NKT A/S Issues Prospectus For A Rights Issue – Debt Capital Markets

To print this article, all you need is to be registered or login on Mondaq.com.

Danish turnkey cable provider NKT A/S has just published
a prospectus for a rights issue, and Kromann Reumert has assisted
NKT A/S throughout the process.

NKT A/S has today published a prospectus setting out the terms
of its offering of new shares in a rights issue. If all shares are
subscribed for in the offering, the gross proceeds will be approx.
DKK 2,740 million, which will be used for investments in production
and installation capacity. As one of the world’s leading
manufacturers of cables connecting offshore wind farms to the grid,
NKT is already a major player in the green transition of the energy
sector. We have over the years developed a strong relationship with
NKT, who relies on our services in almost all practice areas.

The offering comprises up to 10,744,009 new shares, which will
be issued with pre-emptive rights for NKT A/S’ existing
shareholders. The subscription price is DKK 255 per new share.

Danske Bank, Nordea and J.P. Morgan act as joint global
coordinators and joint bookrunners in the offering with SEB and
Nykredit acting as joint lead managers.

Originally published 08 June, 2023

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: Finance and Banking from Denmark

The Crowdfunding Service Providers Act

Finance Malta

In recent years, the financial sector has undoubtedly experienced a rise in crowdfunding services. Nonetheless, despite its popularity, this alternative method of raising capital, or venture…

Check Also

Colin Cowherd_ Steelers Will ‘Delude Themselves’ Believing In Kenny Pickett, Claims Staff Scared To Draft QB Till Massive Ben Retired

After slamming Pittsburgh Steelers QB Kenny Pickett instantly following the crew’s 20-16 win over the …

Leave a Reply

Your email address will not be published. Required fields are marked *