TOMRA raises NOK 1,04 billion through private placement
TOMRA has made a private placement against 60 institutional investors, primarily in Norway and UK, of a total of 4 million shares at par value NOK 2 at a price of NOK 260 per share. This represents 4.8% of the companys share capital. The total amount of 1.04 billion NOK will be used for funding future acquisitions and positioning TOMRA within the value chain in several European markets. The private placement was organized by Alfred Berg.
<br>Asker, September 1, 2000 <br>TOMRA SYSTEMS ASA <br> <br>Erik Thorsen <br>President & CEO <br> <br>