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NKT A/S to issue up to 4,951,106 new shares in a directed issue and private placement

Written by Customer Service on . Posted in Public Companies.

Company Announcement13 May 2020
Announcement No. 9NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.NKT A/S to issue up to 4,951,106 new shares in a directed issue and private placementThe Board of Directors of NKT A/S (NKT or the Company) has resolved to launch an offering of new shares at market price (the Offering). The Offering will be completed through an accelerated book-building process and will consist of up to 4,951,106 new shares (the New Shares), representing up to 18.15 % of NKT’s currently registered share capital in a private placement directed at institutional and professional investors in Denmark and certain other jurisdictions.Background for the Offering
On 13 May 2020, NKT announced its plan to strengthen its capital base, cf. Company Announcement no. 8. The Offering is the first step in the execution of such capital plan and the net proceeds from the Offering will be used to strengthen NKT’s capital base as set out in said announcement.

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