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Belships ASA Announces Details on Rights Issue


Thursday, 27 Jun 2013 08:09am EDT 

Belships ASA announced that the share capital of Belships will be increased by NOK 45,000,000 through an issue of 22,500,000 new shares. The subscription price will be NOK 4 per share representing a discount to the theoretical ex-rights price (TERP) of approximately 24% based on Belships' closing share price on June 21, 2013. The rights issue will result in gross proceeds to Belships of NOK 90,000,000. Existing shareholders will receive 0.9239 tradable subscription rights for every existing share held. One subscription right will entitle the holder to subscribe and receive allocation of one new share. Oversubscription and subscription without subscription rights will be permitted; however, there can be no assurance that shares will be allocated for such subscriptions. The subscription period will commence on July 3, 2013 and end on July 24, 2013 at 16.30 (Oslo time). Trading of subscription rights will commence on July 3, 2013 and end on July 24, 2013 at 16.30 (Oslo time). 

Company Quote

3.8
0.2 +5.26%
22 Dec 2014