Home » Business » Leprosy-dominated Saga Tankers raised 70 million after a sharp price increase on Tuesday

Leprosy-dominated Saga Tankers raised 70 million after a sharp price increase on Tuesday

The issue comes after the Saga Tankers share rose just over 67 percent on Tuesday, at a closing price of NOK 1.42. The company is priced at NOK 377.9 million on the Oslo Stock Exchange Oslo Axess.

The report states that Spetalen, which is the largest owner in Saga Tankers through Tycoon Industrier, has committed to subscribe for shares for around NOK 15 million. He will be allotted these shares, the company writes in a statement on Tuesday night.

The company confirmed on Tuesday night that it has completed a share issue of NOK 70 million. The issue was “substantially” oversubscribed, according to the report.

Spetalen subscribed in advance for 15 million shares in the issue. A stock exchange announcement on Tuesday night states that Spetalen bought just over 11.5 million shares in the company in the issue.

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