(Image: Ole Jørgen Bratland / Equinor ASA)

SOURCE NordicUnmanned NOVEMBER 26th, 2020 – Sandnes, Norway – Nordic Unmanned AS, a leading European provider of drone systems and services, is contemplating a private placement and listing on Euronext Growth Oslo (currently Merkur Market) in order to finance expected strong growth and international expansion.

“While the largest market for high-end drones has so far been for defence purposes, other private and public sector customers are now seeing the substantial advantages of unmanned technology: increased safety and data value combined with both reduced costs and carbon footprint. We are perfectly positioned to capitalize on this growing market, and the planned placement and listing will enable us to fully realize this potential,” said Knut Roar Wiig, CEO of Nordic Unmanned.

Contemplated private placement

Nordic Unmanned has engaged SpareBank 1 Markets and SpareBank 1 SR-Bank Markets to advise on the contemplated private placement.

The company intends to raise total proceeds of NOK 50 – 100 million. The purpose is to acquire more high-end drone systems, as well as further developing our proprietary product portfolio and general company purposes.

The company intends to apply for a listing of its shares on Euronext Growth Oslo. The first day of trading is expected to be on or about the 15th of December 2020.