4.4.2025 08:00:00 CEST | Aqua Bio Technology ASA | Additional regulated
information required to be disclosed under the laws of a member state
Reference is made to the stock exchange notice by Aqua Bio Technology ASA (the "
Company") on 27 March 2025 regarding a subsequent offering with gross proceeds
of up to NOK 10,000,000 through issuance of up to 20,000,000 new shares at a
subscription price of NOK 0.50 per share (the "Subsequent Offering").
In the Subsequent Offering, the shareholders of the Company as of 11 March 2025
(as registered in the VPS on 13 March 2025), except: (i) shareholders that
subscribed for shares in the private placement placed on 11 March 2025, and (ii)
shareholders who are resident in a jurisdiction where such offering would be
unlawful, or would require any prospectus filing, registration or similar action
(the "Eligible Shareholders"), received subscription rights giving preferential
rights to subscribe for and be allocated new shares in the Subsequent Offering
(the "Offer Shares"). In addition, certain groups of investors, as described in
the stock exchange notice dated 27 March 2025 were given a secondary right to
subscribe for Offer Shares not subscribed for by the Eligible Shareholders ("
Secondary Subscribers").
The application period in the Subsequent Offering ended on 3 April 2025 at 16.30
CEST. At the end of the application period, the Company had received
applications for 4,111,975 Offer Shares. The new shares will be subscribed both
through subscription rights and from Secondary Subscribers.
The Company's board of directors (the "Board") has now allocated shares in the
Subsequent Offering, which implies that the Company shall issue 4,111,975 Offer
Shares. The Board has allocated 3,742,741 Offer Shares to Eligible Shareholders
and 369,234 Offer Shares to Secondary Subscribers. Allocation letters, regarding
the number of shares allocated and the subscription amount to be paid, will be
distributed to the subscribers shortly.
As the subscription price of the Offer Shares is lower than the current par
value of the Company's shares, the Company must carry out a share capital
decrease to reduce the par value of the Company's shares to NOK 0.50 per share
(the "Share Capital Decrease").
In order to issue Offer Shares to the applicants, the general meeting of the
Company (to be held on 9 April 2025) must pass a resolution to increase the
Company's share capital (the "Share Capital Increase"). In the notice to the
general meeting minutes, the resolution is given with a minimum and maximum
increase of the share capital. Given that the exact number of Offer Shares is
now known, the Company's Board of Directors has now resolved to update its
proposal to the general meeting, as evident from the attached document.
Completion of the Subsequent Offering is subject to