In connection with the decision of the Board of the Olso Stock Exchange to accept Powel ASA’s shares for listing, the Board of Powel resolved on September 29, 2005 to raise the share capital of the company by a minimum of NOK 2 million and a maximum of NOK 3 million through the issue of between two and three million shares at a face value of NOK 1.
On September 29, 2005, the Board of Powel resolved to raise the share capital of the company by between NOK 2 million and NOK 3 million through the issue of two to three million shares with a face value of NOK 1. The issue will take the form of a public offering ahead of the company’s planned listing on the Stock Exchange. The issue price will be set on the basis of a bookbuilding porcess, within a indicative price range of NOK 18 - 21 per share.
The issue will be open for subscription from October 4 to October 14, inclusive.
More detailed information will be made available in the prospectus for the share issue, which can be obtained from the issue sponsor, DnB NOR Markets, from October 3 onwards.
Facts about Powel:
Powel ASA is an IT company dedicated to the development and supply of critical decision-support systems to the energy sector. Powel also supplies control and monitoring systems to the energy sector and public-sector infrastructure (water supply and waste water) for secure power and water supplies.
Powel’s headquarters are in Trondheim and the company has subsidiaries in Sweden, the USA and Canada.
CEO Jon Einar Værnes
Powel ASA
Tel: +47 73 80 45 00
Mobile: +47 481 64 555