Multiconsult

M&A Activity • Dec 14, 2022

Multiconsult (OSE: MULTI) completes the acquisition of Roar Jørgensen AS

Multiconsult (OSE: MULTI) completes the acquisition of Roar Jørgensen AS

On 30 November 2022, Multiconsult announced that it had entered into an

agreement to purchase 100 per cent of the shares of Roar Jørgensen AS. The

purchase price was settled in a combination of cash and Multiconsult shares (20

per cent of the enterprise value (EV)). An additional consideration may be paid

to the sellers by way of an earn-out payment based on the annual accounts of

Further to this, Multiconsult will issue 103 936 new shares to the shareholders

of Roar Jørgensen AS at a share price of NOK 134.6971. The share price was based

on the volume weighted average share price of Multiconsult during the five

consecutive trading days prior to closing. The new shares are issued pursuant to

an authority given to the board of directors by the annual general meeting on 7

April 2022. The cash portion of the purchase price was settled by using existing

cash balances. The transaction is based on a completion accounts model where the

closing accounts date (reference date) is set to 31 December 2022. Consequently,

the purchase price will be adjusted accordingly with the net cash and net

working capital position on the reference date. The purchase price adjustment

will be settled during second quarter of 2023.

The share capital increase of NOK 51 968.00 was filed and amendments to the

articles of association of Multiconsult ASA was registered with the Norwegian

Register of Business Enterprises immediately following closing and registration

is expected to take place shortly. Following registration, the share capital of

Multiconsult will be NOK 13 767 229.50 divided into 27 534 459 shares, each with

a nominal value of NOK 0.50. The newly issued shares represent approximately

0.38 per cent of the share capital of Multiconsult.

For further information, please contact:

Investor relations:

Ove B Haupberg, CFO & EVP

Phone: +47 401 00 900

E-mail: ovbh@multiconsult.no

Media:

Gaute Christensen, VP Communication

Phone: +47 911 70 188

E-mail: gaute.christensen@multiconsult.no

This information is subject to the disclosure requirements pursuant to section 5

-12 of the Norwegian Securities Trading Act.