Insr - Additional share capital approved
Reference is made to the stock exchange release published by Insr Insurance Group ASA on October 10th, 2019, where Insr announced that it had raised NOK 103.7 million in gross proceeds in a private placement through the conditional allocation of 13 468 750 shares.
Completion of the transaction was conditional upon approval by the Norwegian Financial Supervisory Authority (the "NFSA"). The Transaction was approved by the NFSA today, October 22nd,2019.
The share capital increase is expected to be registered in the Norwegian Register of Business Enterprises on or about October 25th, 2019, and the new shares are expected to be delivered to the investors against payment of the subscription price on or about October 29th.
For further information, please contact:
Anne B. Knudtzon,
SVP Business Controlling & Investor Relations
Phone: +47 92 61 06 06
Partnership insurance made easy. Insr enables you to broaden your customer or member offering through white label and co-branding insurance solutions. We provide insurance risk capital and insurance expertise, whilst you maintain your customer or member relationship. Insr is regulated by the Norwegian FSA (Finanstilsynet) and has a license for all groups of non-life insurance, except for credit and guarantee insurance.
Insr Insurance Group ASA was established in 2009 and is an independent insurance group listed on the Oslo Stock Exchange, with headquarters in Oslo. The Company's main focus is on the market for property and casualty insurance for the retail and small enterprise segments in Norway. Insr distributes its products mainly through partners and insurance agents.