Saga Tankers Asa: Private Placement of Nok 18 Million Completed – Conditional Grant of Share Options – Primary Insider Disclosure
Reference is made to the stock exchange notice from Saga Tankers ASA (the "Company") earlier today, 19 October 2020, regarding a change of strategy for the Company and appointment of a new CEO. The Company's Board of Directors has now resolved to complete a private placement (the "Private Placement") of 20,000,000 new shares in the Company (the "New Shares"). The New Shares have been issued at a price per New Share of NOK 0.90, and with each New Share holding a par value of NOK 0.01. The Private Placement was directed towards the Company's new CEO, Bjørn Simonsen, who will subscribe