Havila Kystruten AS announced a private placement of 688,900,543 shares at an issue price of NOK 1.10 per share for proceeds of NOK 757,790,597 on June 19, 2023. The transaction will include participation from returning investor Havila Holding AS for 423,036,363 shares. The placement was oversubscribed by existing shareholders and new investors.

The transaction was approved by the board of directors of the company. The transaction is subject to shareholder in an extraordinary general meeting expected to be held on June 27, 2023.