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COPENHAGEN - Danish energy company Ørsted A/S (CPSE:ORSTED) announced Monday the successful completion of its rights issue, with approximately 99.3% of the new shares subscribed by existing shareholders and investors through pre-emptive rights.
The company raised capital by issuing new shares at a subscription price of DKK 66.60 per share with a 15:7 subscription ratio. Out of the total offering, 894,298,680 new shares were subscribed through pre-emptive rights, with the Danish state subscribing to approximately 50.1% (451,522,164 shares) in line with its commitment.
Demand for the remaining unsubscribed shares was described as "extraordinarily high," exceeding availability. The company’s board decided to allocate these shares by granting full allocation for orders up to 22,446 shares, with larger orders capped at that amount. Due to high demand, no shares needed to be subscribed by the underwriting bank syndicate.
"I’m very pleased with the strong support we’ve received for our rights issue from small and large investors from Denmark and abroad, including from our majority shareholder, the Danish State," said Rasmus Errboe, Group President and CEO of Ørsted, in the press release statement.
The company expects to complete the offering on October 9, 2025, following receipt of subscription amounts and registration with the Danish Business Authority. The new shares are expected to begin trading on Nasdaq Copenhagen on October 10, 2025, under the company’s existing ISIN code DK0060094928.
The capital raise aims to strengthen Ørsted’s financial foundation as it focuses on delivering six offshore wind farms currently under construction and navigating regulatory uncertainty in the US market.
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