AKVA group ASA (“AKVA”) is planning to release new shares to the stock market by means of a rights issue. AKVA has announced that it wishes to raise capital for investments in development of the company’s core products and core lines of business.
Terms of the Rights Issue
AKVA is releasing 8,611,434 new shares at a subscription price of NOK 11.00 per share. This is a fully underwritten rights issue, so any rights not taken up by shareholders will be purchased by the underwriters. Details subject to confirmation.
- Ex-date: 25th May 2011
- Record Date: 24th May 2011
- Ratio: 0.5 sub-rights for each share held.
- Call Price: NOK11.00
- Subscription period: 03/06/11 to 23/06/11
- Call date: 28th June 2011
After completion of the rights offering the share capital in AKVA will be NOK 25,834,303, divided on 25,834,303 shares, each having a par value of NOK 1.00.
AKVA Group Information
AKVA group develops technology for the global fish farming industry and is the only company in this market with global distribution.