Norsk Titanium AS: Share capital increase registered
2021-06-24 18:22:27
Oslo, Norway, 24 June 2021: Reference is made to the stock exchange notice by
Norsk Titanium AS ("Norsk Titanium" or the "Company") published on 16 June 2021
regarding a share capital increase following the exercise of the greenshoe
option in connection with the private placement as further described in the
stock exchange notice published by the Company on 6 June 2021.
The issuance of 1,233,135 new shares has been registered with the Norwegian
Register of Business Enterprises. Following registration, the share capital of
Norsk Titanium is NOK 16,951,710.80 divided into 211,896,385 shares, each share
having a par value of NOK 0.08 and carrying one vote in the Company's general
meeting.
For more information, please contact:
John Andersen, Chairman of Norsk Titanium AS
Email: John.Andersen@scatec.no
Tel: +47 90 17 40 80
Mike Canario, President and CEO of Norsk Titanium
Email: Michael.Canario@norsktitanium.com
Tel: +1 518 324 4010
Ashar Ashary, VP Finance Norsk Titanium AS
Email: Ashar.Ashary@norsktitanium.com
Tel: +1 518 556 8966
About Norsk Titanium:
Norsk Titanium AS was founded in 2007 in Norway, and has pioneered the use of
its patented additive manufacturing process, Rapid Plasma DepositionTM (RPDTM).
Through its New York based subsidiary, Norsk Titanium US Inc., it has been
supplying flight qualified structural components since 2017.
The company is distinguished in the aviation industry by its proprietary RPDTM
technology that transforms titanium wire into complex components suitable for
structural and safety-critical applications. Norsk Titanium is a supplier to
Boeing, Spirit AeroSystems, Leonardo and GKN and is committed to cost-reducing
aerostructures and jet engines for the world's premier aerospace manufacturers.
RPDTM is the world's first FAA-approved process for manufacturing 3D-printed,
structural titanium, delivering substantial lead-time and cost savings for
aerospace, defense and commercial customers.
This information is subject to the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II.