ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the NOK 346m private placement in Solon Eiendom ASA

 
Solon Eiendom ASA (the “Company”) has successfully completed a directed share issue of 9,114,361 new shares at a subscription price of NOK 38.00 per share yielding approximately NOK 346 million in gross proceeds to the Company (the “Private Placement”). The Private Placement, which represents approximately 15% of the current outstanding shares in the Company, was directed towards a small group of leading investors and the price in the Private Placement was set at a premium to the closing price in the Company’s share of NOK 37.80 on 16 May 2019, the last trading day in the Company’s shares on the Oslo Stock Exchange prior to the Private Placement being announcement.
The net proceeds from the private placement will be used to fund further acquisitions of property and to strengthen the Company’s balance sheet.
ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the NOK 346m private placement in Solon Eiendom ASA.
About Solon Eiendom ASA
Solon Eiendom is a Norwegian residential real estate development company focusing on the Oslo and Akershus region.