Reference is made to the stock exchange announcement from Borgestad ASA (the
"Company) published on 20 December 2023, regarding the final result of the
subsequent offering in the Company, where a total of 250,000,000 new shares
were subscribed and allocated at a subscription price of NOK 0.25 per share.
The share capital increase pertaining to the subsequent offering has now been
registered with the Norwegian Register of Business Enterprises. The Company's
new share capital is NOK 350,620,710.25, divided into 1,402,482,841 shares, each
with a nominal value of NOK 0.25.
The new shares are expected to be delivered to the respective subscribers' VPS
accounts during the day today, on 27 December 2023, subject to timely payment.
For further information, please contact:
Pål Feen Larsen, CEO of Borgestad ASA
Tel.: +47 48 84 53 33
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This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.
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About Borgestad|www.borgestad.no
Borgestad ASA (OSE:BOR) is an investment company focused on real estate and
industry. The key investments include Agora Bytom shopping center and the
leading refractory manufacturer Höganäs Borgestad.
About Höganäs Borgestad | www.hoganasborgestad.com
Höganäs Borgestad develops, manufactures and delivers refractory products,
installations and turnkey solutions that enhance the productivity and
competitiveness of industrial customers. The aim is to contribute to the
customers' profitability by providing high-value refractory solutions to their
challenges. Today, the company is a leading supplier in the refractory market of
the Nordic countries and has a global presence in a number of selected
application areas.