Arribatec Group ASA (the "Company") entered into a share purchase agreement on 8
October 2021 where the Company agreed to purchase 100% of the shares in Integra
Associates Limited. The share purchase agreement included an earn-out provision
which stipulated that the sellers was entitled to additional shares in the
Company if certain terms were met. The terms of the earn out provision were met
on 30 April 2023.
To settle the earn out obligation, the Board of Directors resolved to issue
514,844 new shares to the sellers of Integra Associates Limited on 13 December
2023. The new shares have been issued based on an authorization to increase the
shares capital granted to the Board of Directors on 24 May 2023.
Following completion of the share issuance, the share capital of the Company
will be 194,802,176.80, consisting of 69,572,206 shares, each with a par value
of NOK 2.8.
For further information please contact: CFO Bente Brocks, +47 455 16 320
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.