Tekna Holding raises $30 million through fully underwritten rights issue
Tekna Holding ASA, headquartered in Sherbrooke, Quebec, Canada, has completed the final subscription and allocation of shares in its previously announced rights issue. The company issued 100 million new shares, each priced at NOK 3.00 (approx US$0.30), raising gross proceeds of $30 million (NOK 300 million). The rights issue was fully underwritten, ensuring the company received the full amount of planned capital.
This transaction is reported to strengthen Tekna’s financial position and provide additional resources to support ongoing industrial expansion, technology development, and broader strategic growth initiatives. The company has now confirmed the final allocation of shares to board members, executives, and companies closely associated with them – known as ‘Primary Insiders’ under market regulations.
Allocations to Primary Insiders included:
- Tibidabo Invest AS, associated with Board Chair Dag Teigland, subscribed to 666,666 shares, corresponding to $199,999 (NOK 1,999,998).
- Tibidabo Industrier AS, also linked to Teigland, received 48,639 shares, valued at $14,592 (NOK 145,917).
- Lars Magnus Eldrup Fagernes, Board Member, subscribed to 50,000 shares for $15,000 (NOK 150,000).
- Lomo Plata AS, associated with Board Observer Torkil Sigurd Mogstad, acquired 40,892 shares, worth $12,268 (NOK 122,676).
- Damgløtt AS, linked to Board Member Ann-Kari Amundsen Heier, received 33,333 shares, totaling $9,999 (NOK 99,999).
- Claude Jean, CEO, subscribed to 120,000 shares for $36,000 (NOK 360,000).
- ESC Holding AS, associated with CFO Espen Schie, received 24,454 shares, valued at $7,336 (NOK 73,362).
- Arina van Oost, VP Corporate Strategic Development, subscribed to 7,616 shares, worth $2,284 (NOK 22,848).
- Remy Pontone, EVP Materials, received 100,000 shares, equal to $30,000 (NOK 300,000).
- Arendals Fossekompani ASA, also associated with Board Member Heier, made the largest insider investment with 76,107,287 shares, representing $22,832,186 (NOK 228,321,861).
These significant insider participations are said to signal strong confidence in Tekna’s future prospects and continued commitment from its leadership team.
