NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TOU.S. NEWS WIRE SERVICES OR FOR DISSEMINATION INTHE UNITED STATES ,CANADA ,AUSTRALIA ORJAPAN , OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR OTHER MEASURES. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.S.D. Standard ETC Plc : Private Placement in Standard Supply successfully placed Limassol,June 10, 2022 Reference is made to the announcement made onJune 9, 2022 , concerning a contemplated private placement in Standard Supply AS ("Standard Supply") and a subsequent listing of Standard Supply's shares on Euronext Growth Oslo. The contemplated private placement was significantly oversubscribed and Standard Supply is pleased to announce that it has allotted 33,632,287 shares (the "New Shares") at the price ofNOK 4.46 corresponding to gross proceeds ofNOK 150 million (the "Private Placement"). Allocation to investors will be communicated onJune 10 2022 . Net proceeds from the Private Placement will be used to finance further growth within offshore support vessels as well for general corporate purposes. The settlement date for the New Shares will be on or aboutJune 14, 2022 . The Private Placement is expected to be settled with existing and unencumbered shares in the Company, pursuant to a share lending agreement between the Manager,Standard Supply andS.D. Standard ETC PLC . The Manager will settle the share loan through the issuance of the New Shares. The New Shares will be registered on Euronext NOTC on or about16 June 2022 pending the listing of Standard Supply on Euronext Growth, expected mid-July. Following registration of the new share capital pertaining to the Private Placement, Standard Supply will have a share capital ofNOK 13,393,228.70 divided by 133,932,287 shares, each with a par value ofNOK 0.10 .S.D. Standard ETC Plc will hold of 100,300,000 shares in the Company following the Private Placement, corresponding to 74.9% of the outstanding share capital following the Private Placement. The guarantee consortium led by Ferncliff Tih AS was allocated 3,095,613 New Shares at the offer price ofNOK 4.46 under their guarantee.Clarksons Platou Securities AS has acted as Sole Manager and Bookrunner in the Private Placement.Advokatfirmaet CLP DA has acted as Norwegian legal counsel to SDSD and Standard Supply. For further information please contact: Chairman of the Board Martin Nes at +47 92 01 48 14 *** The information in this announcement is considered to be inside information pursuant to theEU Market Abuse Regulation for SDSD. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange notice was published by Espen Lundaas, consultant, on the time and date provided. Important information The release is not for publication or distribution, in whole or in part directly or indirectly, in or intoAustralia ,Canada , Japan Hong Kong orthe United States (including its territories and possessions, any state ofthe United States and theDistrict of Columbia ). It is issued for information purposes only and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, inthe United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act"). The securities may not be offered or sold inthe United States except pursuant to an exemption from the registration requirements of the US Securities Act. Neither SDSD nor Standard Supply intend to register any portion of any offering of the securities inthe United States or to conduct a public offering of the securities inthe United States . Copies of this announcement are not being made and may not be distributed or sent intoAustralia ,Canada ,Japan orthe United States . The issue, subscription or purchase of shares in Standard Supply is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither SDSD, Standard Supply nor the Manager assumes any responsibility in the event there is a violation by any person of such restrictions. The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. The Manager is acting for Standard Supply and no one else in connection with the potential Private Placement in the Company and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release. Forward-looking statements: This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect Standard Supply's current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
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