Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | OB Match |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
2023-01-25 22:45:20
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN
OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR
ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
Reference is made to the stock exchange announcement published by Otovo ASA
("Otovo" or the "Company") earlier today regarding the launch of a private
placement of new shares in the Company to raise gross proceeds of NOK 200-250
million (the "Private Placement"), of which subscription of up to NOK 200
million of the Private Placement at a price NOK 19.88 per share was guaranteed
by the Company's largest shareholder, Axel Johnson AB through its solar
investment arm AxSol AB ("AxSol").
The Company hereby announces that it has allocated 12,575,452 new shares (the
"Offer Shares") in the Private Placement at a subscription price of NOK 19.88
per Offer Share (the "Subscription Price"), raising gross proceeds of NOK 250
million. The subscription price represents a premium of 4% to the closing price
today, and the Private Placement received significant interest from both
existing shareholders and new high-quality investors both in Norway and
internationally.
DNB Markets, a part of DNB Bank ASA (the "Manager"), acted as bookrunner in
connection with the Private Placement.
The purpose of the Private Placement is to utilize the potential of the
Company's new debt financing and the net proceeds to the Company will be used to
finance further growth in the Company's subscription business in combination
with the new financing facility and other corporate purposes.
Settlement of the Private Placement is expected to take place on or about 13
February 2023. The allocated shares will be delivered to the applicant's account
in the Norwegian Central Securities Depository ("CSD") on a delivery versus
payment ("DVP") basis as soon as practicable after full payment has been
received and the Conditions (as defined below) have been met. DVP settlement in
the Private Placement is expected to be facilitated through a pre-funding
agreement entered into between the Company and the Manager.
The following close associates to primary insiders were allocated Offer Shares
in the Private Placement:
o AxSol, a close associate of board member Johan Erik Sixten Bergström, was
allocated 5,030,182 Offer Shares and will upon issuance of these shares own
32,714,260 shares (21.99%) in the Company