Kaldvík AS Announces Potential Subsequent Offering
Kaldvík AS is excited to share important updates regarding a potential subsequent offering aimed at enhancing shareholder value. This announcement comes on the heels of a successful private placement, highlighting the company's commitment to its investors.
Details of the Offering
On June 5, 2025, Kaldvík AS made a significant announcement concerning the completion of a private placement. The board of directors is considering carrying out a subsequent offering directed at shareholders as of the close of trading. This potential offering is specifically for those who did not partake in the previous placement phase.
Eligibility Criteria
Eligible shareholders include those who were not included in the pre-sounding phase of the private placement and those who did not receive shares through the initial offering. Additionally, shareholders must not reside in jurisdictions where such an offering would violate local laws or require additional registrations.
Timeline and Key Dates
Kaldvík AS has outlined fundamental timelines for the subsequent offering. Key dates include:
- Date for announcement of terms: June 5, 2025
- Last day including right to receive subscription rights: June 4, 2025
- First day excluding right to receive subscription rights: June 5, 2025
- Record Date: June 6, 2025
- Date of approval: Around June 19, 2025, pending extraordinary general meeting outcomes
Offering Conditions and Subscription Details
The potential offering comes with a maximum number of 4.3 million new shares at a subscription price of NOK 14 per share. Rights for this offering will not be listed, meaning shareholders will not engage in oversubscriptions or tradable subscription rights.
Corporate Governance and Resolutions
Completion of the subsequent offering is contingent on several factors, including the successful registration of a national prospectus and the approval of corporate resolutions. This process ensures that shareholders can subscribe for shares proportionate to their existing holdings, reinforcing Kaldvík AS's commitment to its investor base.
Market Considerations
Kaldvík AS acknowledges that the decision to proceed with the subsequent offering is influenced by market conditions, particularly the share price's development. The company reserves the right to cancel the offering if deemed necessary, thereby prioritizing shareholder interests.
Contact Information for Further Inquiries
For any questions regarding the subsequent offering or the recent private placement, shareholders can reach out to:
- Roy-Tore Rikardsen, CEO: +354 791 0006 (mobile)
- Robert Robertsson, CFO: +354 843 0086 (mobile)
Introducing the Managers
The financial oversight for the private placement and potential subsequent offering is being managed by DNB Carnegie, alongside Arion Banki hf and Nordea Bank Abp. These critical partnerships ensure that Kaldvík AS has the necessary guidance and expertise for successful capital raising initiatives.
Frequently Asked Questions
What is the purpose of the subsequent offering?
The subsequent offering aims to give eligible shareholders an opportunity to subscribe for new shares, enhancing their investment in Kaldvík AS.
Who is eligible to participate in the subsequent offering?
Only shareholders who were not part of the private placement and belong to authorized jurisdictions can participate in the subsequent offering.
What is the maximum number of shares offered?
Kaldvík AS plans to offer up to 4.3 million new shares during the subsequent offering.
What is the subscription price for the shares?
The subscription price is set at NOK 14 per share.
Who should investors contact for more information?
Investors should contact CEO Roy-Tore Rikardsen or CFO Robert Robertsson for any inquiries related to the offering.
