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Completion of offering of new shares in NKT A/S in connection with directed issue and private placement

Written by Customer Service on . Posted in Public Companies.

Company Announcement13 May 2020
Announcement No. 11NOT 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.Completion of offering of new shares in NKT A/S in connection with directed issue and private placementThe offering (the Offering) of up to 4,951,106 new shares in NKT A/S (NKT or the Company) has now been successfully completed through an accelerated book-building process. Reference is made to company announcement no. 9 of 13 May 2020.NKT has successfully completed a directed issue and private placement of 4,951,106 new shares (the New Shares) at an offer price of DKK 138 per share, raising gross proceeds to NKT of approximately DKK 683 million.The Offering was made pursuant to applicable exemptions from the obligation to publish a prospectus in a directed issue and private placement and subscribed for by eligible institutional and professional investors in Denmark and in certain other jurisdictions at market price and without pre-emption rights for NKT’s existing shareholders.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.As the Offering was oversubscribed, an individual allocation of the New Shares was made.Capital increase

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