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Insr Insurance Group ASA – Contemplated private placement

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The Board of Directors of Insr announces its intention to issue up to 13 468 750 new shares in a private placement, corresponding to around 10% of the outstanding share capital, pursuant to an authorization granted by the Annual General Meeting held May 22nd, 2019. 

The additional equity capital will enable Insr to strengthen its competitive position and accelerate its profitable growth trajectory through a reduced reinsurance quota. 

The internal solvency target has been increased to staying above 150%, from the previous target of above 130%. Based on gross proceeds of NOK 109 million,

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Source: Insr Insurance Group ASA – Contemplated private placement

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