Reach Subsea ASA: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Reach Subsea ASA Announces Details of Subsequent Offering
Reach Subsea ASA announced that the Extraordinary General Meeting in the Company held on May 29, 2013 resolving inter alia a private placement of 31,737,500 new shares, authorized the Board of Directors to carry out a subsequent offering increased to 704,240 shares. The increase is a consequence of adjusted subscription criteria in the subsequent offering. The shares in the subsequent offering may, to the extent permitted by applicable law, be subscribed for by shareholders in the Company as of May 3, 2013 holding less than 85,500 shares in the Company as of such date, except for shareholders being (i) employees or Board Members in the Reach group, (ii) companies controlled by employees or Board Members in the Reach group, or (iii) allocated shares in the private placement. Each eligible shareholder will receive non-tradable subscription rights based on their shareholding as of May 3, 2013. The subscription price in the subsequent offering will be the same as in the private placement (i.e. NOK 3.20 per share) and a total of 704,240 new shares will be offered. This means that each entitled shareholder will receive the right to subscribe for and be allotted 0.5 new shares for each share held as of May 3, 2013.
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