Completed NOK 350 million private placement
Summary
Certain investors with subscription indications from the wall-crossing phase in the Private Placement have accepted to take delivery of the majority of such Offer Shares. All other investors will receive a pro rata portion of their allocated Offer Shares (i) in accordance with the DVP settlement timeline described above (immediate trading after EGM), and (ii) in accordance with the mentioned listing prospectus timeline (delayed trading after EGM).Gross Management AS, controlled by Glen R\xf8dland, chair of the Board of directors, have subscribed for and been allocated 71,167 shares. Vicama Capital AS, related party of Simen Flaaten, member of the Board of Directors, have subscribed for and been allocated 184,917 shares. The Board has considered the Private Placement in light of the equal treatment obligations under the Norwegian Public Limited Companies Act, the Norwegian Securities Trading Act, the rules on equal treatment under Oslo Rule Book II for companies listed on the Oslo Stock Exchange and the Oslo Stock Exchanges Guidelines on the rule of equal treatment, and deems that the proposed Private Placement is in compliance with these obligations. A Subsequent Offering shall, if made, and on the basis of the prospectus, be directed towards existing shareholders in the Company as of 25 October 2023, as registered in the Companys register of shareholders with Euronext Securities Oslo on 27 October 2023, and who (i) were not included in the wall-crossing phase of the Private Placement, (ii) were not allocated Offer Shares in the Private Placement, and (iii) are not resident in a jurisdiction where such offering would be unlawful or would (in jurisdictions other than Norway) require any prospectus, filing, registration or similar action (the Eligible Shareholders).