On 13 May 2019, Data Respons announced the successful placement of 12,000,000 new shares in the Company at a subscription price of NOK 27 per share, raising gross proceeds of NOK 324m. The Company will also conduct a subsequent repair offering of up to 1,800,000 new shares at the same subscription price. Net proceeds from the Private Placement will be used to fund contemplated M&A activity. ABG Sundal Collier acted as Joint Lead Manager and Joint Bookrunner in the transaction.
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