Capital Markets
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Capital Markets, Fisheries and Aquaculture
2020
Wikborg Rein assisted on The Kingfish Company's Merkur Market listing
Wikborg Rein has assisted The Kingfish Company N.V. (KING-ME) and the joint bookrunners DNB Markets (as sole global coordinator), Arctic Securities, Swedbank Norge and Coöperatieve Rabobank in connection with a private placement and the listing of The Kingfish Company's shares on Merkur Market.
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2020
Changes to the continuing obligations for listed companies
In conjunction with the Oslo Stock Exchange migrating its trading platform to Optic, new continuing obligations are introduced for issuers on the marketplaces of the Oslo Stock Exchange. The background for the changes is to harmonize and adapt the rules to those that apply to other marketplaces in the Euronext Group.
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2020
Changes to the Oslo Børs' issuer rules
In conjunction with Oslo Børs migrating its trading platform to Optic, new rules are introduced for issuers on the Oslo Børs marketplaces. The background for the changes is to harmonize and adapt the rules to those that apply to other marketplaces in the Euronext Group.
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2020
Proposed new rules for public takeover offers
On 23 January 2019, the Securities Law Committee, chaired by Wikborg Rein partner Filip Truyen, proposed new rules for voluntary and mandatory takeover offers. The proposal entails a tightening of the rules for the implementation of voluntary offers. For both voluntary and mandatory offers, it has been proposed to grant extended discretionary powers to the takeover authority (Oslo Stock Exchange). It will be possible to withdraw acceptances if there are competing offers. It will be required with better information to the market in situations where companies are subject to speculations regarding possible offers, and a shorter time period from the announcement of voluntary offers until the offer is launched. The thresholds for mandatory offers are proposed continued.
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2020
Wikborg Rein assisted on Quantafuel fund raising
Wikborg Rein has assisted Quantafuel ASA (QFUEL-ME) in connection with a private placement of new shares with gross proceeds to the company of NOK 602 million.
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2020
Structuring bond buy-backs in declining markets
Fear of the Corona virus and a plummeting oil price has sent stock markets down and the credit spreads are widening significantly. With investors in sell-off mode issuers can buy back bonds at more attractive spreads, but buy-backs of listed bonds should take into account securities trading regulations and be structured properly.
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2020
Green wave in the capital market
Risk and opportunities relating to Environmental, Social and Governance matters ("ESG") have become more and more important for the capital market, with a particular focus on human-caused climate changes. Companies with ESG high on their agenda and preferably with a climate friendly business, attract investors and capital.
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2019
The Oslo Stock Exchange's requirements for detailed announcement and information memorandum will no longer apply
The Oslo Stock Exchange has today published new versions of the Continuing Obligations for stock exchange listed companies (Oslo Børs and Oslo Axess) and for Merkur Market.
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Shipping Offshore, Capital Markets
2019
Teekay shuttle tankers issues the first Nordic maritime green bond
In early October 2019 Teekay Shuttle Tankers LLC (“Teekay”) successfully placed its USD 125 million inaugural green bond, the first green bond to be issued in the Nordic markets by the maritime industries.