Company") has retained Arctic Securities AS and Pareto Securities AS (together, the " Managers") as Joint Lead Managers and Bookrunners, to advise on and effect a private placement of up to 20 million new shares (the " Offer Shares") (the " Private Placement"). The net proceeds from the Private Placement will be used to fund the cash element of two new Japanese bareboat leases recently announced and for general corporate purposes. Certain existing shareholders and new investors have collectively pre-committed to subscribe: Peter Frølich, Chairman: 25,000 Offer Shares, Frode Teigen, Board mem...