NEL - Private placement successfully completed
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES Oslo, 2 June 2015 Reference is made to the stock exchange release from NEL ASA (“NEL” or the “Company”) published yesterday regarding the contemplated private placement. The Company announces today that it has raised NOK 69,257,500 in gross proceeds through a private placement of 51,301,852 new shares (the “New Shares”), each with a par value of NOK 0.20 and a price of NOK 1.35 per share (the “Private Placement”). The Private Placement, which