Borregaard will co-invest with existing shareholders, Must Invest and Hatteland
Group, in a direct offering of new shares in Alginor, amounting to NOK 100
million. Additionally, the same three shareholders will underwrite a subsequent
rights issue for NOK 50 million, with subscription rights extended to all other
shareholders. In total, Alginor will raise NOK 150 million in new equity.
Depending on the outcome of the subsequent rights issue, Borregaard's equity
contribution will range from NOK 55 to 83 million, corresponding to an ownership
share of between 36% and 43% in Alginor.
Including this equity raise, Borregaard's total investments in Alginor will
increase to between NOK 474 and 502 million.
For more information about Alginor and the capital raise, please
see?https://alginor.no/.
Contact:?
Director Investor Relations, Knut-Harald Bakke, +47 905 79 164
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.