Pelagic Credit Plc: Update on Contemplated Private Placement and Listing on Euronext Growth Oslo
•February 17, 2026
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Companies Mentioned
Why It Matters
The capital raise will strengthen Pelagic’s equity base ahead of a public debut, improving liquidity and funding for growth. It also underscores renewed confidence in the Nordic credit market and may draw new institutional capital.
Key Takeaways
- •Positive investor feedback on Pelagic’s private placement.
- •Terms may differ from initial February 9 announcement.
- •Offering size, timing, pricing still under negotiation.
- •Minimum allocation set at EUR 100,000, possible lower allocations.
- •Listing planned on Euronext Growth Oslo with joint coordinators.
Pulse Analysis
Pelagic Credit Plc, a specialist credit manager focused on European assets, is positioning itself for a significant equity infusion ahead of a market debut. By targeting a private placement, the firm can tap a pool of Norwegian and international investors while preserving flexibility in pricing and structure. This approach mirrors a broader trend among mid‑cap firms that prefer private placements to secure capital quickly, sidestepping the longer regulatory timeline of a full public offering.
The offering’s terms are still fluid, but the company has set a minimum subscription of EUR 100,000, with the possibility of allocating smaller tranches under EU prospectus exemptions. Such thresholds are designed to attract institutional participants while remaining accessible to high‑net‑worth investors. Notably, Pelagic has explicitly excluded U.S. investors unless they qualify as 144A buyers, reflecting careful navigation of cross‑border securities regulations. The involvement of seasoned coordinators—Clarksons, Fearnley and Arctic—adds credibility and signals a well‑structured distribution process.
Listing on Euronext Growth Oslo will grant Pelagic a public‑market platform tailored for growth‑stage companies, offering enhanced visibility and liquidity. The Oslo exchange’s focus on resource‑linked and financial services firms aligns with Pelagic’s credit‑focused strategy, potentially broadening its investor base across Scandinavia and the broader European market. Successful execution could set a precedent for other niche credit managers seeking to transition from private funding to public equity, reinforcing Oslo’s role as a hub for specialized financial entities.
Pelagic Credit Plc: Update on contemplated private placement and listing on Euronext Growth Oslo
Pelagic Credit Plc: Update on contemplated private placement and listing on Euronext Growth Oslomaster_of_puppets Tue 17/02/2026 - 21:36 17/02/2026 - 21:35 Pelagic Credit Plc: Update on contemplated private placement and listing on Euronext Growth Oslo Additional regulated information required to be disclosed under the laws of a Member State 90000-666067 Oslo Børs Newspoint Pelagic Credit Plc Published
Language English
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN<br />
OR INTO THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS,<br />
ANY STATE OF THE UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE<br />
"UNITED STATES"), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION<br />
OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH<br />
THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.<br />
<br />17 February 2026: Pelagic Credit Plc. (the “Company”) refers to the contemplated<br />
private placement of new shares in the Company (the “Offering") and listing of<br />
the Company’s shares on Euronext Growth Oslo (the “Listing”) announced on 9<br />
February 2026. The Company is experiencing positive feedback in the Offering and<br />
is continuing investor dialogue on potential terms of an Offering to establish<br />
an attractive equity capitalization for the Company in advance of a Listing,<br />
which may differ from the indicative structure and terms reflected in the<br />
announcement on 9 February 2026. The exact size, timing and other terms has not<br />
been concluded, and further announcements relating to the Offering and the<br />
Listing will be made in due course.<br />
<br />Clarksons Securities AS and Fearnley Securities AS are acting as Joint Global<br />
Coordinators and Joint Bookrunners in respect to the Offering and Listing (the<br />
“Joint Global Coordinators”). Arctic Securities AS is acting as Joint Bookrunner<br />
in connection with the Offering (together with the Joint Global Coordinators,<br />
the “Managers”). Advokatfirmaet BAHR AS is acting as legal counsel to the<br />
Company. <br />
<br />For further information, please contact:<br />
Atef Abou Merhi, Chairman<br />
[email protected]<br />
+357 99 405605<br />
<br />C. Tobias Backer, Chief Executive Officer<br />
[email protected]<br />
+357 97 771 170 / +44 7799 815 020 / +1 917 207-8680<br />
<br />Important notice:<br />
This announcement is not and does not form a part of any offer to sell, or a<br />
solicitation of an offer to purchase, any securities of the Company. Copies of<br />
this announcement are not being made and may not be distributed or sent into any<br />
jurisdiction in which such distribution would be unlawful or would require<br />
registration or other measures.<br />
<br />The Offering will be directed towards Norwegian and international investors, in<br />
each case subject to an exemption being available from offer prospectus<br />
requirements and any other filing or registration requirements in the applicable<br />
jurisdictions and subject to other selling restrictions. The minimum application<br />
and allocation amount has been set to the NOK equivalent of EUR 100,000. The<br />
Company may, however, at its sole discretion, allocate shares corresponding to<br />
an amount below EUR 100,000 to the extent applicable exemptions from the<br />
prospectus requirements pursuant to Regulation (EU) 2017/1129 and ancillary<br />
legislation are available.<br />
<br />The securities referred to in this announcement have not been and will not be<br />
registered under the U.S. Securities Act of 1933, as amended (the "Securities<br />
Act"), and accordingly may not be offered or sold in the United States absent<br />
registration or an applicable exemption from the registration requirements of<br />
the Securities Act and in accordance with applicable U.S. state securities laws.<br />
The Company does not intend to register any part of the offering in the United<br />
States or to conduct a public offering of securities in the United States. Any<br />
sale in the United States of the securities mentioned in this announcement will<br />
be made solely to "qualified institutional buyers" as defined in Rule 144A under<br />
the Securities Act. <br />
<br />In any EEA Member State, this communication is only addressed to and is only<br />
directed at qualified investors in that Member State within the meaning of the<br />
Prospectus Regulation, i.e., only to investors who can receive the offer without<br />
an approved prospectus in such EEA Member State. The expression "Prospectus<br />
Regulation" means Regulation (EU) 2017/1129 as amended (together with any<br />
applicable implementing measures in any Member State.<br />
<br />This communication is only being distributed to and is only directed at persons<br />
in the United Kingdom that are (i) investment professionals falling within<br />
Article 19(5) of the Financial Services and Markets Act 2000 (Financial<br />
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,<br />
and other persons to whom this announcement may lawfully be communicated,<br />
falling within Article 49(2)(a) to (d) of the Order (all such persons together<br />
being referred to as "relevant persons"). This communication must not be acted<br />
on or relied on by persons who are not relevant persons. Any investment or<br />
investment activity to which this communication relates is available only for<br />
relevant persons and will be engaged in only with relevant persons. Persons<br />
distributing this communication must satisfy themselves that it is lawful to do<br />
so.<br />
<br />Matters discussed in this announcement may constitute forward-looking<br />
statements. Forward-looking statements are statements that are not historical<br />
facts and may be identified by words such as "believe", "expect", "anticipate",<br />
"strategy", "intends", "estimate", "will", "may", "continue", "should" and<br />
similar expressions. The forward-looking statements in this release are based<br />
upon various assumptions, many of which are based, in turn, upon further<br />
assumptions. Although the Company believe that these assumptions were reasonable<br />
when made, these assumptions are inherently subject to significant known and<br />
unknown risks, uncertainties, contingencies and other important factors which<br />
are difficult or impossible to predict, and are beyond their control. Actual<br />
events may differ significantly from any anticipated development due to a number<br />
of factors, including without limitation, changes in public sector investment<br />
levels, changes in the general economic, political and market conditions in the<br />
markets in which the Company operates, the Company's ability to attract, retain<br />
and motivate qualified personnel, changes in the Company's ability to engage in<br />
commercially acceptable acquisitions and strategic investments, and changes in<br />
laws and regulation and the potential impact of legal proceedings and actions.<br />
Such risks, uncertainties, contingencies and other important factors could cause<br />
actual events to differ materially from the expectations expressed or implied in<br />
this release by such forward-looking statements. The Company does not make any<br />
guarantee that the assumptions underlying the forward-looking statements in this<br />
announcement are free from errors nor does it accept any responsibility for the<br />
future accuracy of the opinions expressed in this announcement or any obligation<br />
to update or revise the statements in this announcement to reflect subsequent<br />
events. You should not place undue reliance on the forward-looking statements in<br />
this announcement. <br />
<br />The information, opinions and forward-looking statements contained in this<br />
announcement speak only as at its date, and are subject to change without<br />
notice. The Company does not undertake any obligation to review, update,<br />
confirm, or to release publicly any revisions to any forward-looking statements<br />
to reflect events that occur or circumstances that arise in relation to the<br />
content of this announcement.<br />
<br />Neither the Managers nor any of their affiliates makes any representation as to<br />
the accuracy or completeness of this announcement and none of them accepts any<br />
responsibility for the contents of this announcement or any matters referred to<br />
herein.<br />
<br />This announcement is for information purposes only and is not to be relied upon<br />
in substitution for the exercise of independent judgment. It is not intended as<br />
investment advice and under no circumstances is it to be used or considered as<br />
an offer to sell, or a solicitation of an offer to buy any securities or a<br />
recommendation to buy or sell any securities of the Company. Neither the<br />
Managers nor any of its affiliates accepts any liability arising from the use of<br />
this announcement.<br />
<br />The distribution of this announcement and other information may be restricted by<br />
law in certain jurisdictions. Persons into whose possession this announcement or<br />
such other information should come are required to inform themselves about and<br />
to observe any such restrictions.<br />
<BR><BR><p id="link\_newsweb"><strong>More information:</strong><BR><a target="\_blank" href="[https://newsweb.oslobors.no/message/666067">Access](https://newsweb.oslobors.no/message/666067">Access) the news on Oslo Bors NewsWeb site</a></p>
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