Reference is made to the stock exchange announcement published by Endúr ASA (the “Company”) on December 23rd, 2024, regarding the agreement to purchase 100 % of the shares in VAQ AS (“VAQ”) from majority owner Broodstock Capital, the founders and several employee minority shareholders (the “Sellers”), in a highly strategic and complementary transaction (“Transaction”).
The Company is pleased to announce that the Transaction has been successfully completed. As a part of the Transaction, the Company has issued and transferred in total 937 566 shares in the Company (“Consideration Shares”) to the Sellers. Of these, 887,566 Consideration Shares are issued through a capital increase, and 50,000 Consideration Shares are transferred from the Company’s holding of treasury shares. The Company’s share capital after the capital increase is NOK 18,888,858 divided into 37,777,716 shares, each with a nominal value of NOK 0.5.
For more information about the Transaction, and the strategic rationale behind the Transaction, please see the stock exchange published by the Company on December 23rd,2024.
For further information, please contact:
Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787