HAV lists on Euronext Growth Oslo

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Oslo, 4 March 2021 – The cleantech company HAV Group has today been admitted to trading on Euronext Growth (ticker code: HAV).

HAV Group's vision is to contribute to the green shift through solutions and products for the ocean industries. The company is the result of the spin-off of four subsidiaries from Havyard.

Recently, HAV Group raised NOK 210 million through a private placement. The placement included NOK 90 million in new shares and NOK 120 million in sales of existing shares. The placement attracted strong interest from Norwegian and international investors, announced Havyard.

“Our customers have to address global megatrends, with very ambitious goals for minimising their environmental impact and increasingly stringent environmental requirements. HAV Group has the necessary know-how, experience and technology to provide customers with vessels and equipment to achieve these goals, while also increasing profitability, competitiveness and sustainability,” said Gunnar Larsen, CEO of HAV Group.

The shares in the new issue were sold at NOK 18.00 corresponding to a market capitalisation of NOK 630 million.

HAV admitted to trading on Euronext Growth Oslo

About HAV Group

HAV Group ASA is an established provider of solutions and technology to the global marine and maritime industries. The Group's vision is to contribute to the green shift through innovative solutions and high-end products for the ocean industries. HAV Group creates shareholder value by actively engaging in its subsidiaries' strategic development, catalyst collaboration, extracting synergies through economies of scale and pursue value accretive growth, both organic and through consolidation. www.havgroup.no

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