Oslo, 20 June 2023
Reference is made to section 4.1 of Oslo Rulebook II, Issuer Rules, and the requirement to have a stock price of minimum NOK 1 per share. In connection with Company's notice to the annual general meeting of 2023, the board has proposed a reverse share split in the ratio 20:1 (the “Reverse Share Split”). To have the total number of shares in the Company divisible by 20 in the Reverse Share Split, the board has resolved under a proxy from the general meeting, as a preparatory step, that the share capital is increased by the issuance of a number of shares that results in the total number of shares in the Company being divisible by 20, i.e., by issuance of seven (7) new shares (the “New Shares”). Lama Global AS, a company controlled by CFO Lars M. Brynildsrud, subscribed for the New Shares. PDMR notification form attached hereto.
The share capital increase resulting from the issue of the New Shares has today been registered with the Norwegian Register of Business Enterprises, and the Company’s new registered share capital is NOK 1,100,000.0134 divided into 575,362,020 shares, each with a nominal value of NOK 0.001911839807 (rounded).
For further information, please contact Lars M. Brynildsrud, CFO, firstname.lastname@example.org, Ph.: +47 932 60 882
This information is subject to the disclose requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.