Reference is made to the stock exchange announcement made by Archer Limited (the
"Company") on 24 September 2025 regarding the successful private placement of
8,848,000 new shares in the Company (the "Private Placement"), and a potential
subsequent repair offering of up to 2,212,000 new shares at the same
subscription price as in the Private Placement (the "Subsequent Offering"). The
Subsequent Offering will, subject to applicable securities law, be directed
towards existing shareholders in the Company as of 24 September 2025 (as
registered in the VPS two trading days thereafter), who (i) were not included in
the pre-sounding phase of the Private Placement, (ii) were not allocated offer
shares in the Private Placement, and (iii) are not resident in a jurisdiction
where such offering would be unlawful or would (in jurisdictions other than
Norway) require any prospectus, filing, registration or similar action.
The following key information is provided with respect to the Subsequent
Offering:
Date on which the terms and conditions of the Subsequent Offering were
announced: 24 September 2025
Last day including right: 24 September 2025
Ex-date: 25 September 2025
Record date: 26 September 2025
Date of approval: 24 September 2025 (date of board meeting)
Maximum number of new shares: 2,212,000
Subscription price: NOK 22.50 per share
Shall the rights be listed: No
Other information:
The Subsequent Offering is, inter alia, subject to (i) completion of the Private
Placement, (ii) relevant corporate resolutions, including approval by the
Company's board of directors, (iii) prevailing market price of the Company's
shares, and (iv) the publication of a prospectus. The subscription period for
the Subsequent Offering is expected to commence following fulfilment of the
aforementioned conditions. The Company may decide that the Subsequent Offering
will not be carried out in the event that the Company's shares trade below the
subscription price in the Private Placement at adequate volumes. The Company
reserves the rights in its sole discretion to not conduct or to cancel the
Subsequent Offering.
This information is published in accordance with the requirements of the
Continuing Obligations for Euronext Oslo Børs.