Fjord Defence Group plans repair offering after private placement

Fjord Defence Group ASA completed a private placement of 13,333,333 new shares at NOK 12 per share, raising approximately NOK 160 million. The placement is subject to shareholder approval at an extraordinary general meeting expected around December 18, 2025.

Following this, the company plans a subsequent repair offering for up to 2,083,333 new shares at NOK 12 each. This offering targets existing shareholders as of November 26, 2025, who were not included in the private placement and meet other eligibility criteria. The subscription period is expected to begin in the first quarter of 2026, contingent on various conditions, including market performance of the shares.

Key dates for the subsequent offering include an ex-date of November 27, 2025, and a record date of November 28, 2025. The board may opt not to proceed if the company's shares trade at or below the subscription price with sufficient volumes.