Reference is made to the stock exchange announcement published by poLight ASA (the “Company“) on 22 March 2024, concerning, among other things, a notice for an extraordinary general meeting (the “EGM“) to discuss and approve a partially underwritten rights issue, to raise gross proceeds of up to NOK 160 million (the “Rights Issue“), of which an underwriting consortium has agreed to underwrite subscription of new shares for gross proceeds of NOK 130 million.
Date on which the terms and conditions of the Rights Issue were announced: 22 March 2024
Last day including right: 18 April 2024
Ex-date: 19 April 2024
Record Date: 22 April 2024
Date of approval: 18 April 2024
Number of new shares: Minimum 56,313,623 and maximum 69,309,075
Subscription price: NOK 2.3085
Ratio subscription rights: 1.046782 subscription right per 1 existing share in the Company. The aggregate number of subscription rights granted to each shareholder will be rounded down to the nearest whole subscription right.
Subscription ratio: 1:1 (1 subscription right will give the right to subscribe 1 new share in the Rights Issue)
Manager: Pareto Securities AS
Will the rights be listed: Yes
ISIN for the subscription rights: NO 001 3214833
Other information: The Rights Issue is partially underwritten, where an underwriting consortium has agreed to underwrite subscription of new shares for gross proceeds of NOK 130 million. The Rights Issue is subject to approval by the Company’s extraordinary general meeting (the “EGM“) to be held today, 18 April 2024, at 18:30 hours (CEST). Please refer to the notice for the EGM for further information about the Rights Issue, published by the Company on 22 March 2024 and available on https://www.polight.com/investors/general-meetings/default.aspx, as well as information relating to determination of the subscription price and the number of shares in the Rights Issue, published by the Company earlier today on 18 April 2024.