ABG Sundal Collier acted as joint bookrunner in the NOK 175 million Private Placement of shares in Lumi Gruppen AS

On Tuesday 7 March 2023, Lumi Gruppen AS (”Lumi Gruppen” or the “Company”) announced the successful completion of a Private Placement of 16.7 million new shares at a price of NOK 10.50 per share, generating gross proceeds of NOK 175 million. The price corresponds to an 8.2% discount versus 30-day VWAP and a 3.9% discount versus the 90-day VWAP as of 7 March 2023.
Lumi Gruppen intends to use the net proceeds from the Private Placement to strengthen the balance sheet, including refinancing the Company’s long-term credit facility, allowing the Company to continue with its growth initiatives and benefit from likely market recovery, and general corporate purposes.
Completion of the Private Placement is subject to an extraordinary general meeting to be held on or about 16 March 2023.
This is the fourth time ABG Sundal Collier acts as advisor in a transaction involving Lumi Gruppen, having also advised on Procuritas sale of the Company to EMK in 2017, the Company’s private placement and Euronext Growth listing in February 2021 and EMK Capital’s full divestment in February 2022.