ABGSC acted as Sole Global Coordinator and Joint Bookrunner in the NOK 710 million private placement in Elektroimportøren AS and subsequent listing on Euronext Growth

Elektroimportøren AS (“Elektroimportøren”, or “the Company”) announced on Monday 14 December 2020 the successful placement of 14,718,529 shares at a price of NOK 48.25 per share for a total transaction size of NOK 710 million (the “Private Placement”). The Private Placement consisted of a sale of 13,468,529 existing shares (the “Sale Shares”) and an over-allotment of 1,250,000 additional shares (the “Additional Shares”, together with the Sale Shares, the “Offer Shares”).
The Offering, which attracted strong interest from institutional and other high-quality long-term investors, was substantially oversubscribed. Six cornerstone investors subscribed for and were allocated shares for NOK 385 million; (i) Eika Kapitalforvaltning (NOK 95 million), (ii) Nordea Investment Management (NOK 95 million), (iii) WQZ Investment Group Ltd (NOK 95 million), (iv) Pareto Asset Management (NOK 40 million), (v) Sissener AS (NOK 35 million), and (vi) Delphi Funds, a part of Storebrand (NOK 25 million).
Elektroimportøren has applied for, and will, subject to necessary approvals from the Oslo Stock Exchange, list the shares of the Company on Euronext Growth Oslo. The first day of trading is expected to be on Wednesday 16 December, and the company will trade under the ticker code “ELIMP”.