The new shares will be issued to the sellers of ProCom GmbH as part of the consideration for the acquisition of that company. In accordance with the terms of the acquisition agreement, the new shares are being issued at a price of NOK 45.64 per share. The share price is based on 10 day’s volume weighted average share price prior to 30 September 2021 according to the acquisition agreement. Following the share capital increase, the share capital of the Company will be NOK 57,547,885.60* divided into 143,833,714* shares, each with a nominal value of NOK 0.40.
*Share capital and number of shares after increase of the Company’s share capital related to the acquisition of Likron GmbH (pending registration in the Norwegian Register of Business Enterprises), see stock exchange release from 1 November 2021.