Business
Energeia AS - Final result in the Rights Issue
Energeia AS - Final result in the Rights Issue
About this update from Energeia As
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY ORINDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIALADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR THE UNITED STATESORANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULDBE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THESECURITIES DESCRIBED HEREIN.Oslo, 25 September 2025:Reference is made to the stock exchange announcement published by Energeia AS(the "Company") earlier today regarding the last day of the subscriptionperiodin the fully underwritten rights issue (the "Rights Issue") of 1,033,333,333newshares in the Company ("Offer Shares"), each at a subscription price of NOK0.03per share, raising gross proceeds of 31 million.The subscription period for the Rights Issue expired today, 25 September 2025,at 16:30 CEST.The Company is happy to announce that by the end of the subscription period,theCompany had received valid subscriptions for 1,285,667,095 Offer Shares in theRights Issue and the Rights Issue was oversubscribed by 24 %. Consequently,theCompany will issue 1,033,333,333 Offer Shares and raise NOK 31 million ingrossproceeds through the Rights Issue.The board of directors of the Company has today resolved to allocate1,033,333,333 Offer Shares in accordance with the allocation principles setoutin the extraordinary general meeting's resolution and as included in theprospectus pertaining to the Rights Issue dated 8 September 2025 (the"Prospectus").The Board would like to emphasize that the oversubscribed Right Issue showsgreat support from both existing shareholders and new investors and willprovidethe Company with the required financial flexibility to pursue development ofitsproject portfolio going forward.The following primary insiders of the Company and their close associatessubscribed for and were allocated shares as follows:Obligo Nordic Climate Impact Fund AB subscribed for and was allocated166,666,666 shares. Eidsiva Vekst AS subscribed for and was allocated 100,000,000 shares.Robert Veenstra, CEO of Energeia Netherlands, subscribed for and was allocated1,350,052 shares through his fully owned company Trimtabber BV.Notifications of allocated Offer Shares in the Rights Issue and thecorresponding subscription amount to be paid by each subscriber are expectedtobe distributed 26 September. The d...