DOF Subsea has successfully raised NOK 900m in the Nordic bond market. The transaction was well received in the market and achieved significant investor attention.
Arctic Securities is acting as financial advisor in relation to the rights issue in TC TECH Sweden AB (publ). TC TECH Sweden AB (publ) is referred to as “TC TECH” or “the Company”. Shareholders have pre-emptive rights to subscribe for shares. Six (6) existing shares held on the record date of November 23 2018, entitles to one (1) new share. Subscription price of SEK 14 SEK per share. An overallotment issue of SEK 10m is conditioned on a fully subscribed rights issue. The subscription period runs 28 November – 12 December 2018. The rights issue is fully secured through subscription- and guarantee undertakings. A Swedish prospectus and subscription note will be available before the subscription period on TC TECH’s website, www.tctech.se and Arctic Securities website.
Improving the margins in good economic times is a demanding exercise - regardless of sector.
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Arctic Securities acted as Joint global Coordinator and Joint Bookrunner in relation to the Private Placement of 73,923,304 new shares in Magseis ASA. Through the Private Placement, Magseis raised gross proceeds of approximately USD 150 million (NOK 1,253 million), which will be used to fund the acquisition of Fairfield Geotechnologies' Seismic Technologies business together with 100% of the shares of Fairfield International Limited, being the parent company for the WGP group in the UK. We thank Magseis for the vote of confidence and congratulate on the successful transaction.
