Shortly after opening, the main index falls by about 0.4 per cent, but fluctuates widely. If the fall continues, this will be the second day in a row with a fall on the Oslo Stock Exchange, after two days of both ups and downs.
In advance, analyst Roger Berntsen in Nordnet expected that the main index would fall 0.5 percent.
The decline in Oslo can be seen as an extension of a broad fall in shares on Wall Street on Thursday. The stock market day started with a rise for the leading indices S&P 500, Dow Jones and Nasdaq Composite, but all three indices reversed during the day, falling 1.76 per cent, 1.45 per cent and 1.99 per cent respectively.
Quantafuel falls
The renewable company Quantafuel has had an adventurous growth since the company was listed on the stock exchange in February. Since the beginning of the month alone, the share price has risen close to 80 percent.
–
On Friday morning, it became clear that the company has raised 600 million in a private placement, and after a minute of trading, the share has fallen about three percent.
On Thursday, the share price ended at NOK 73, while the subscription price in the issue was set at NOK 70 per share.
A number of existing shareholders have sold 2.5 million shares for NOK 175 million:(Terms)Copyright Dagens Næringsliv AS and / or our suppliers. We would like you to share our cases using a link, which leads directly to our pages. Copying or other form of use of all or part of the content, can only take place with written permission or as permitted by law. For additional terms look here.
- TD Veen, which is owned by Skagen founder Tor Dagfinn Veen and his family, has sold one million shares, ie shares for NOK 70 million.
- CEO Kjetil Bøhn has sold 900,000 shares through his company KB Management.
- Chairman of the Board Oscar Spieler has through his company SOS Ship sold 300,000 shares.
- Thomas Steenbuch Tharaldsen, CSO in the company, has through his company Math as sold 300,000 shares.
- The shareholders who have sold shares have entered into a lock-up agreement for six months, which means that they cannot sell the remaining shares during that period.
–
