House of Control Group AS has recently announced the successful private placement of 30,950,000 shares at a price per share of NOK 21, corresponding to a total transaction size of NOK 650 million. The private placement consisted of a sale of new shares for total proceeds of approximately NOK 350 million and a sale of existing shares from certain existing shareholders for total proceeds of approximately NOK 300 million.
The private placement attracted very strong interest from Norwegian, Nordic and international high-quality institutional investors and was multiple times oversubscribed. In connection with the private placement, House of Control has also applied for a listing of its shares on Merkur Market, with expected first day of trading on or about 20 October 2020.
House of Control develops and sells software as a service solution. The main product is Complete Control, which is used for managing contracts and assets, including the contracts’ financial implications for budgeting and reporting.
CLP congratulates House of Control on the successful transaction!