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BRIEF-Scatec completes share sale at bottom of lowered range
October 1, 2014 / 6:43 AM / 3 years ago

BRIEF-Scatec completes share sale at bottom of lowered range

OSLO, Oct 1 (Reuters) - Scatec Solar Asa IPO-SCATEC.OL

* Completion of the initial public offering

* Scatec shares are priced at NOK 19.00 per share implying a market capitalisation after completion of IPO of nok 1,783 million

* Company had previously cut the IPO price interval to NOK 19-21 from originally NOK 28-36

* Trading of shares in scatec solar on oslo stock exchange is expected to commence on thursday 2 october

* Following the Offering, Scatec Solar is expected to have approximately 650 shareholders and a free float of approximately 39% (increasing to approximately 45% upon exercise of the over-allotment option)

* Offering is comprised of 36,315,790 shares, consisting of 26,315,790 new shares and 10,000,000 existing shares. In addition, the Joint Bookrunners of the Offering have over-allotted 5,447,368 shares, representing 15% of the total number of shares issued Further company coverage: (Reporting by Terje Solsvik)

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