Aqualis ASA Announces Rights Issue towards Existing Shareholders and Directed Share Issue as Consideration for Contribution in Kind in Connection with Acquisition of Aqualis Offshore
Aqualis ASA announced that in connection with the Company's acquisition of Aqualis Offshore the Financial Supervisory Authority of Norway has approved the prospectus on (i) listing of 43,750,000 New Shares, issued to the Aqualis Offshore Ltd shareholders as consideration for the Contribution in Kind; (ii) offering and listing of 33,755,515 Offer Shares, each with a par value of NOK 1, at a subscription price of NOK 1.60 per Offer Share with tradable subscription rights for existing shareholders of Aqualis ASA as per the end of October 8, 2013 (Rights Issue), and (iii) offering of up to 5,000,000 Employee Offer Shares at a subscription price of NOK 1.60. The Company's Rights Issue comprises an offering of 33,755,515 offer shares at a subscription price of NOK 1.60, corresponding to gross proceeds of approximately NOK 54 million. The Rights Issue will be directed towards the Company's shareholders.
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