Reference is made to the
stock exchange notice published on 24 August 2018 regarding
publication of a prospectus and with further information regarding
a subsequent offering with gross proceeds of up to NOK 20 million
directed towards eligible shareholders (the "Subsequent Offering").
The Subsequent Offering consisted of an offer of minimum 1 and
maximum 8,888,889 new shares (each an "Offer Share") in Hofseth
BioCare ASA (the "Company" or "HBC"). The subscription period for
the Subsequent Offering ended on 10 September 2018 at 16.30 hours
(CEST). The subscription price in the Subsequent Offering was NOK
2.25 per Offer Share. Sparebank 1 Markets AS has acted as manager
(the "Manager") for the Subsequent Offering.
At the end of the
subscription period, the Company and the Manager has received
subscriptions for a total of 6,600,298 Offer Shares out of
8,888,889 Offer Shares available.
The Board of Directors of
HBC has approved the final allocation of Offer Shares based on the
allocation criteria resolved by the Company's general meeting on 16
July 2018 and has allocated 6,600,298 Offer Shares to the
subscribers. A total of 4,757,799 Offer Shares have been allocated
on the basis of exercised subscription rights and 1,842,499 Offer
Shares have been allocated to subscribers on the basis of
oversubscription.
The Subsequent Offering
raised gross proceeds of approx. NOK 14.9 million.
Payment for the Offer Shares
allocated to the subscribers falls due on 18 September 2018.
Letters of allocation giving notification of allocated Offer Shares
and the corresponding amount to be paid will be distributed to the
subscribers later today.
For further information,
please contact:
Jon Olav Ødegård, CFO of
Hofseth BioCare ASA
Mob: +47 936 32 966
E-mail: joo@hofsethbiocare.no
About Hofseth BioCare
ASA:
HBC is a Norwegian biotech
company that offers high-value ingredients and finished products
for humans and pets. The company is founded on the core values of
sustainability, traceability and optimal utilization of natural
resources. Through an innovative hydrolysis technology, HBC can
preserve the quality of salmon oil, proteins and calcium, prepared
of fresh salmon off-cuts. HBC's objective is to contribute to the
efficient use of marine resources and deliver quality products for
ingredients and finished consumer products in the nutrition
market.
Hofseth BioCare's
headquarters are in Ålesund, Norway with branches in Oslo, Chicago,
Mumbai, Palo Alto and Tokyo. HBC is listed on Oslo Stock Exchange
Axess list with ticker "HBC". More information about Hofseth
BioCare at www.hofsethbiocare.com and
www.facebook.com/hofsethbiocare
This information is subject
to the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.