Kaldvík AS Announces Successful Share Placement Update

Kaldvík AS Completes Successful Private Placement

Kaldvík AS has made headlines recently with its successful completion of a private placement. This strategic move has raised gross proceeds approximately amounting to NOK 532 million, translating to around EUR 46.2 million. This financial boost signifies the company's keen positioning in the market and its potential for future growth.

Transactions Involving Primary Insiders

In conjunction with the private placement, notable transactions conducted by close associates of the company's primary insiders have come to light. For instance, Austur Holding AS, closely associated with Lars Måsøval, has subscribed for an impressive 27,045,027 new shares. To streamline this process, they have also lent shares to DNB Carnegie, which is part of DNB Bank ASA, a strategic move to facilitate a smooth settlement.

Further Transactions by Associates

AR-Invest AS, another important player associated with Asle Rønning, has also made waves by subscribing for 32,910 new shares in the placement. These transactions illustrate the commitment and confidence these insiders have in Kaldvík AS and its direction moving forward.

Structure of the Private Placement

The private placement is structured in two tranches. The first tranche includes 5,976,172 offer shares, while the second tranche offers 32,034,878 shares. Importantly, the latter tranche is contingent on approval from an extraordinary general meeting aimed at issuing these new shares allocated to investors.

Lending Arrangements to Support Transactions

To ensure a seamless delivery-versus-payment settlement in the private placement, Austur Holding AS has agreed to lend 1,724,097 existing shares to DNB Carnegie. This arrangement was formalized through a share lending agreement that includes the company and DNB Carnegie to pave the way for the transactions in process.

Understanding the Importance of These Developments

Collectively, these developments point toward a proactive approach by Kaldvík AS and its affiliates as they enhance the liquidity and financial base of the company. Such movements not only reflect confidence in their operational strategies but also signal to investors that Kaldvík is poised for future success.

Insights from the Company Leaders

For those interested in additional details regarding the transactions involving the close associates of primary insiders, attached notification forms contain further information. This transparency further emphasizes Kaldvík AS's commitment to maintaining clarity in its financial dealings and relationships.

Company Contacts for More Information

For more details, you may reach out to the company's key executives. Roy-Tore Rikardsen, the CEO, is available at +354 791 0006, while Robert Robertsson, the CFO, can be contacted at +354 843 0086. Both are ready to provide insights into the ongoing developments and future outlook for Kaldvík AS.

Frequently Asked Questions

What is the purpose of the private placement by Kaldvík AS?

The private placement aims to raise significant funds to enhance liquidity and support growth initiatives for Kaldvík AS.

Who are the primary insiders involved in this private placement?

Key insiders such as Lars Måsøval and Asle Rønning have notable associations with the subscribing entities.

What does the lending arrangement entail?

Austur Holding AS lent shares to DNB Carnegie to facilitate transaction settlements during the private placement.

What are the prospects for Kaldvík AS after this placement?

This placement strengthens Kaldvík’s financial footing, signaling a positive outlook for future growth opportunities.

How can I contact Kaldvík AS for further inquiries?

You can reach out to CEO Roy-Tore Rikardsen or CFO Robert Robertsson via the provided contact numbers for any detailed inquiries.

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