Kyoto Group AS: Final results of Subsequent Offering
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Oslo, 14 February 2023: Reference is made to the stock exchange notice from Kyoto Group AS ("Kyoto" or the "Company") on 2 February 2023 regarding the subsequent offering of up to 500,000 new shares (the "Offer Shares") in the Company (the “Subsequent Offering”) at a subscription price of NOK 17.50 per share (the "Offer Price").
The subscription period for the Subsequent Offering ended yesterday, on 13 February 2023 at 16:30 CET. By the end of the subscription period, the Company had received valid subscriptions for 141,182 Offer Shares in the Subsequent Offering. The board has today resolved that a total of 141,182 Offer Shares will be allocated at the Offer Price in accordance with the allocation criteria set out in offering materials, raising gross proceeds of NOK 2,470,685.
Notifications of allocated Offer Shares in the Subsequent Offering and the corresponding amount to be paid by each subscriber will be sent out in a separate letter to each subscriber. Investors that are allocated Offer Shares can access information to the number of Offer Shares allocated through VPS on 14 February 2023. The due date for payment of the Offer Shares is on 16 February 2023.
Subject to duly and timely payment of the Offer Shares by the subscribers, the share capital increase pertaining to the Offer Shares is expected to be registered in the Norwegian Register of Business Enterprises on or about 21 February 2023, and will be delivered to the VPS accounts of the subscribers shortly thereafter. The Offer Shares will have equal rights and rank pari passu with the Company's other shares.
Arctic Securities AS and Fearnley Securities AS are acting as managers for the Subsequent Offering (the "Managers"). Advokatfirmaet Wiersholm AS is acting as legal counsel to Kyoto.
