NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE
UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Oslo, 10 September 2024
Reference is made to the stock exchange announcement published by NRC Group ASA
(the "Company") today regarding the Company contemplating a private placement of
new shares (the "Offer Shares") to raise gross proceeds of NOK 200 million to
strengthen the liquidity position, to mitigate potential impact of ETM and
support the new strategic roadmap (the "Private Placement").
The Company hereby announces the successful completion of the Private Placement
of 80,000,000 Offer Shares at an offer price of NOK 2.50 per share (the "Offer
Price") for gross proceeds of NOK 200 million. The Private Placement attracted
strong interest from both existing shareholders as well as new high-quality
investors and was significantly oversubscribed.
The Company has engaged ABG Sundal Collier ASA and Danske Bank, Norwegian Branch
as joint bookrunners and managers (together, the "Managers") to assist the
Company in the Private Placement.
Following completion of the Private Placement, the Company will have a share
capital of NOK 152,954,549 divided on 152,954,549 shares, each with a nominal
value of NOK 1.00.
The following primary insiders have subscribed for and been conditionally
allocated Offer Shares in the Private Placement at the Offer Price:
· Anders Gustafsson, CEO, for NOK 1,000,000