Insr Insurance Group ASA –Issuance of the consideration shares to Alpha
The issuance of 12,857,142 consideration shares to Alpha Insurance A/S ("Alpha") referred to in previous stock exchange releases (latest on 30 November 2017) has now been completed, and the company's share capital has been increased with NOK 10,285,713.60 through the issuance of 12,857,142 new shares, with a nominal value of NOK 0.80 each, at a subscription price of NOK 7.00 per share.
Following the share capital increase the Company has a share capital of NOK 106,937,316 divided on 130,671,645 shares, each with a par value of NOK 0.80.
Alpha has agreed to a lock-up period of 6 months for the consideration shares, meaning that Alpha cannot divest the consideration shares before 31 May 2018.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Anne B. Knudtzon
SVP Business Controlling & Investor Relations
Phone: +47 926 10 606
E-mail: Anne B. Knudtzon
Insr Insurance Group ASA was established in 2009 and is an independent insurance group listed on the Oslo Stock Exchange, with headquarters in Oslo. Insr has a license for all groups of non-life insurance, except for credit and guarantee insurance. The Company's main focus is on the market for property and casualty insurance for the retail and small & medium sized enterprise segments in Norway and Denmark. Insr distributes its products mainly through insurance agents and partners.