Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Industri |
| Industri | Industriprodukter |
2024-01-08 17:51:32
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.
PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT
Oslo, Norway, 8 January 2024: Reference is made to the stock exchange
announcement published by Norsk Titanium AS (the "Company") on 4 December 2023,
regarding a proposed partially underwritten rights issue of shares (the "New
Shares") with preferential rights for existing shareholders (the "Rights
Issue"), which is subject to approval by the extraordinary general meeting of
the Company to be held at 15:00 (CET) on 9 January 2024 (the "EGM"), and the
notice to the EGM published on 14 December 2023 (the "EGM Notice").
The Company's board of directors has today, on 8 January 2024, based on a
recommendation from Carnegie AS (acting as "Manager" in the Rights Issue),
determined the following proposed (i) subscription price, (ii) minimum and
maximum number of New Shares, (iii) minimum and maximum share capital increase
pertaining to the Rights Issue and (iv) minimum and maximum number of warrants:
o The subscription price is proposed to be NOK 0.82225 per New Share in
accordance with the Underwriting Agreements (as defined below), such that the
subscription price for the New Shares does not exceed a 15% premium to the
theoretical ex rights price (TERP) calculated based on the last closing price of
the Company's shares on Euronext Growth Oslo prior to the Company's announcement
of the Rights Issue less a discount of at least 35%, as further described in the
stock exchange announcement published by the Company on 4 December 2023