Oslo ,16 March 2023 . Scatec Innovation AS ("Scatec Innovation"), a company closely associated with the chairman of the board and primary insider inScatec ASA ("Scatec " or the "Company"),John Andersen , Jr., has today sold 5,350,000 shares inScatec , representing 3.37% of the share capital in the Company, at a price ofNOK 61.00 per share (the "Transaction"). After the Transaction, Scatec Innovation holds 14,132,339 shares in the Company, representing 8.89% of the Company. Scatec Innovation has entered into a 180 day lock-up with the Manager (as defined below) for its remaining shares in the Company after the Transaction. "Scatec Innovation is an incubator and investment company focusing on innovation and industrialisation within the fields of renewable energy and advanced materials. While we are a long term investor, we will from time to time monetise our interests in more mature holdings to expand our capacity to invest in and support our earlier stage portfolio companies.Scatec , which we founded in 2007, is, and will remain, a core holding in Scatec Innovation's portfolio", saidJohn Andersen , Jr., CEO of Scatec Innovation.ABG Sundal Collier ASA (the "Manager") acted as sole financial adviser toScatec Innovation and as bookrunner in the connection with the Transaction. This information is subject to the disclosure requirements pursuant to section 5-12 and 4-2 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source