OXE Marine AB (publ) rev up ambitions and raises SEK 70 m in a directed share issue.
The board of directors of OXE Marine AB (publ) (“OXE Marine” or the “Company”) has today resolved to raise SEK 70 m by way of a directed issue of 49,122,807 shares to a group of existing and new investors. The funds are raised to build up working capital to accelerate growth and to support strategic initiatives and the cost for the directed issue is SEK 13,000 excluding legal costs. The Company has collected irrevocable subscription undertakings for the full SEK 70 m and the outcome of the share issue will be announced shortly. The shares are issued at a subscription price of SEK 1.425