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Yesterday evening, Green Landscaping completed a directed issue of 1.85m new shares (3.8% dilution) at a price of SEK 81 per share (c. 1.5% discount), corresponding to SEK 150m. In connection with the new share issue, participants in the company’s 2018/21 incentive programme also sold 0.243m shares. Following the transaction, the M&A engine is refuelled and we believe the company will utilise the funds primarily to continue its consolidation journey in the Norwegian market.
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