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The latest announcement is out from Otovo AS Class A ( (DE:89K0) ).
Otovo ASA has corrected previously announced forms relating to share subscriptions by persons discharging managerial responsibilities following a private placement of 13,985,000 new shares at NOK 11.50 each. The updated disclosure confirms the allocations to board members and related parties, aiming to ensure regulatory compliance and transparency under EU and Norwegian securities rules.
In the corrected filing, Torjussen Consulting AS, a company closely associated with Chair of the Board Lars Erik Torjussen, has been allocated 41,608 shares in the private placement. Board member George Coyle has been allocated 83,217 shares, clarifying insider participation in the capital raise and providing stakeholders with clearer insight into management’s equity exposure.
More about Otovo AS Class A
Otovo ASA operates in the renewable energy sector, focusing on distributed solar solutions for residential and small commercial customers. The company facilitates financing, installation and ownership of rooftop solar systems, positioning itself within the broader energy transition and green technology market.
Average Trading Volume: 68,086
Current Market Cap: NOK611.1M
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