NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
10 September 2024: NRC Group ASA ("NRC" or the "Company") has retained ABG
Sundal Collier ASA and Danske Bank, Norwegian Branch as joint bookrunners and
managers (the "Managers") to advise on and effect a private placement of new
ordinary shares in the Company (the "Offer Shares") to raise gross proceeds of
approximately NOK 200 million (the "Private Placement").
The subscription price per Offer Share in the Private Placement (the
"Subscription Price") is NOK 2.5 per Offer Share. The net proceeds from the
Private Placement will be used to strengthen the liquidity position, to mitigate
potential impact of ETM and support the new strategic roadmap.
The bookbuilding period in the Private Placement will commence today, 10
September 2024 at 16:30 CEST and close on 11 September 2024 at 08:00 CEST (the
"Bookbuilding Period"). The Company and the Managers reserve the right, at their
sole discretion, to extend or shorten the bookbuilding period at any time and
for any reason on short or without notice. If the Bookbuilding Period is
extended or shortened, the dates referred to herein might be changed
accordingly. Notification of conditional allotment will be sent to applicants by
the Managers on or about 11 September 2024, subject to any shortening or
extensions of the Bookbuilding Period.
VR-Yhtymä Oy, owning 18.3% of the Company's shares, has pre-committed to
subscribe for Offer Shares for its pro-rata share in the Private Placement.
The following primary insiders have pre-committed to subscribe for Offer Shares
in the Private Placement as follows:
· Anders Gustafsson, CEO, for NOK 1,000,000