Today starts the trade of XXL shares on Oslo Børs.
XXL will in connection with the initial public offering issuing 20,595,620 new shares at an introductory price 58 dollars. Total number of shares is thereafter 138,512,123.
The proceeds of 1,194 million will be used to repay the principal amount of the shareholder loan to the XIN Holding Guernsey Limited (controlled by EQT V Limited).
selling shareholders after the issue of new shares are selling 25,056,554 shares, representing around 18.1 percent of the shares in XXL.
Tidemandsen shares 2 billion.
EQT V will sell 18,868,815 shares, and thus retains a stake of 33.0 percent (assuming the Over-allotment management is not exercised).
Øyvind Tidemandsen Dolphin Management AS will sell 4,847,924 shares and are thus left with a stake of 24.7 percent.
He sells thus shares for just over 281 million, while the shares will be priced at just under 2 billion.
Other owners will sell 1,339,815 shares.
Introduction price of 58 million implies a price of around £ 8.0 billion.
Follow Hegnar.no on Facebook here!
No comments:
Post a Comment