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Archer Limited Completes Successful Share Offering

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Archer Limited Completes Successful Share Offering

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Archer ( (ARHVF) ) has shared an update.

Archer Limited has announced a successful private placement of 8,848,000 new common shares, along with a secondary sale of 21,583,826 existing shares by Paratus Energy Services Limited’s subsidiary. This transaction has resulted in significant changes in shareholding among key stakeholders, with Hemen Holding Limited temporarily reducing its stake before increasing it to 30.64% post-transaction, while Paratus has divested its entire holding, and Lodbrok Capital LLP has increased its stake to 6.8%.

More about Archer

Average Trading Volume: 109,515

Current Market Cap: NOK2.17B

For an in-depth examination of ARHVF stock, go to TipRanks’ Overview page.

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