Rovsing A/S Completes Successful Share Issue to Fuel Growth

Rovsing A/S Marks a Significant Milestone with New Share Issue
In a recent announcement, Rovsing A/S reveals a successful completion of its directed share issue, a pivotal moment for the company.
Details of the Share Issue
The directed share issue exceeded expectations, achieving a full subscription of all 114,285 new shares at a price of DKK 35 each. This results in impressive gross proceeds totaling approximately DKK 4 million. The pricing reflects the 5-day volume-weighted average price observed at market close prior to the announcement, with a reasonable discretionary discount set by the Board of Directors.
Strong Participation
Both existing and new shareholders participated in this share issue. Notably, the company's CEO, CFO, and Board members joined in supporting this initiative, reflecting strong internal confidence in Rovsing's future direction.
Trading and Shareholder Rights
These new shares are set to be admitted for trading on Nasdaq OMX Copenhagen, ensuring timely integration into the existing share structure. After this share issue, Rovsing will have a total of 684,797 shares in circulation, indicating robust investor interest.
Chairman’s Insight
Ulrich Ernst Beck, Chairman of the Board, expressed satisfaction with the outcome, emphasizing how this financing will bolster Rovsing's growth strategy, enhance sales activities, and improve production flexibility. The proceeds will also expedite the establishment of new subsidiaries and development initiatives aimed at expanding the company's market reach.
Future Outlook and Investor Appreciation
Rovsing's leadership team expressed gratitude towards investors who participated in the share issue. Their support plays a crucial role in strengthening the company’s position in a competitive landscape, laying a strong foundation for future growth and profitability.
Expert Guidance
HC Andersen Capital served as the exclusive financial advisor, guiding Rovsing through this pivotal phase and maximizing the potential benefits for its shareholders.
Contact Information
For further inquiries, stakeholders are encouraged to connect with Hjalti Pall Thorvardarson, CEO, available at hpt@rovsing.dk or Sigurd Hundrup, CFO, reachable at shu@rovsing.dk.
Frequently Asked Questions
What was the purpose of the share issue by Rovsing A/S?
The share issue was aimed at raising capital to support growth initiatives and enhance liquidity for future projects.
How many new shares were issued?
A total of 114,285 new shares were issued in the recent share offering.
What is the subscription price for the new shares?
The subscription price was set at DKK 35 per share, reflecting market conditions at the time.
When will the new shares be available for trading?
The new shares are expected to be admitted to trading on Nasdaq OMX Copenhagen by week 11 of 2025.
Who were the key participants in the share issue?
Both existing and new shareholders participated, including members of Rovsing’s management team and Board of Directors.
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