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Nordic Nanovector ASA - Final results of the repair offering

Nachrichtenquelle: PR Newswire (engl.)
12.04.2021, 07:58  |  138   |   |   

Not for release, publication or distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia

THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS COMMUNICATION IS PROHIBITED BY THE LEGENDS CONTAINED HEREIN

OSLO, Norway, April 12, 2021 /PRNewswire/ -- Reference is made to the stock exchange announcement from Nordic Nanovector ASA (the "Company") dated 22 March 2021 relating to the repair offering and listing of up to 2,699,280 new shares, each with a nominal value of NOK 0.20 (the "Offer Shares") at a subscription price of NOK 22.75 per Offer Share (the "Subscription Price") carried out by the Company (the "Repair Offering").

The subscription period in the Repair Offering expired on 9 April 2021, at 16:30 hours (CEST). By the end of the subscription period, the Company had received subscriptions for approximately 4.4 million Offer Shares. A total of 1,376,085 Offer Shares will be allocated based on subscription rights and a total of 1,323,195 Offer Shares will be allocated based on over-subscription in accordance with the allocation criteria set out in the prospectus dated 22 March 2021.

The Company raised approximately NOK 61 million (equivalent to approximately USD 7.2 million) in gross proceeds through the Repair Offering. The proceeds from the Repair Offering extend the Company's cash runway into H2 2022, well past the Company's value inflection point targeted for H2 2021.

Notifications of allocated Offer Shares in the Repair Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Allocation letters will be sent out on 12 April 2021.

Subject to timely payment of the entire subscription amount in the Repair Offering, the share capital increase relating to the Repair Offering is expected to be registered with the Norwegian Register of Business Enterprises on or about 19 April 2021 and the Offer Shares will be delivered to the VPS accounts of the subscribers to whom they are allocated on or about 20 April 2021.

ABG Sundal Collier ASA, Carnegie AS and DNB Markets, a part of DNB Bank ASA, are acting as managers for the Repair Offering (the "Managers"). Advokatfirmaet Selmer AS is acting as legal advisor to the Company.

For further information, please contact:
IR enquiries
Malene Brondberg, CFO
Cell: +44 7561 431 762
Email: ir@nordicnanovector.com

Media Enquiries

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Nordic Nanovector ASA - Final results of the repair offering Not for release, publication or distribution, directly or indirectly, in the United States of America, Canada, Japan or Australia THIS IS A RESTRICTED COMMUNICATION AND YOU MUST NOT FORWARD IT OR ITS CONTENTS TO ANY PERSON TO WHOM FORWARDING THIS …

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