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Otovo AS Class A ( (DE:89K0) ) has shared an update.
Otovo ASA announced the completion of the share redelivery process related to a previously arranged share lending from Jackson Leigh Ventures, LLC, a company closely associated with CEO William John Berger. The share lending was used to enable delivery versus payment settlement for the first tranche of a private placement of 13,985,000 new shares at NOK 11.50.
All 11,070,520 new shares in tranche 1 were subscribed by Arctic Securities AS as manager and then fully redelivered to Jackson Leigh Ventures, LLC, settling the share loan in full. Following this transaction, Jackson Leigh Ventures now holds 12,313,023 shares, representing 19.18% of Otovo’s total shares and voting rights, clarifying the updated ownership structure for investors and the market under Norwegian securities regulations.
More about Otovo AS Class A
Otovo ASA is a Norway-based company operating in the solar energy sector, focusing on residential rooftop solar installations. The company facilitates financing and deployment of solar systems, positioning itself within the broader renewable energy and clean-tech market.
YTD Price Performance: 8.17%
Average Trading Volume: 260,527
Current Market Cap: NOK603.6M
See more data about 89K0 stock on TipRanks’ Stock Analysis page.