NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO
U.S.NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADAOR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Tekna Holding AS: NOK 750 millionpersonal placement efficiently accomplished Reference is made to the inventory alternate announcement by Arendals Fossekompani AS on 22 March 2021concerning Tekna Holding AS' ("Tekna" or the "Firm") contemplated personal placement of latest shares within the Firm elevating as much as roughly NOK 650 millionin gross proceeds (the "Personal Placement"). The Firm is happy to announce that the Personal Placement has been efficiently positioned. The Personal Placement was a number of occasions over-subscribed and attracted important curiosity from high-quality home, Nordic and worldwide traders together with cornerstone traders similar to Lugard Street Capital(managed by Luxor Capital Group), Norron, Andenæsgruppen, Blackcrance, along with Storebrand and Delphi funds. The Personal Placement consisted of 24,074,074 new shares (the "New Shares") at NOK 27per share (the " Supply Value") elevating gross proceeds of roughly NOK 650 millionand an over-allotment of three,703,703 further shares (the "Extra Shares", and along with the New Shares, the "Personal Placement Shares"), representing 15 p.c of the New Shares allotted within the Personal Placement and bringing whole gross proceeds raised within the Personal Placement to NOK 750 million. The Extra Shares might be settled by present shares borrowed from Arendals Fossekompani ASA(" Arendals Fossekompani") to the Managers (as outlined under) (the "Over-allotment Possibility"), and which might be redelivered to Arendals Fossekompaniupon expiry of the stabilization interval described under. The Firm has granted Arctic Securities AS, appearing as stabilization supervisor on behalf of the Managers (the "Stabilization Supervisor"), an choice to subscribe, at a worth of NOK 27per share (which is the same as the Supply Value within the Personal Placement), as much as a lot of new shares equal to the variety of Extra Shares to cowl any brief positions ensuing from the over-allotment of the Extra Shares (the "Greenshoe Possibility"). The Firm will solely obtain the proceeds from the sale of the Extra Shares to the extent that the Greenshoe Possibility is exercised. The online proceeds from the Personal Placement might be used to fund development investments, reimbursement of shareholder loans and for normal company functions. Notification of allotment of the Personal Placement Shares, together with settlement directions, might be despatched to the candidates allotted Personal Placement Shares by a notification from the Managers on or about 24 March 2021. The Personal Placement might be settled by the Managers on a delivery-versus-payment foundation on or about 30 March 2021. The delivery-versus-payment settlement within the Personal Placement is facilitated by a pre-funding settlement entered into between the Firm and the Managers. Key workers, members of the board of administrators in Tekna Holding AS and Arendals Fossekompani, together with Chair of the Board in Tekna Holding AS and CEO at AFK, Ørjan Svanevik, board member in Tekna Holding AS and CFO at Arendals Fossekompani, Lars Peder Fensli, board member in Tekna Holding AS and EVP at AFK, Torkil Mogstadand CEO in Tekna Holding AS and EVP at AFK, Morten Henriksenhave been allotted shares within the Personal Placement in accordance with their pre-commitments, for an combination quantity of roughly 4.6 million. The allocation of the Supply Shares has been resolved by the Firm's Board of Administrators. The completion of the Personal Placement by supply of the Supply Shares is topic to (i) all vital company resolutions being validly made by the Firm, together with with out limitation, a unprecedented normal assembly of the Firm resolving to difficulty the Major Shares, and (ii) the registration of the share capital improve within the Firm pertaining to the Major Shares in the Norwegian Registerof Enterprise Enterprises(Nw. Foretaksregisteret) having taken place. The Firm's shares are anticipated to begin buying and selling on Euronext Progress Oslo, a multilateral buying and selling facility, on or about 30 March 2021(the "Itemizing"). The Stabilization Supervisor, on behalf of the Managers, might perform stabilization actions through the interval commencing on the primary day of buying and selling of the Firm's shares (the "Shares") on Euronext Progress Oslo and ending on the shut of buying and selling on the thirtieth calendar day following such day. Any stabilization actions might be carried out primarily based on the identical ideas as set out in article 5(4) of the EU Market Abuse Regulation and chapter III of the supplemental guidelines set out within the Fee Delegated (EU) 2016/1052 of 8 March 2016with regard to regulatory technical requirements for the circumstances relevant to buy-back programmes and stabilization measures, with a view to assist the market worth of the Shares. The Firm will obtain the proceeds from any shares bought beneath the Over-Allotment Possibility if, and to the extent, that the Greenshoe Possibility is exercised. Internet income from stabilisation actions, if any, might be to the advantage of the Firm. Advisors: Arctic Securities ASand Carnegie ASare engaged as monetary advisors to the Firm and as Joint International Coordinators and Joint Bookrunners in connection with the Personal Placement and Itemizing. Advokatfirmaet Wiersholm ASis appearing as authorized advisor to Tekna, whereas Advokatfirmaet Thommessen ASis appearing as authorized advisor to the Managers. For extra info, please contact: Luc Dionne, Chief Govt Officer Tekna Canada E mail: Luc.Dionne@tekna.com Tel: +1-819-570-1651 Morten Henriksen, Chairman Tekna Canada and CEO Tekna Holding AS E mail: email@example.com Tel: +47 916 28 871 Essential Discover: This announcement shouldn't be and doesn't kind part of any supply to promote, or a solicitation of a suggestion to buy, any securities of the Firm. Copies of this announcement will not be being made and is probably not distributed or despatched into any jurisdiction by which such distribution can be illegal or would require registration or different measures. The securities referred to on this announcement haven't been and won't be registered beneath the U.S.Securities Act of 1933, as amended (the "Securities Act"), and accordingly is probably not provided or bought in americaabsent registration or an relevant exemption from the registration necessities of the Securities Act and in accordance with relevant U.S.state securities legal guidelines. The Firm doesn't intend to register any a part of the providing in the United Statesor to conduct a public providing of securities in america. Any sale in americaof the securities talked about on this announcement will be made solely to "certified institutional patrons" as outlined in Rule 144A beneath the Securities Act. In any EEA Member State, this communication is just addressed to and is just directed at certified traders in that Member State inside the which means of the Prospectus Regulation, i.e., solely to traders who can obtain the supply with out an authorized prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation (EU) 2017/1129 as amended (along with any relevant implementing measures in any Member State. This communication is just being distributed to and is just directed at individuals within the United Kingdomwhich might be (i) funding professionals falling inside Article 19(5) of the Monetary Companies and Markets Act 2000 (Monetary Promotion) Order 2005, as amended (the "Order") or (ii) excessive internet value entities, and different individuals to whom this announcement might lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as "related individuals"). This communication should not be acted on or relied on by individuals who will not be related individuals. Any funding or funding exercise to which this communication relates is offered just for related individuals and might be engaged in solely with related individuals. Individuals distributing this communication should fulfill themselves that it's lawful to do so. Issues mentioned on this announcement might represent forward-looking statements. Ahead-looking statements are statements that aren't historic info and could also be recognized by phrases similar to "consider", "anticipate", "anticipate", "technique", "intends", "estimate", "will", "might", "proceed", "ought to" and related expressions. The forward-looking statements on this launch are primarily based upon varied assumptions, a lot of that are primarily based, in flip, upon additional assumptions. Though the Firm consider that these assumptions have been cheap when made, these assumptions are inherently topic to important identified and unknown dangers, uncertainties, contingencies and different essential components which are tough or unattainable to foretell, and are past their management. Precise occasions might differ considerably from any anticipated growth because of a quantity of things, together with with out limitation, modifications in public sector funding ranges, modifications within the normal financial, political and market circumstances within the markets by which the Firm operates, the Firm's means to draw, retain and inspire certified personnel, modifications within the Firm's means to interact in commercially acceptable acquisitions and strategic investments, and modifications in legal guidelines and regulation and the potential affect of authorized proceedings and actions. Such dangers, uncertainties, contingencies and different essential components may trigger precise occasions to vary materially from the expectations expressed or implied in this launch by such forward-looking statements. The Firm doesn't make any assure that the assumptions underlying the forward-looking statements on this announcement are free from errors nor does it settle for any duty for the future accuracy of the opinions expressed on this announcement or any obligation to replace or revise the statements on this announcement to mirror subsequent occasions. You shouldn't place undue reliance on the forward-looking statements in this announcement. The knowledge, opinions and forward-looking statements contained on this announcement communicate solely as at its date, and are topic to alter with out discover. The Firm doesn't undertake any obligation to assessment, replace, verify, or to launch publicly any revisions to any forward-looking statements to mirror occasions that happen or circumstances that come up in relation to the content material of this announcement. Neither the Managers nor any of their associates makes any illustration as to the accuracy or completeness of this announcement and none of them accepts any duty or legal responsibility for the contents of this announcement or any issues referred to herein. This announcement is for info functions solely and isn't to be relied upon in substitution for the train of unbiased judgment. It's not supposed as funding recommendation and on no account is it for use or thought of as a suggestion to promote, or a solicitation of a suggestion to purchase any securities or a advice to purchase or promote any securities of the Firm. Neither the Managers nor any of its associates accepts any legal responsibility arising from using this announcement. The distribution of this announcement and different info could also be restricted by legislation in sure jurisdictions. Individuals into whose possession this announcement or such different info ought to come are required to tell themselves about and to look at any such restrictions.
Click on right here for extra info
© Oslo Bors ASA, supply