Private placement was oversubscribed several times.
SalMar on Tuesday afternoon, raised EUR 270 million through the allocation of 4,500,000 new shares in the company at a subscription price of NOK 602 per share.
This means a discount of NOK 49, or 4.6 per-cent, from the last share price on Tuesday.
The new shares allocated in connection with the private placement do not carry the right to the NOK 20 dividend as announced by the company on 9 April 2021, SalMar emphasised.
The private placement was carried out through an accelerated bookbuilding process facilitated by investment banks Arctic Securities and Carnegie after the end of trading on Tuesday.
It received “strong interest from high-quality Nordic and international institutional investors, and was repeatedly oversubscribed”.
SalMar sees several attractive growth and investment opportunities from the proceeds from the private placement. The equity thus had a very flexible feel for Gustav Witzøe &co.
Witzøe-controlled Kverva Industrier, the company’s largest shareholder, has been awarded 498,339 new shares in the private placement, and after completion will own 59,934,476 shares in the company.