News
Glitnir Securities raises EUR 56 million in Noreco’s private placement
Glitnir Securities and Pareto Securities AS acted as joint lead managers in the private placement for 19,149 million new shares on Friday. The private placement was substantially over-subscribed. The subscription price was set to NOK 23.50 per share, giving gross proceeds of approximately EUR 56 million (NOK 450 million).
Jan H. Solstad, director of Corporate Finance in Glitnir Securities, says that in the private placement of shares on Friday, the Glitnir Securities experienced substantial interest from investors. "The brokers at Glitnir Securities handled a major part of the subscriptions. The Noreco private placement shows that Glitnir Securities has built up significant knowledge and placing power also within the oil and gas sector. Noreco has expressed great satisfaction with the way Glitnir handled the placement", says Mr. Solstad.
For further information:
Bjørn Richard Johansen, Managing Director, Global Corporate Communication
Mobile: +47-47 800 100, E-mail: brj@glitnir.no
