BEWI ASA Announces Potential Equity Issue with DNB Carnegie and Nordea Bank Abp as Joint Bookrunners

BEWI ASA, a Norwegian company, has made a stock exchange announcement regarding a potential equity issue, with DNB Carnegie and Nordea Bank Abp as joint bookrunners. The company aims to raise approximately NOK 75 million through the issue of new shares, with the proceeds to be used to strengthen its balance sheet and for general corporate purposes.

Key Takeaways:

• The company plans to raise around NOK 75 million through the issue of new shares, with the proceeds used to strengthen its balance sheet and for general corporate purposes.
• The price per share will be determined by a bookbuilding process, and the number of shares to be issued will be finalised by the company's board of directors in consultation with the joint bookrunners.
• Pre-committed investors, including BEWI Invest, HAAS AS, and Kverva Industrier AS, will be allocated Offer Shares in the Private Placement at the Offer Price.
• The bookbuilding period will commence on 20 August 2025 at 16:30 CEST and end on 21 August 2025 at 08:00 CEST, with the possibility of extension or shortening at the discretion of the company and the joint bookrunners.
• The Private Placement will be directed towards Norwegian and international investors, subject to applicable exemptions and selling restrictions.
• The company may allocate Offer Shares for amounts below the minimum application and allocation amount of NOK equivalent of EUR 100,000 to the extent exemptions from the prospectus requirement are available.
• Allocation of Offer Shares will be made at the sole discretion of the company's board of directors after input from the joint bookrunners, based on criteria such as pre-commitments, perceived investor quality, existing ownership in the company, price leadership, and others.
• Settlement of the Issue will be made on a delivery versus payment (DVP) basis through a share lending agreement, with delivery of Tranche 1 Offer Shares on or about 25 August 2025 and Tranche 2 Offer Shares on or about 15 September 2025.
• Completion of the Private Placement is subject to, among other things, the necessary corporate resolutions being validly made by the company, including the board resolving to allocate the Offer Shares and issue the Offer Shares in Tranche 1.

Statistics:

• The company aims to raise around NOK 75 million through the issue of new shares.
• The bookbuilding period will commence on 20 August 2025 at 16:30 CEST and end on 21 August 2025 at 08:00 CEST.
• The Private Placement will be directed towards Norwegian and international investors, subject to applicable exemptions and selling restrictions.
• The minimum application and allocation amount has been set to the NOK equivalent of EUR 100,000.
• The number of Offer Shares to be issued will be finalised by the company's board of directors in consultation with the joint bookrunners.

Sources:

• BEWI ASA's stock exchange announcement (07:00 CEST) dated 20 August 2025.