Successful Private Placement Completed

MVW has successfully completed a fully underwritten private placement on Oct 29th 2025, raising NOK 8 million in gross proceeds at a subscription price of NOK 8 per share. In addition, two existing shareholders have converted shareholder loans totaling NOK 12.6 million at the same subscription price.

The subscription price represents a 25% premium to the recent trading price, reflecting strong confidence in the company and highlights the continued trust and long-term commitment from our shareholders.

400,000 New Shares will be subscribed by the underwriters pursuant to their underwriting obligation under the underwriting agreement. In addition, MVW received applications for 600,000 New Shares from other existing shareholders. 

The proceeds will be used as working capital to support the company’s ongoing projects and tender activities, and to meet the growing demand for NORWAFLOC® products across all segments.

MVW’s Aquaculture segment continues to deliver profitability driven by increased chemical sales, while dredging operations in Germany are progressing as planned. The company also reports a strong tender pipeline in both dredging and oil & gas in the Middle East, representing significant growth potential for its NORWAFLOC® and NORWAPOL® technologies.

Following completion of the transaction, MVW’s share capital will amount to NOK 80,351.38, divided into 35,295,663 shares.

“We are very encouraged by the strong support from our shareholders. Raising capital at a premium underlines their confidence in MVW’s technology and business potential,” says Morten Hilton Thomassen, CFO of MVW.

Read the full Press Release here. 

For further information, please contact:
Tor Olav Gabrielsen, Executive Chairman – tog@mvestwater.com – +47 92 40 86 07
Morten Hilton Thomassen, CFO – mht@mvestwater.com – +47 92 25 85 70