Norwegian Block Exchange AS

Delisting Announcement • Feb 6, 2024

LDA Capital accepts the Put Option Notice and conclude the market activities for NBX

LDA Capital accepts the Put Option Notice and conclude the market activities for NBX

Oslo, 6. February 2024 - Norwegian Block Exchange AS (NBX), the leading crypto service provider in the Nordics.

In September 2022, NBX secured a provisional NOK 100 million capital commitment from LDA, a Los Angeles based global investment group, by entering into a put option agreement. On 20. November 2023 NBX utilized the facility by issuing a put option notice to LDA.

Pursuant to the Agreement LDA has given notice that they accept the Put Option Notice for 1,295,000 Ordinary Shares. The average Put Option Price is NOK 0.636 per share, with the aggregate Put Option Price being NOK 823,620. This concludes LDA’s market activities and LDA will not be actively selling shares in the market unless NBX initiates another put option notice.

Within twelve (12) months NBX will issue to LDA the number of ordinary shares subscribed for in this put option notice for LDA to return to the share lenders or keep on their own balance at NBXs discretion.

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Contact person:

Stig Kjos-Mathisen - CEO Mail: stig.aleksander.kjos-mathisen@nbx.com, Phone: +47 93287572