ABG Sundal Collier acted as joint manager and bookrunner for Norcod AS’s NOK 175m private placement of Norcod AS

Norcod AS (“Norcod” or “the Company”) announced on Tuesday March 23 2022 the successful completion of a private placement of new shares. The transaction comprised 2.2 million shares, at a fixed price of NOK 80 per share, equating to a total transaction size of NOK 175 million. The transaction implies a market capitalisation of approximately NOK 1.54 billion. The net proceeds from the private placement will primarily be used to i) increase biomass in accordance with the Company’s production plan ii) develop two new locations iii) and for general corporate purposes. The offering attracted strong interest from new investors as well as strong support from existing shareholders and was oversubscribed.