Investor Information

Printer-friendly version

IR Contact

Rolf Roverud
Group CEO
Tel.:+47 51 86 94 00
Mob.:+47 911 67 581
E-mail:rolf.roverud@scana.no

The Scana stock

Snapshot

Last Time +/- %
1.84 05:30:00 PM -0.01 -0.54

History

Reports
  Report Presentation Webcast
Q3 pdf
(0.23MB) 		pdf(nb)
(1.99MB) 		video(nb)
(stream)
Q2 pdf
(0.23MB) 		pdf
(4.76MB) 		video(nb)
(stream)
Q1 pdf
(0.23MB) 		pdf(nb)
(2.56MB) 		video(nb)
(stream)
  Report Presentation Webcast
Annual pdf
(8.74MB)
Annual accounts pdf
(2.21MB)
Q4 pdf
(0.14MB) 		pdf(nb)
(5.28MB) 		video(nb)
(stream)
Q3 pdf
(2.78MB) 		pdf(nb)
(3.89MB) 		video(nb)
(stream)
Q2 pdf
(0.43MB)
Q1 pdf
(4.13MB) 		pdf
(1.01MB) 		video(nb)
(stream)
  Report Presentation Webcast
Annual pdf
(6.72MB)
Q4 pdf
(0.17MB) 		pdf
(3.80MB) 		video(nb)
(stream)
Q3 pdf
(3.29MB) 		pdf(nb)
(9.96MB) 		video(nb)
(stream)
Q2 pdf
(3.18MB) 		video(nb)
(stream)
Q1 pdf
(2.89MB) 		pdf
(6.26MB) 		video(nb)
(stream)
  Report Presentation Webcast
Annual pdf
(4.69MB)
Q4 pdf
(1.70MB) 		pdf
(2.17MB)
Q3 pdf
(1.17MB)
Q2 pdf
(1.04MB) 		pdf(nb)
(1.58MB)
Q1 pdf
(1.60MB) 		pdf(nb)
(1.53MB)
  Report Presentation Webcast
Annual pdf
(5.69MB)
Q4 pdf
(1.61MB) 		pdf(nb)
(1.55MB)
Q3 pdf
(1.89MB) 		pdf(nb)
(2.03MB)
Q2 pdf
(1.83MB)
Q1 pdf
(0.58MB)
  Report Presentation Webcast
Annual pdf(nb)
(2.48MB)
  Report Presentation Webcast
Annual pdf(nb)
(2.02MB)
  Report Presentation Webcast
Annual pdf
(1.38MB)
  Report Presentation Webcast
Annual pdf
(0.60MB)
  Report Presentation Webcast
Annual pdf
(0.67MB)

Company Information

IR - Scana Industrier
ISIN NO0003053308
Org. number 928613941
Ticker SCI
ExchangeOslo Stock Exchange
Round lot1
Nom. value1.25
Outstanding shares287,870,000
Market cap529,680,000

Scana Industrier share capital is NOK 209,839,062.5 with 167,871,250 outstanding shares with a face value of NOK 1.25

Reporting calendar

The following dates have been set for the company’s financial reporting in 2011:
4th Q 2010: Feb 14'th 2011
1st Q 2011: May 9'th 2011
2nd Q 2011: Aug. 15'th 2011
3rd Q 2011: Oct. 24'th 2011

 

Currency Converter

Currency Rate
NOK 100.00
SEK 115.24
USD 17.20
EUR 13.11
GBP 10.88
CNY 108.36
KRW 19,234.30
PLN 54.74
SGD 21.40

Latest reports

Annual Report 2010

Download
Order

Annual accounts 2010

Download
Order

Stock Exchange Notices

02.02.12 13:44: Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

Financial Reports

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 2 February 2012: Reference is made to the ongoing Rights Issue in
Scana Industrier ASA (Ticker: "SCI") announced on 15 December 2011. The
following primary insider transactions have been undertaken on 2 February 2012:

Rolf Roverud, CEO, has subscribed for 590,000 new shares. Of the aggregate
subscription, 293,279 were subscribed for based on allotted subscription rights,
whereas 296,721 represents  oversubscription. On the basis of the subscription
based on allotted rights, Rolf Roverud will have a minimum of 703,279 shares in
Scana Industrier ASA following the rights issue.

Kjetil Flesjå, CFO, has subscribed for 250,000 new shares. Of the aggregate
subscription, 57,225 were subscribed for based on allotted subscription rights,
whereas 192,775 represents  oversubscription. On the basis of the subscription
based on allotted rights, Kjetil Flesjå will have a minimum of 137,225 shares in
Scana Industrier ASA following the rights issue.

Jan Henry Melhus, Group Director, has subscribed for 75,108 new shares based on
the allotted rights. On the basis of the subscription, Jan Henry Melhus will
have a total of 180,108 shares in Scana Industrier ASA following the rights
issue.

Inge Kvalvik, Senior Advisor, has subscribed for 82,996 new shares through his
ownership in Inge Kvalvik AS based on the allotted rights. On the basis of the
subscription, Inge Kvalvik AS will have a total of 199,024 shares in Scana
Industrier ASA following the rights issue.

Terje Egeland, Commercial Manager, has subscribed for 500,000 new shares through
his ownership in Miglia AS. Of the aggregate subscription, 107,297 were
subscribed for based on allotted subscription rights, whereas 392,703 represent
oversubscription. On the basis of the subscription based on allotted rights,
Miglia AS will have a minimum of 257,297 shares in Scana Industrier ASA
following the rights issue.

Torunn Hognestad, Administration Secretary, has subscribed for 6,533 new shares.
Of the aggregate subscription, 2,479 were subscribed for based on allotted
subscription rights, whereas 4,054 represents oversubscription. On the basis of
the subscription based on allotted rights, Torunn Hognestad will have a minimum
of 5,946 shares in Scana Industrier ASA following the rights issue.


All shares are subscribed for at a subscription price of NOK 1.25 per share. The
subscribers have the right to increase their subscription within the
subscription period.

The allotment of potential oversubscription by primary insiders will be made on
or about 6 February 2012, and will subsequently be announced.



Contact persons
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1582172]
24.01.12 08:45: Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

Scana Industrier - Subscription of shares by primary insiders in connection with the rights issue

Financial Reports

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Stavanger, 24 January 2012: Reference is made to the ongoing Rights Issue in
Scana Industrier ASA (Ticker: "SCI") announced on 15 December 2011. The
following primary insider transactions have been undertaken on 23 January 2012:

Knut Øgreid, Board Member, has subscribed to 13,152,130 new shares through his
ownership in Verket Finans AS. On the basis of the subscription of the allotted
rights, Verket Finans AS will have a total of 31,538,615 shares in Scana
Industrier ASA following the rights issue.

John Arild Ertvaag, Board Member, has subscribed to 12,768,134 new shares
through his ownership in Camar AS. On the basis of the subscription of the
allotted rights, Camar AS will have a total of 30,617,799 shares in Scana
Industrier ASA following the rights issue.

Frode Alhaug, Chairman of the Board, has subscribed to 5,600,000 new shares
through his ownership in Fama Invest AS. On the basis of the subscription of the
allotted rights, Fama Invest AS will have a total of 18,285,966 shares in Scana
Industrier ASA following the rights issue.

Per Ravnestad, Board Member, has subscribed to 4 163 460 new shares through his
ownership in Internatonal Oilfield Services AS and Panda AS. Of the aggregate
subscription, 2,850,347 was subscribed for based on allotted subscription
rights, whereas 1,313,113 represents oversubscription. On the basis of the
subscription of the allotted rights, Internatonal Oilfield Services AS/Panda AS
will have a minimum of 6,835,091 shares in Scana Industrier ASA following the
rights issue.

All shares are subscribed for at a subscription price of NOK 1.25 per share. The
subscribers have the right to increase their subscription within the
subscription period.

The allotment of potential oversubscription by primary insiders will be made on
or about 6 February 2012, and will subsequently be announced.



Contact persons
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1579644]
19.01.12 08:45: SCANA HAS RECEIVED THE APPROVAL OF THE PROSPECTUS COVERING THE RIGHTS ISSUE OF UP TO 120,000,000 OFFER SHARES

SCANA HAS RECEIVED THE APPROVAL OF THE PROSPECTUS COVERING THE RIGHTS ISSUE OF UP TO 120,000,000 OFFER SHARES

Financial Reports

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITEDSTATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE
DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE.

Scana Industrier ASA (Ticker: "SCI") has received the Financial Supervisory
Authority of Norway\'s approval of the prospectus covering the Rights Issue of up
to 120,000,000 Offer Shares in Scana Industrier ASA of par value NOK 1.25, at a
subscription price of NOK 1.25 per Offer Share.

Scana Industrier ASA\'s shareholders per 9 January 2012, as recorded in the
shareholder register in VPS on 12 January 2012, who may lawfully participate in
the Rights Issue, will have preferential rights for subscription of shares.

Subscription Period from and including 23 January 2012 to 17:30 CET on 3
February 2012.

Expected listing of the shares on the Oslo Stock Exchange is on or about 15
February 2012.

Subscription Rights not used to subscribe for Offer Shares will lapse without
compensation to the holder, and consequently be of zero value.

Managers for the transaction are Handelsbanken Capital Markets.

For further information on the offering please refer to the prospectus.

The prospectus will be available on the following website from 20 January 2012:
www.scana.no/rightsissue.

The prospectus is also available in paper format free of charge at the offices
of the company on Scana Industrier ASA (Strandkaien 2, N-4004 Stavanger, Norway)
and at the offices of Handelsbanken Capital Markets (Business Support,
Tjuvholmen allé 11, P.O. Box 1249 Vika, NO-0110 Oslo, Norway).


For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213



About Scana Industrier
Scana Industrier ASA is a Nordic industrial group providing products and system
solutions to three market segments: Marine, Energy and Steel & Machinery. Scana
also provides services, as well as maintenance and repairs for customers in the
marine market and oil & gas.

Scana\'s technology, unique expertise in engineering materials and extensive
production experience form the basis of our competitive power. Our aim is to be
the preferred supplier for leading companies within our market segments. The
majority of Scana\'s customers are in Europe, Amercias and South East Asia.

The Group has companies in Norway, Sweden, China, USA, Poland, Singapore, Brazil
and South Korea, as well as associated companies in a number of countries. Scana
has more than 1,800 employees. The head office is in Stavanger, Norway.




This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1578550]
13.01.12 08:45: Scana has signed new frame agreements for the marine business

Scana has signed new frame agreements for the marine business

Financial Reports

Scana Industrier ASA, has through its subsidiary Scana Steel Björneborg, signed
frame agreements with several customers regarding supply of forgings to a total
value of 65 MSEK for 2012.

These frame agreements come in addition to the 75 MSEK/year agreement with
Rolls-Royce announced yesterday. The agreements put Scana into a unique position
as a supplier of forgings for the marine business where long and slender
products are required.

The agreements will also include machining activities for some of the customers.
The total value for the 2012 agreements is approximate 10% higher compared with
2011.



For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 91 16 75 81
Mr. Ingvar Winbo, Managing Director, Scana Steel Björneborg AB, Mobile:
+46 70 509 75 20
Mr. Jan Henry Melhus, Group director Scana Industrier ASA, Mobile:
+47 901 67 010

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1577040]
12.01.12 09:57: Scana signs a three years supply agreement with Rolls Royce

Scana signs a three years supply agreement with Rolls Royce

Financial Reports

Scana Industrier ASA, has through its subsidiaries Scana Steel Björneborg, Scana
Steel Söderfors and Scana Machining, signed a three years supply agreement with
Rolls-Royce. The frame agreement put Scana into a unique position as one of the
key suppliers of Rolls-Royce.

The agreement includes supply of forgings for Controllable Pitch Propellers
(CPP) and Fixed Pitch propellers (FPP) shaft lines during 2012-2014. Scana will
also provide installation of piping, liner, composite - and welded cladding. The
agreement covers the supply of propeller shafts and intermediate shafts for
different types of vessels. The scope of work also includes all machining
activities beyond previous supply of forgings for Rolls-Royce. The value of the
contract is approximately 75 MSEK yearly.

Rolls-Royce is committed to the marine market and maintaining its world leading
position in the design, development, supply and support of products and systems
for the commercial and naval customers worldwide.

-Scana has a long history as a supplier to Rolls-Royce, who requires very high
quality forged shafts for their product application. Therefore Scana sees this
long term cooperation and the new supply agreement as recognition that Scana is
a world class supplier for the marine industry. This contract fit our strategy
to become a partner to our customers and an integrated part of their value
chain, Rolf Roverud, CEO Scana Industrier ASA, says.



For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 91 16 75 81
Mr. Ingvar Winbo, Managing Director, Scana Steel Björneborg AB, Phone
+46 550 251 00
Mr. Jan Henry Melhus, Group director Scana Industrier ASA, Mobile:
+47 901 67 010

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1577031]
09.01.12 19:41: SCANA INDUSTRIER ASA - EXTRAORDINARY GENERAL MEETING HELD 9TH JANUARY 2012

SCANA INDUSTRIER ASA - EXTRAORDINARY GENERAL MEETING HELD 9TH JANUARY 2012

Financial Reports

An Extraordinary General Meeting of the shareholders of Scana Industrier ASA
("Scana" or the "Company") was held on 9(th) January 2012 at 17:30 CET at
Radisson SAS Atlantic Hotel, Stavanger.


The minutes from the Extraordinary General Meeting recording the resolutions
made are enclosed hereto, and are also available on Scana\'s website at
www.scana.no. The minutes are in Norwegian only.

As recorded in the minutes, the Extraordinary General Meeting adopted the
resolutions proposed by the board as set forth in the notice, however, so that
the strike price under the Company\'s senior management option program was re-
priced to a value equal to the closing price on the Oslo Stock Exchange on 9
January 2012, NOK 2.25.

In accordance with the proposal from the election committee announced 28
December 2011, the following new board members were elected: Knut Øgreid, Per
Ravnestad and Kristin Malonæs, replacing Bjørn Dahle. The new board members were
elected for the period up to the Ordinary General Meeting in 2014.

The Rights Issue resolved by the Extraordinary General Meeting is, subject to
certain conditions, fully guaranteed by eight of the Company\'s largest
shareholders, including Verket Finans AS (Board member Knut Øgreid), Camar AS
(Board member John Arild Ertvaag), FAMA Invest AS (Chairman of the Board Frode
Alhaug), Best Invest AS/Høiland Holding AS, International Oilfield Services
AS/Panda AS (Board member Per Ravnestad),BD Trading AS and two other
shareholders. The guarantors have committed to subscribe for their respective
ownership proportions (covering approximately 54.6 % of the total Rights Issue),
on the first day of the subscription period (i.e. tentatively 23 January 2012).


For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213



About Scana Industrier

Scana Industrier ASA is a Nordic industrial group providing products and system
solutions to three market segments: Marine, Energy and Steel & Machinery. Scana
also provides services, as well as maintenance and repairs for customers in the
marine market and oil & gas.

Scana\'s technology, unique expertise in engineering materials and extensive
production experience form the basis of our competitive power. Our aim is to be
the preferred supplier for leading companies within our market segments. The
majority of Scana\'s customers are in Europe, Amercias and South East Asia.

The group has companies in Norway, Sweden, China, USA, Poland, Singapore, Brazil
and South Korea, as well as associated companies in a number of countries. Scana
has more than 1,700 employees. The head office is in Stavanger, Norway.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



Vedtekter SI ASA_20120109:
http://hugin.info/130/R/1576186/491182.pdf

Protokoll_EGF_20120109_Signed:
http://hugin.info/130/R/1576186/491181.pdf

Deltakere_EGF_20120109:
http://hugin.info/130/R/1576186/491183.pdf




This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1576186]
28.12.11 08:45: Recommendations from the election committee for elections of new board members of Scana Industrier ASA

Recommendations from the election committee for elections of new board members of Scana Industrier ASA

Financial Reports

With reference to announcement from Scana Industrier on 15(th) and 16(th)
December 2011.

The election committee has nominated the following persons as new board members
to be elected on the Extraordinary General Meeting 9(th) January:
* Knut Øgreid
* Per Ravnestad
* Kristin Malonæs


The new board members are elected for the period up to ordinary General Meeting
in 2013.

The board members will from the Extraordinary General Meeting 9(th) January be
as follows:
* Frode Alhaug, Chairman
* John Arild Ertvaag, Board member
* Mari Skjærstad, Board member
* Martha Kold Bakkevig, Board member
* Knut Øgreid, Board member
* Per Ravnestad, Board member
* Kristin Malonæs, Board member



All information about the Extraordinary General Meeting is available on Scana\'s
website at www.scana.no.


For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213


About Scana Industrier

Scana Industrier ASA is a Nordic industrial group providing products and system
solutions to three market segments: Marine, Energy and Steel & Machinery. Scana
also provides services, as well as maintenance and repairs for customers in the
marine market and oil & gas.

Scanas technology, unique expertise in engineering materials and extensive
production experience form the basis of our competitive power. Our aim is to be
the preferred supplier for leading companies within our market segments. The
majority of Scanas customers are in Europe, Amercias and South East Asia.

The group has companies in Norway, Sweden, China, USA, Poland, Singapore, Brazil
and South Korea. Scana has more than 1,700 employees. The head office is in
Stavanger, Norway.



This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1573471]
28.12.11 08:30: Scana Industrier ASA - Financial Calendar 2012, Revised

Scana Industrier ASA - Financial Calendar 2012, Revised

Financial Reports

Scana Industrier ASA will publish its financial statements on the following
dates in 2012:

4th quarter results 2011 and preliminary annual results for 2011: 14th February
2012

1st quarter results 2012 and Annual General Meeting:  9th May 2012

2nd quarter results 2012:  15th August 2012

3rd quarter results 2012:  24th October 2012


For furter information please contact:
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1573989]
27.12.11 08:45: Scana Industrier ASA - Financial Calendar 2012

Scana Industrier ASA - Financial Calendar 2012

Financial Reports

Scana Industrier ASA will publish its financial statements on the following
dates in 2012:

4th quarter results 2011 and preliminary annual results for 2011: 15th February
2012

1st quarter results 2012 and Annual General Meeting:  9th May 2012

2nd quarter results 2012:  15th August 2012

3rd quarter results 2012:  24th October 2012


For furter information please contact:
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213


This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1573867]
23.12.11 08:45: Scana Industrier ASA has today signed term sheet for a new multi-currency term loan

Scana Industrier ASA has today signed term sheet for a new multi-currency term loan

Financial Reports

Reference is made to stock exchange announcement of 15 December 2011, where it
was announced that Scana Industrier ASA is in advanced discussions with DNB,
Nordea and Handelsbanken to replace the outstanding term loan and credit
facility from 2007 with maturity 24 October 2012. Scana is pleased to announce
that the Company today has signed a term sheet with the above-mentioned banks
regarding a SEK 348 million multi-currency term loan and a NOK 280 million
working capital credit facility. The new facilities will have a tenor of three
years. The final loan arrangements will expectedly be in place within end of
February 2012.

Together with the underwritten rights offering announced on 15 December 2011,
the new  bank facilities will strengthen Scana\'s financial position and ensure
sufficient financial flexibility going forward. The capital strengthening
enables further development of the Company\'s strong market position, especially
within the energy related market that will be main driver for future growth and
shareholder value.


For further information please contact:
Mr. Rolf Roverud, CEO Scana Industrier ASA, Mobile: +47 911 67 581
Mr. Kjetil Flesjå, CFO Scana Industrier ASA, Mobile: +47 900 41 213



This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)






This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: Scana Industrier asa via Thomson Reuters ONE

[HUG#1573569]
Archive

Oslo Stock Exchange

Link to OSE Ticker

Latest Scana news

30 Oct 11: Webcast Q3 2011 presentation (Norwegian)
More

Video presentations

Scana Group
Scana Steel
Scana Marine
Scana Oil and Gas
More

Scana worldwide


Click image for details