Reference is made to the stock exchange announcement of Endúr ASA (“Endúr” or the “Company”) on 2 February 2021 regarding the entering into of a share purchase agreement for the acquisition of 100% of the outstanding shares in Marcon-Gruppen i Sverige AB (the “Transaction”) and the stock exchange announcement of the Company of 23 February 2021 regarding an addendum to the share purchase agreement setting out the completion of the Transaction in two phases, Phase 1 and Phase 2, respectively. Reference is further made to the stock exchange announcement of the Company on 4 December 2020 regarding the Company’s extraordinary general meeting (the “EGM”).
The Company is pleased to announce that Phase 1 of the completion of the Transaction has now successfully been completed, pursuant to which the purchase price for 35% of the shares in Marcon-Gruppen i Sverige AB has been settled by SEK 140 million in consideration shares in Endúr at a subscription price of NOK 1.33 per share (the “Consideration Shares”).
The board of directors of Endúr has today, 5 March 2021, pursuant to a board authorization granted by the EGM resolved to increase the Company’s share capital by NOK 1,062,308.38 by issuance of 106,230,838 new shares, each with a nominal value of NOK 0.01.
The Consideration Shares are expected to be delivered to the sellers following registration of the share capital increase in the Norwegian Register of Business Enterprises, expected on or about 6 March 2021. The Consideration Shares will be issued on a separate ISIN and will be listed and tradable on Oslo Børs following publication of a prospectus expected to be approved by the Financial Supervisory Authority of Norway in the beginning of April 2021. As set out in the stock exchange announcement of 2 February 2021, the Consideration Shares are subject to lock-up restrictions vesting with 1/3 after 6 months, 1/3 after 12 months and 1/3 after 24 months from the closing date.
Phase 2 of the completion of the Transaction, will take place immediately following the EGM.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.