Key points
- The rights issue aims to raise gross proceeds of a minimum of NOK 5 million and a maximum of the NOK equivalent of EUR 1 million.
- Up to 5,500,000 new shares will be offered at a subscription price of NOK 2.00 each.
- Existing shareholders registered as of the 21 February 2025 record date will receive 2.66 subscription rights per share, on a 1:1 subscription ratio.
- Fearnley Securities AS is managing the offering, and the subscription rights themselves will not be listed.
Reference is made to the stock announcement published by Green Minerals AS («GEM» or the «Company») earlier today, on 18 February 2025, regarding a contemplated underwritten rights issue in the Company raising gross proceeds of a minimum of NOK 5 million and a maximum of the NOK equivalent of EUR 1 million. Key information relating to the Rights Issue is set out below.
Date on which the terms and conditions of the preferential rights issue were announced: 18 February 2025
Last day including rights: 19 February 2025
Ex-date: 20 February 2025
Record Date: 21 February 2025 (assuming normal T+2 settlement)
Date of approval: 18 February 2025.
Maximum number of new shares: 5,500,000 shares.
Subscription price: NOK 2.00.
Ratio preferential rights: Each existing shareholder as of 19 February 2025 (and being registered as such in Euronext Securities Oslo, the Norwegian Central Securities Depository (CSD) at the expiry of 21 February 2025 (the Record Date)) will be granted 2.66 subscription rights for each share registered as held by the shareholder. The number of subscription rights granted to each existing shareholder will be rounded down to the nearest whole subscription right.
Subscription ratio: 1:1 (number of new shares per subscription right)
Managers: Fearnley Securities AS
Will the rights be listed: No
ISIN for the preferential rights: NO0013484717
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act and Euronext Growth Oslo Rule Book part II.
