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BRIEF-Insr Insurance Group: contemplated private placement
August 29, 2017 / 3:05 PM / a month ago

BRIEF-Insr Insurance Group: contemplated private placement

Aug 29 (Reuters) - VARDIA INSURANCE GROUP ASA:

* INSR - CONTEMPLATED PRIVATE PLACEMENT

* HAS RETAINED ABG SUNDAL COLLIER ASA TO ADVICE ON AND EFFECT A PRIVATE PLACEMENT OF NEW SHARES TO RAISE GROSS PROCEEDS IN REGION OF NOK 400 MILLION

* ISSUANCE OF NEW SHARES VIA PRIVATE PLACEMENT AT A SUBSCRIPTION PRICE OF NOK 7.00

* NET PROCEEDS FROM PRIVATE PLACEMENT WILL PRIMARILY BE USED TO FINANCE CASH ELEMENT OF PURCHASE PRICE Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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