The Placing, which was completed after close of markets yesterday through an accelerated bookbuilding process managed by ABG Sundal Collier, Carnegie and Swedbank, comprised a total of 16,000,000 shares in Scatec Solar and was priced at NOK 42.00 per share.
Scatec sold 8,000,000 shares in the Placing, and as a result Scatec now holds 19,482,339 shares in Scatec Solar, representing approximately 20.8 percent of the outstanding shares in the Company. As a consequence of the transaction, Scatec’s holding of Scatec Solar shares has fallen below the threshold of 25 percent of the outstanding share capital, cf. the Securities Trading Act section 4-3.
Itochu sold 8,000,000 shares in the Placing, and as a result Itochu now holds 9,768,657 shares in Scatec Solar, representing approximately 10.4 percent of the outstanding shares in the Company. As a consequence of the transaction, Itochu’s holding of Scatec Solar shares has fallen below the threshold of 15 percent of the outstanding share capital, cf. the Securities Trading Act section 4-3.
The percentages have been calculated based on 93,816,230 issued shares in Scatec Solar.
Scatec is represented on the Board of Directors in the Company (the "Board") by John Andersen (Chairman) and Alf Bjørseth, while Itochu is represented on the Board by Yuji Tachikawa.
This notification is subject to disclosure pursuant to the Norwegian Securities Trading Act section 4-2 and 4-3.