Desert Control proposes rights issue with preferential subscription rights for existing shareholders

  • Desert Control flagged a proposed rights issue with preferential subscription rights for existing shareholders, pending an extraordinary general meeting around July 16.
  • Terms set for eligibility: last day including rights July 16; ex-date July 17; record date July 20.
  • Subscription ratio set at 1:1; subscription price, maximum new shares, and rights ratio to be set just before the meeting.
  • Pricing to be based on TERP from the three-day VWAP before the meeting, less a discount of at least 32.5%.
  • Arctic Securities appointed manager; application planned to list the preferential rights on Euronext Growth Oslo.


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