Endur ASA

08/27/2020 | Press release | Distributed by Public on 08/27/2020 00:32

Endúr ASA: Subsequent Repair Offering will not be carried out

Endúr ASA: Subsequent Repair Offering will not be carried out

27.08.2020 08:28

Reference is made to the stock exchange notice on 30 June 2020 regarding the successfully completed private placement of NOK 100 million through the issue of new shares in Endúr ASA (the 'Company') at a subscription price of NOK 1.50 per share (the 'Private Placement'). In the announcement the board of the Company also expressed its intention to complete a subsequent repair issue at the same subscription price as in the Private Placement. Since completion of the Private Placement the Company's shares have in periods traded similar to, or below, the subscription price in the Private Placement and the total traded volume at these price levels has been above the volume in the subsequent repair issue. As a result, the board of directors of the Company has found that existing shareholders who did not participate in the Private Placement has had sufficient opportunity to reduce their dilution at trading prices below the subscription price in the planned subsequent repair issue. The board of directors has therefore decided not to complete a subsequent repair issue following the Private Placement. Contact person: CFO Nils Hoff, tlf. +47 930 92 346 This information is disclosed in accordance with the Continuing Obligations for listed companies.