Fjord Defence Group plans repair offering after private placement

Fjord Defence Group ASA has announced a potential subsequent repair offering following a successful private placement. This placement involved 13,333,333 new shares at NOK 12 per share, raising approximately NOK 160 million. The private placement's completion is contingent on an extraordinary general meeting (EGM) approval, expected around December 18, 2025.

The subsequent offering, if approved, will allow eligible existing shareholders as of November 26, 2025 (Record Date: December 28, 2025) to subscribe for up to 2,083,333 new shares at NOK 12. This offering targets shareholders not included in the private placement and not residing in restricted jurisdictions. The subscription period is anticipated to commence in the first quarter of 2026.

The board may opt against the subsequent offering if the company's shares trade at or below the NOK 12 subscription price with sufficient volume post-private placement. This offering is subject to several conditions, including EGM approval for the board's share issuance authorization and prospectus publication.