BEWi cancels share offering as market price dips below subscription

BEWi ASA has announced the cancellation of its subsequent offering, which aimed to issue up to 3,000,000 new shares at a subscription price of NOK 20 per share. This offering was intended to follow a successful private placement on August 20, 2025, that raised gross proceeds of NOK 896 million at the same price.

The board's decision was based on market activity since the private placement announcement. Over 8.6 million shares have traded on Euronext Oslo Børs at or below the subscription price. The volume-weighted average price per share during this period was NOK 18.7, with the latest closing price at NOK 17.6, both below the offering price.

BEWi concluded that existing shareholders had sufficient opportunity to acquire shares in the open market, negating the need for the subsequent offering.