6 October 2022 - With reference to the stock exchange notice sent 5 October
2022, Proximar Seafood AS (the "Company") has mandated ABG Sundal Collier and
Pareto Securities to act as Joint Bookrunners for the issuance of a subordinated
convertible bond issue of up to NOK 250 million (the "Convertible Bond").
The Convertible Bond is structured as a 3-year subordinated convertible bond
with a conversion price of NOK 6 per share and a coupon of 7%. Should the
Company carry out a share issue of more than NOK 50 million, the bondholders
have the right to convert at a lower strike if the price in a potential share
issue is set lower than the NOK 6 strike price. Key existing shareholders have
indicated strong interest in participating in the Convertible Bond and have
pre-committed to subscribe for a total of more than NOK 150 million.
The application period will commence at 10:30 CEST 6 October 2022 and will close
at 16:00 CEST 12 October 2022. The Joint Bookrunners may, in cooperation with
the Company, close or extend the Application Period at any time. Roadshow
meetings will be held in the application period.
For more information, contact:
Pål K. Grimsrud, CFO, Proximar Seafood AS
Tel: +47 99477599