Mosvold Supply Completes Private Placement
Mosvold Supply has secured financing commitments enabling the Company to fund the exercise of its option to construct an additional two large AHTS vessels at PT Batamec Shipyard, increasing the Company's construction program to four large Vik Sandvik 491 Clean Design AHTS vessels.
The Company will complete a NOK 115m million private placement of new shares through the issuance of 9.0 million new shares at NOK 12.75 per share. The private placement is fully underwritten by a consortium led by the Mosvold group, the founder and initiator of Mosvold Supply Plc. The placement will be made primarily to existing shareholders. The subscription period will close Friday 14 Sep at 17:00 CET, and existing shareholders are invited to maintain their shareholdings in the Company.
The convertible bond issue has been fully subscribed by companies controlled by Arne Blystad.
Pareto Securities ASA has been appointed as the Company's financial advisor in connection with these placements.
- Mosvold Supply to Build Two Anchor Handling Vessels (Sep 24)
- Mosvold Supply Completes Private Placement (Sep 13)