Remedial Public Company Limited has successfully completed an initial public offering of 5,400,900 new shares at NOK 27 per share ahead of its listing on Oslo Axess.
Following completion of the offering, Remedial has a total of 29,440,924 shares in issue, each share with a nominal value of USD 0.0025, and an issued share capital of USD 73,602.31.
The first day of Axess trading will be Friday, June 27, 2008. SEB Enskilda AS has acted as lead manager and Arctic Securities ASA as co-manager for the IPO.
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