installations and turnkey solutions that enhance the productivity and
competitiveness of industrial customers. The aim is to contribute to the
customers' profitability by providing high-value refractory solutions to their
challenges. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.