Saga Pure ASA, tidligere Saga Tankers

zappa66 · november 30, 2020, 7:26pm

Spettet lar seg vanne ut i emisjonen

Krieghoff · november 30, 2020, 8:44pm

Flott når direktør selger seg kraftig ned før børsen åpner og man smeller til med emisjon etter børsen er stengt

TekBot · november 30, 2020, 9:17pm

Saga Pure ASA - Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
…

Vis børsmeldingen

UNLAWFUL.

Oslo, 30 November 2020.

Reference is made to the stock exchange release from Saga Pure ASA ("SAGA " or
the “Company”) published on 30 October 2020 regarding a contemplated private
placement (the “Private Placement”). The Company is pleased to announce that it
has raised NOK 54.4 million in gross proceeds through the Private Placement of
34,000,000 new shares (the “Offer Shares”), at a price per share of NOK 1.60
(the “Subscription Price”). Fearnley Securities AS acted as Sole Manager and
Bookrunner (the “Manager”) for the Private Placement.

The Private Placement was well oversubscribed. The net proceeds from the Private
Placement will be used to strengthen the Company’s investment capacity in the
green investment universe and for general corporate purposes.

Notification of allotment of the Offer Shares including settlement instructions
will be sent to the applicants through a notification from the Manager on or
about 1 December 2020.

Settlement for the Private Placement is expected to be on or about 3 December
2020 (DVP, T+2). The delivery of New Shares will be settled with existing and
unencumbered shares in the Company that are already listed on the Euronext
Expand, pursuant to a share lending agreement between the Manager and the
Company’s largest shareholder, Øystein Stray Spetalen. Accordingly, the shares
delivered to the investors will be tradable upon delivery.

In order to settle the share loan, the Company’s Board of Directors has resolved
to issue 34,000,000 new shares in the Company pursuant to an authorisation
granted by the Company’s annual general meeting. Consequently, the share capital
of the Company will be increased with NOK 340,000. Following registration of the
Private Placement, the Company will have 374,149,831 shares outstanding, each
with a par value of NOK 0.01.

The Board of the Company has resolved to not carry out a subsequent offering, as
the Subscription Price provides only a modest discount to the closing price of
the Company’s shares on 30 November 2020 and a significant premium to the
average trading price of the Company’s shares during the last 30, 60 and 90 day
periods.

The waiver of the preferential rights inherent in a private placement is
considered necessary in the interest of time and successful completion of the
Private Placement. Taking into consideration the time, costs and expected terms
of alternative methods of the securing the desired funding, the Board has
concluded that the completion of the Private Placement on the proposed terms at
this time is in the mutual interest of the Company and its shareholders, and
considers that the Private Placement complies with the equal treatment
obligations under the Norwegian Securities Trading Act and the Oslo Stock
Exchange’s Circular no. 2/2014.

Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in
connection with the Private Placement.

For additional information, please contact:

Espen Lundaas, CEO, +47 924 31 417, e-mail: [email protected]
(mailto:[email protected])

Martin Nes, Chairman, +47 920 14 814, e-mail: [email protected]
(mailto:[email protected])

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · november 30, 2020, 9:23pm

Mandatory Notification of Trade - Øystein Stray Spetalen

rayman · november 30, 2020, 11:19pm

Kan jo nesten se ut som det var planlagt…

TekBot · desember 9, 2020, 11:42am

Saga Pure Asa: Share Capital Increase Registered

Reference is made to the stock exchange notice from Saga Pure ASA (the
“Company”) dated 30 November 2020 regarding completion of a private placement of
34,000,000 new shares in the Company, raising gross proceeds of NOK 54.4 million
…

Vis børsmeldingen

(the “Private Placement”).

The share capital increase pertaining to the Private Placement has now been
registered with the Norwegian Register of Business Enterprises. The new
registered share capital of the Company is NOK 3,741,498.31 divided by
374,149,831 shares, each with a par value of NOK 0.01.

The new shares issued in the Private Placement will initially be issued on a
separate ISIN, and will only be converted to the ordinary ISIN of the Company’s
shares following approval and publication of a listing prospectus. The new
shares issued in the Private Placement will be delivered to Øystein Stray
Spetalen in order to settle the share lending agreement entered into in
connection with the Private Placement.

For further information, please contact:
CEO Bjørn Simonsen
+47 97 17 98 21
CFO Espen Lundaas
+47 92 43 14 17

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 11, 2020, 7:01am

Saga Pure ASA: Takes a >20% ownership share in Bergen Carbon Solutions

(Oslo, 11 December 2020) Saga Pure ASA (Saga, OSE: SAGA) has committed to
subscribe for NOK 30 million in a gross NOK 40 million private placement of new
shares (the “Private Placement”) in Bergen Carbon Solutions AS (BCS), a company
…
Vis børsmeldingen

which has developed a technology for converting CO(2 )to carbon nanofibers
(CNF). Following the Private Placement Saga will have an ownership of 21,4% in
BCS.

“With the increasing global focus on reducing CO(2)-emissions, the world needs
innovative solutions, both to capture, but preferably also utilizing the CO(2)
as a resource. The technology BCS has developed transforms CO(2) into valuable
carbon nanofibers, and as such truly a sustainable solution for the long run.
We’re excited to join as shareholders in BCS, and look forward to having an
active ownership role in the company as the technology now is being scaled up
for commercial operations,” says Bjørn Simonsen, CEO of Saga Pure.

BCS is a company based in Bergen, Norway which has developed an innovative
technology that converts CO(2) into high value CNF. The process uses
significantly less electricity than conventional production methods, and is
currently the only technology that can produce CNF with zero emissions. CNF
combines high strength and low weight with exceptional heat and electricity
conductivity, and is used in numerous sectors such as aerospace, automotive,
sports, electronics, construction, energy and others. Today’s global annual
market for CNF is estimated to be approximately USD 400 million per year, and
expected to increase by 10% per year going forward.

BCS will use the net proceeds from the Private Placement to build a commercial
scale production unit, strengthen the company’s working capital and for general
corporate purposes.

The completion of the Private Placement is subject to i) all necessary corporate
resolutions being validly made by BCS, including approval of an extraordinary
general meeting in BCS within end of December 2020, and ii) signing of an option
agreement which gives Saga the right to further invest NOK 30 million.
                                  ENDS
For further information, please contact:
Bjørn Simonsen, CEO, +47 97 17 98 21
Espen Lundaas, CFO, +47 92 43 14 17

About Saga Pure ASA
Saga Pure is an investment company focusing on opportunities within renewable
energy, hydrogen, circular economy and CO(2)-reductions.

Kilde

TekBot · desember 14, 2020, 3:50pm

Saga Pure ASA - Contemplated Equity Offering of Up To 30 million shares

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
…

Vis børsmeldingen

BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR
SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

Oslo, 14 December 2020

Saga Pure ASA (“SAGA” or the “Company”) (OSE: “SAGA”) is contemplating an equity
offering through the issue of up to 30 million shares (the “Offer Shares”) at a
price per Offer Share to be determined in a bookbuilding process (the “Equity
Offering”). The net proceeds will increase the Company’s investment capacity in
the green investment universe. Fearnley Securities AS has been retained as Sole
Manager and Bookrunner (the “Manager”) for the Equity Offering.

The Offer Shares will be issued under the Board of Directors’ existing
authorization to increase the share capital.

The Company’ largest shareholder Øystein Stray Spetalen has (through controlled
company Tycoon Industrier AS) pre-committed to subscribe for Offer Shares in the
amount of approximately NOK 10 million, and will be given full allocation for
this amount. CEO Bjørn Simonsen has pre-committed to subscribe for NOK 2
million, through controlled company Simonsen Invest AS, and will be given full
allocation for this amount.

The net proceeds from the Equity Offering will be used to strengthen the
Company’s working capital and for general corporate purposes.

The application period opens today, on 14 December 2020, at 16:45 CET and ends
at 08:00 CET on 15 December 2020. The Company may, in its own discretion, extend
or shorten the application period at any time and for any reason. The minimum
application and allocation amount in the Equity Offering has been set at the NOK
equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an
amount below EUR 100,000 to the extent applicable exemptions from relevant
prospectus and registration requirements are available. Allocation of the Offer
Shares will be determined at the end of the application period, and final
allocation will be made by the Board at its sole discretion, with preference for
existing shareholders. Notification of the allocation is expected to be sent by
the Manager on or about 15 December 2020. Settlement of the Equity Offering is
expected on or about 17 December 2020 on the basis of existing and already
listed shares under a borrowing arrangement with Øystein Stray Spetalen.

The Equity Offering will be carried out as a private placement and the Board is
of the opinion that this is in the best interest of the Company and its
shareholders. The Board has taken into consideration, among other things, the
fact that the Equity Offering will give the Company the possibility to raise
capital quickly and at a price per Offer Share expected to be higher than in a
rights issue. The Board will also consider implementing a subsequent repair
issue towards eligible shareholders to limit the dilutive effects of the Equity
Offering.

The Equity Offering is directed towards investors subject to applicable
exemptions from relevant prospectus requirements, (i) outside the United States
to non-US persons in reliance on Regulation S under the US Securities Act of
1933 (the “US Securities Act”) and (ii) in the United States to “qualified
institutional buyers” (“QIBs”) as defined in Rule 144A under the US Securities
Act in transactions that are exempt for registration under the US Securities
Act.

The completion of the Equity Offering by delivery of Offer Shares is subject to;
(i) all necessary corporate resolutions being validly made by the Company,
including without limitation, the Company’s board of directors resolving to
approve the Private Placement and issue the Offer Shares pursuant to its
existing authorization to increase the share capital.

Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in
connection with the Private Placement.

IMPORTANT NOTICE
This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company.

Copies of this announcement are not being made and may not be distributed or
sent into any jurisdiction in which such distribution would be unlawful or would
require registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to “qualified institutional buyers” as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression “Prospectus
Regulation” means Regulation 2017/1129 as amended (together with any applicable
implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as “relevant persons”). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Neither the Manager nor any of its respective affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of its respective affiliates accepts any liability arising from the use
of this announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

zappa66 · desember 14, 2020, 6:34pm

Spettet gjør som han vil i dette lille leketøyet

TekBot · desember 14, 2020, 9:56pm

Saga Pure ASA - Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
…

Vis børsmeldingen

UNLAWFUL.

Oslo, 14 December 2020.

Reference is made to the stock exchange release from Saga Pure ASA ("SAGA " or
the “Company”) published on 14 December 2020 regarding a contemplated private
placement (the “Private Placement”). The Company is pleased to announce that it
has raised NOK 73.5 million in gross proceeds through the Private Placement of
35,000,000 new shares (the “Offer Shares”), at a price per share of NOK 2.10
(the “Subscription Price”). Fearnley Securities AS acted as Sole Manager and
Bookrunner (the “Manager”) for the Private Placement.

The Private Placement was well oversubscribed and upsized from the initially
contemplated amount of 30 million Offer Shares based on the strong investor
demand. The net proceeds from the Private Placement will be used to strengthen
the Company’s working capital and investment capacity in the green investment
universe and for general corporate purposes.

Notifications of allotment of the Offer Shares including settlement instructions
will be sent to the applicants through a notification from the Manager on or
about 15 December 2020. Settlement for the Private Placement is expected to be
on or about 17 December 2020 (DVP, T+2). The delivery of New Shares will be
settled with existing and unencumbered shares in the Company that are already
listed on the Euronext Expand, pursuant to a share lending agreement between the
Manager and the Company’s largest shareholder, Øystein Stray Spetalen.
Accordingly, the shares delivered to the investors will be tradable upon
delivery.

In order to settle the share loan, the Company’s Board of Directors has resolved
to issue 35,000,000 new shares in the Company pursuant to an authorisation
granted by the Company’s annual general meeting. Consequently, the share capital
of the Company will be increased with NOK 350,000. Following registration of the
Private Placement, the Company will have 409,149,831 shares outstanding, each
with a par value of NOK 0.01.

The Company has resolved to carry out a subsequent offering of up to 4 million
new shares in the Company (the “Subsequent Offering”) to limit the dilutive
effect of the Private Placement. In the Subsequent Offering, the shareholders in
the Company as of 14 December 2020, as registered in the VPS on 16 December
2020, who were not invited to subscribe for Offer Shares in the Private
Placement and who are not resident in a jurisdiction where such offering would
be unlawful, or would require any prospectus filing, registration or similar
action, will receive subscription rights that may be used to subscribe for new
shares in the Subsequent Offering. The subscription rights will not be listed
and subscription without subscription rights will not be allowed in the
Subsequent Offering. Oversubscription will be allowed. The subscription price in
the Subsequent Offering will be the same as in the Private Placement, i.e. NOK
2.10 per share. Launch of the Subsequent Offering will be conditional upon; (i)
the prevailing market price of the Company’s shares, (ii) relevant corporate
resolutions being passed by the Company’s Board of Directors, and (iii) approval
and publication of a prospectus by the Norwegian Financial Supervisory
Authority. Subject to satisfaction of the abovementioned conditions, the
Subsequent Offering will be carried out pursuant to an authorization to increase
the share capital held by the Board of Directors and with a two-week
subscription period. Further information about the Subsequent Offering will be
given by means of separate stock exchange notice.

The waiver of the preferential rights inherent in a private placement is
considered necessary in the interest of time and successful completion of the
Private Placement. Taking into consideration the time, costs and expected terms
of alternative methods of the securing the desired funding and the Subsequent
Offering to be carried out, the Board has concluded that the completion of the
Private Placement on the proposed terms at this time is in the mutual interest
of the Company and its shareholders, and considers that the Private Placement
complies with the equal treatment obligations under the Norwegian Securities
Trading Act and the Oslo Stock Exchange’s Circular no. 2/2014.

Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in
connection with the Private Placement.

For additional information, please contact:

Bjørn Simonsen, CEO, +47 97 17 98 21
Espen Lundaas, CFO, +47 92 43 14 17

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 14, 2020, 10:10pm

Saga Pure ASA: Mandatory Notification of Trade

TekBot · desember 15, 2020, 7:01am

KEY INFORMATION RELATING TO THE SUBSEQUENT OFFERING

Reference is made to the announcement by Saga Pure ASA on 14 December 2020
concerning a private placement with total gross proceeds of NOK 73.5 million and
a contemplated subsequent offering (the “Subsequent Offering”).
…

Vis børsmeldingen

Date on which the terms of the Subsequent Offering was announced: 14 December
2020
Last day including right: 14 December 2020
First day excluding right: 15 December 2020
Record date: 16 December 2020
Board resolution date: Not yet determined
Maximum number of new shares: 4,000,000
Subscription price: NOK 2.10
Shall the rights be listed: No

Launch of the Subsequent Offering will be conditional upon; (i) the prevailing
market price of the Company’s shares, (ii) relevant corporate resolutions being
passed by the Company’s Board of Directors, and (iii) approval and publication
of a prospectus by the Norwegian Financial Supervisory Authority

Further information about the subsequent offering will be given in due course.
This information is published in accordance with the requirements of the
Continuing Obligations.

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

Lofotaksjer · desember 15, 2020, 4:27pm

Er det noen som vet hva som skjer med aksjene våre nå…får vi reperasjonsemisjon eller blir vi skviset…
Ser liksom ikke hvor dette ender…
Flere som lurer på det samme…

TekBot · desember 18, 2020, 1:25pm

Saga Pure ASA: Private placement in Bergen Carbon Solutions approved and option agreement signed

(Oslo, 18 December 2020) Reference is made to the stock exchange release as of
11 December 2020 regarding Saga Pure ASA’s (Saga, OSE: SAGA) subscription of NOK
30 million in a gross NOK 40 million private placement of new shares (the
…
Vis børsmeldingen

“Private Placement”) in Bergen Carbon Solutions AS (BCS), corresponding to an
ownership of 21.4% in BCS.

On 18 December the Extraordinary General Meeting of BCS approved the
oversubscribed Private Placement, whereof Saga has been allocated shares for the
full subscription amount of NOK 30 million, corresponding to an ownership of
21.4%. Payment of the Private Placement is expected to take place on or about
22 December 2020.

In connection with the Private Placement, Saga and BCS has entered into an
Option Agreement which gives Saga the right, but no obligation, to purchase
additional shares up to NOK 30 million at a share price 10 % above the
subscription price in the Private Placement. If the Option Agreement is
exercised in full, Saga’s ownership will increase to 34.2%, assuming no
additional shares are issued. The Option Agreement expires 9 months after the
Private Placement is registered in Norwegian registered foreign business
(Norwegian; Brønnøysundregistrene).

“We are pleased to announce that the investment process in BCS is on track. This
investment is definitely in line with the new strategy of Saga, and a technology
approach to CO2 we really like, and see great potential for. We look forward to
work actively with and support the company going forward,” says Bjørn Simonsen,
CEO of Saga.

Bjørn Simonsen, CEO of Saga, has been elected as a board member in BCS. As a
large shareholder Saga will take active part in further business development,
strategy and financial structure of BCS.

BCS will use the net proceeds from the Private Placement to build a commercial
scale production unit, strengthen the company’s working capital and for general
corporate purposes.
                                  ENDS
For further information, please contact:
Bjørn Simonsen, CEO, +47 97 17 98 21
Espen Lundaas, CFO, +47 92 43 14 17

About Saga Pure ASA
Saga Pure is an investment company focusing on opportunities within renewable
energy, hydrogen, circular economy and CO(2)-reductions.

About Bergen Carbon Solution AS
Bergen Carbon Solutions AS (BCS) is a company that has developed an innovative
electrolysis process that transforms CO(2) into high value carbon nanofibers
(CNF) using significantly less electricity than the conventional production
methods. CNF have a unique combination of strength, weight and exceptional heat
and electricity conductivity. CNF is used in numerous areas and industries such
as aerospace and defense, automotive, sports, electronics, construction, energy
and others.

Kilde

TekBot · desember 21, 2020, 10:43am

Saga Pure ASA: Share Capital Increase Registered

Reference is made to the stock exchange notice from Saga Pure ASA (the
“Company”) dated 14 December 2020 regarding completion of a private placement of
35,000,000 new shares in the Company, raising gross proceeds of NOK 73.5 million
…

Vis børsmeldingen

(the “Private Placement”).

The share capital increase pertaining to the Private Placement has now been
registered with the Norwegian Register of Business Enterprises. The new
registered share capital of the Company is NOK 4,091,498.31 divided by
409,149,831 shares, each with a par value of NOK 0.01.

The new shares issued in the Private Placement will initially be issued on a
separate ISIN, and will only be converted to the ordinary ISIN of the Company’s
shares following approval and publication of a listing prospectus. The new
shares issued in the Private Placement will be delivered to Øystein Stray
Spetalen in order to settle the share lending agreement entered into in
connection with the Private Placement.

For further information, please contact:
CEO Bjørn Simonsen
+47 97 17 98 21
CFO Espen Lundaas
+47 92 43 14 17

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 21, 2020, 3:50pm

SAGA PURE ASA - CONTEMPLATED EQUITY OFFERING OF UP TO 25 MILLION SHARES

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, HONG KONG, THE UNITED STATES OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
…

Vis børsmeldingen

BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO BUY, SELL OR
SUBSCRIBE FOR ANY SECURITIES DESCRIBED HEREIN.

Oslo, 21 December 2020

Saga Pure ASA (“SAGA” or the “Company”) (OSE: “SAGA”) is contemplating an equity
offering through the issue of up to 25 million shares (the “Offer Shares”) at a
price per Offer Share to be determined in a bookbuilding process (the “Equity
Offering”). The net proceeds will increase the Company’s investment capacity in
the green investment universe. Fearnley Securities AS has been retained as Sole
Manager and Bookrunner (the “Manager”) for the Equity Offering.

The Offer Shares will be issued under the Board of Directors’ existing
authorization to increase the share capital.

The Company’ largest shareholder Øystein Stray Spetalen has (through controlled
company Tycoon Industrier AS) pre-committed to subscribe for 3 million Offer
Shares, and will be given full allocation.

The net proceeds from the Equity Offering will be used to strengthen the
Company’s working capital and for general corporate purposes.

The application period opens today, on 21 December 2020, at 16:45 CET and ends
at 08:00 CET on 22 December 2020. The Company may, in its own discretion, extend
or shorten the application period at any time and for any reason. The minimum
application and allocation amount in the Equity Offering has been set at the NOK
equivalent of EUR 100,000. The Company may, at its sole discretion, allocate an
amount below EUR 100,000 to the extent applicable exemptions from relevant
prospectus and registration requirements are available. Allocation of the Offer
Shares will be determined at the end of the application period, and final
allocation will be made by the Board at its sole discretion, with preference for
existing shareholders. Notification of the allocation is expected to be sent by
the Manager on or about 22 December 2020. Settlement of the Equity Offering is
expected on or about 28 December 2020 on the basis of existing and already
listed shares under a borrowing arrangement with Øystein Stray Spetalen.

The Equity Offering will be carried out as a private placement and the Board is
of the opinion that this is in the best interest of the Company and its
shareholders. The Board has taken into consideration, among other things, the
fact that the Equity Offering will give the Company the possibility to raise
capital quickly and at a price per Offer Share expected to be higher than in a
rights issue. The Board will also consider implementing a subsequent repair
issue towards eligible shareholders to limit the dilutive effects of the Equity
Offering.

The Equity Offering is directed towards investors subject to applicable
exemptions from relevant prospectus requirements, (i) outside the United States
to non-US persons in reliance on Regulation S under the US Securities Act of
1933 (the “US Securities Act”) and (ii) in the United States to “qualified
institutional buyers” (“QIBs”) as defined in Rule 144A under the US Securities
Act in transactions that are exempt for registration under the US Securities
Act.

The completion of the Equity Offering by delivery of Offer Shares is subject to;
(i) all necessary corporate resolutions being validly made by the Company,
including without limitation, the Company’s board of directors resolving to
approve the Private Placement and issue the Offer Shares pursuant to its
existing authorization to increase the share capital.

Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in
connection with the Private Placement.

IMPORTANT NOTICE

This announcement is not and does not form a part of any offer to sell, or a
solicitation of an offer to purchase, any securities of the Company.

Copies of this announcement are not being made and may not be distributed or
sent into any jurisdiction in which such distribution would be unlawful or would
require registration or other measures.

The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the “Securities
Act”), and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to “qualified institutional buyers” as defined in Rule 144A under
the Securities Act.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression “Prospectus
Regulation” means Regulation 2017/1129 as amended (together with any applicable
implementing measures in any Member State.

This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as “relevant persons”). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
so.

Neither the Manager nor any of its respective affiliates makes any
representation as to the accuracy or completeness of this announcement and none
of them accepts any responsibility for the contents of this announcement or any
matters referred to herein.

This announcement is for information purposes only and is not to be relied upon
in substitution for the exercise of independent judgment. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the Manager
nor any of its respective affiliates accepts any liability arising from the use
of this announcement.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 21, 2020, 9:23pm

Saga Pure ASA - Private placement successfully completed

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER
JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE
…

Vis børsmeldingen

UNLAWFUL.

Oslo, 21 December 2020.

Reference is made to the stock exchange release from Saga Pure ASA ("SAGA " or
the “Company”) published on 21 December 2020 regarding a contemplated private
placement (the “Private Placement”). The Company is pleased to announce that it
has raised NOK 87 million in gross proceeds through the Private Placement of
30,000,000 new shares (the “Offer Shares”), at a price per share of NOK 2.90
(the “Subscription Price”). Fearnley Securities AS acted as Sole Manager and
Bookrunner (the “Manager”) for the Private Placement.

The Private Placement was well oversubscribed and upsized from the initially
contemplated amount of 25 million Offer Shares based on the strong investor
demand. The net proceeds from the Private Placement will be used to strengthen
the Company’s working capital and investment capacity in the green investment
universe and for general corporate purposes.

Notifications of allotment of the Offer Shares including settlement instructions
will be sent to the applicants through a notification from the Manager on or
about 22 December 2020. Settlement for the Private Placement is expected to be
on or about 28 December 2020 (DVP, T+2). The delivery of New Shares will be
settled with existing and unencumbered shares in the Company that are already
listed on the Euronext Expand, pursuant to a share lending agreement between the
Manager and the Company’s largest shareholder, Øystein Stray Spetalen.
Accordingly, the shares delivered to the investors will be tradable upon
delivery.

In order to settle the share loan, the Company’s Board of Directors has resolved
to issue 30,000,000 new shares in the Company pursuant to an authorization
granted by the Company’s general meeting. Consequently, the share capital of the
Company will be increased with NOK 300,000. Following registration of the
Private Placement, the Company will have 439,149,831 shares outstanding, each
with a par value of NOK 0.01.

The Company has resolved to carry out a subsequent offering of up to 4.9 million
new shares in the Company (the “Subsequent Offering”) to limit the dilutive
effect of the Private Placement. In the Subsequent Offering, the shareholders in
the Company as of 21 December 2020, as registered in the VPS on 23 December
2020, who were not invited to subscribe for Offer Shares in the Private
Placement and who are not resident in a jurisdiction where such offering would
be unlawful, or would require any prospectus filing, registration or similar
action, will receive subscription rights that may be used to subscribe for new
shares in the Subsequent Offering. The subscription rights will not be listed
and subscription without subscription rights will not be allowed in the
Subsequent Offering. Oversubscription will be allowed. The subscription price in
the Subsequent Offering will be the same as in the Private Placement, i.e. NOK
2.90 per share. Launch of the Subsequent Offering will be conditional upon; (i)
the prevailing market price of the Company’s shares, (ii) relevant corporate
resolutions being passed by the Company’s Board of Directors, and (iii) approval
and publication of a prospectus by the Norwegian Financial Supervisory
Authority. Subject to satisfaction of the abovementioned conditions, the
Subsequent Offering will be carried out pursuant to an authorization to increase
the share capital held by the Board of Directors and with a two-week
subscription period. Further information about the Subsequent Offering will be
given by means of a separate stock exchange notice.

The waiver of the preferential rights inherent in a private placement is
considered necessary in the interest of time and successful completion of the
Private Placement. Taking into consideration the time, costs and expected terms
of alternative methods of securing the desired funding and the Subsequent
Offering to be carried out, the Board has concluded that the completion of the
Private Placement on the proposed terms at this time is in the mutual interest
of the Company and its shareholders, and considers that the Private Placement
complies with the equal treatment obligations under the Norwegian Securities
Trading Act and the Oslo Stock Exchange’s Circular no. 2/2014.

Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in
connection with the Private Placement.

For additional information, please contact:

Bjørn Simonsen, CEO, +47 97 17 98 21

Espen Lundaas, CFO, +47 92 43 14 17

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

TekBot · desember 21, 2020, 9:25pm

Saga Pure ASA: Mandatory Notification of Trade

TekBot · desember 28, 2020, 3:17pm

Saga Pure ASA: Invests NOK 35 million in blue ammonia company Horisont Energi

(Oslo, 28 December 2020) Saga Pure ASA (Saga, OSE: SAGA) has committed to
subscribe for NOK 35 million in a private placement of new shares (the “Private
Placement”) in Horisont Energi AS (Horisont Energi). Following the Private
…
Vis børsmeldingen

Placement Saga will own 11.7% of the company.

“Ammonia production is currently the biggest consumer of hydrogen globally, and
has massive associated CO(2)-emissions today. Even in a decarbonized world we
will continue to need ammonia, both for fertilizer applications, but ammonia
also has a significant potential as a zero-emission energy carrier - as long as
it is produced from renewables or from natural gas with cost effective carbon
capture and storage. Horisont Energi has developed an attractive value chain
solution for production of blue ammonia as well as CO(2) handling, and we see
great potential for this company going forward,” says Bjørn Simonsen, CEO of
Saga Pure.

Horisont Energi is a company based in Stavanger, Norway with an experienced team
with background from the oil and gas sector and the energy supplier industry.
The company will combine cutting-edge ammonia production technologies which
enable effective CO(2)-capture along with a transport and storage solution which
enables a significantly lower cost of carbon capture and storage (CCS) than that
of today’s available solutions. The first blue ammonia plant is planned to be
established in Finnmark in the north of Norway in a partnership together with
Equinor, and the company is already in dialogue with several other large
international companies for further blue ammonia and CCS projects.

Horisont Energi will use the net proceeds from the Private Placement to build
the organization and make preparatory work to reach a final investment decision
for the first project in Northern Norway.
                                  ENDS
For further information, please contact:
Bjørn Simonsen, CEO, +47 97 17 98 21
Espen Lundaas, CFO, +47 92 43 14 17

About Saga Pure ASA
Saga Pure is an investment company focusing on opportunities within renewable
energy, hydrogen, circular economy and CO(2)-reductions.

Kilde

lasseht · desember 28, 2020, 5:32pm

hva tror folket om denne framover?