Havila Kystruten AS announced a private placement of 758,703,962 shares at an issue price of NOK 1.00 per share for proceeds of NOK 758,703,962 on July 18, 2023. The transaction will include participation from returning investor Havila Holding AS for 465,820,000 shares. Havila Holding AS will hold 510,928,333 shares which represents 61% of the company.

The placement was oversubscribed by existing shareholders and new investors. The transaction was approved by the board of directors of the company. The transaction is subject to shareholder in an extraordinary general meeting expected to be held on July 20, 2023.