News > Press releases > 15 March 2007
WAVE announces private placement of up to 50 million shares
Not for distribution to U.S. news wire services or for dissemination in the United States.
Wavefield Inseis AS, 15 March 2007
Wavefield Inseis AS ("Wavefield Inseis" or the "Company") confirms its intention to proceed with the
listing on Oslo Børs. In connection with the listing, the company intends to complete a private
placement of NOK 500 million, representing up to 13.5 million new shares and existing shareholders
intends to sell up to 37.6 million secondary shares (the "Offering"). The indicative price range in the
Offering is NOK 37 - NOK 44 per ordinary share, which imply a market capitalisation for the Company
of approximately NOK 4.5 billion - NOK 5.4 billion prior to the Offering, and NOK 5.0 billion - NOK 5.9
billion after the Offering. Completion of the offering is subject to the board's decision to issue the new
shares following the end of the application period.
>>more
Investor Presentation (4.8M pdf)
Information Memorandum (1.0M pdf)