Share Issue/Capital Change • May 26, 2021
Share Issue/Capital Change
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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
26 May 2021, Stavanger, Norway
As previously announced, Huddlestock Fintech AS (the "Company"), will carry out a rights issue raising gross proceeds of NOK 30 – 50 million through issuance of new shares at a subscription price of NOK 6.00 per share, of which the minimum amount is underwritten (the "Rights Issue").
For the purpose of the Rights Issue, the Company has prepared a national prospectus (the "Prospectus"). The Prospectus has been registered in the Norwegian Register of Business Enterprises (Nw: Foretaksregisteret) in line with the Norwegian Securities Trading Act section 7-8. The Prospectus can be obtained electronically by downloading it from the Company's webpage: www.huddlestock.com
Subscription period: The subscription period for the Rights Issue commenced 14 May 2021 at 09:00 hours (CEST) and will close on Friday 28 May 2021 at 16:30 hours (CEST)
In order to subscribe for Rights Issue Offer Shares, investors need to complete the subscription form attached or in electronic form (see below), and submit it to the subscription office as set out in the Prospectus by 16:30 hours (CET) on 28 May 2021.
The electronic version of the subscription form can be found via this link: https://investor.vps.no/sc/servlet/no.vps.sc.servlets.SCLogonServlet?ISIN=NO0011003428&TSted=000VP& Sig=4f93e457dcde51f71b2fc213086dd3fbfc2ebb8365dcbe05730c9c1b5e7b905f Or
Use the subscription form enclosed
To subscribe as a company, all subscriptions need to be made via the attached subscription form (see below).
Further information about the Rights Issue and the subscription procedures is included in the Prospectus.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
To see all other press and investor releases please look in the investor relations section of our corporate website https://huddlestock.com/investor-relations/.
For questions, please contact investor relations.
John E. Skajem, CEO, +47 418 87 412, [email protected]
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, [email protected]
Huddlestock Fintech AS was listed on Euronext Growth Market 26 November 2020, as Norway's first fintech company to be publicly traded. Huddlestock Fintech is a company that develops unique software as a service-solutions for digitizing work processes for custody banks, asset managers and trading venues.
The open, compliance-optimized and data centric platform allows our customers to offer a differentiated real-time product that reduces cost and increases efficiency. Huddlestock Fintech's technology enables end-to-end digital services such as onboarding, client communication, reporting, order execution and portfolio management, all executed on the same platform.
Huddlestock has two main products: Apex (Custody) and Bedrock (Connectivity). Apex is a software as a service-solution that links custody services with asset managers and individual investors. Bedrock provides a white label solution that is primarily a product for financial services firms wanting to add low costefficient trading and investing services to their client web and app offerings.
Huddlestock has offices in Oslo, Stavanger, Kuala Lumpur, Copenhagen, Stockholm, Munich and London.
For more information, please visit www.huddlestock.com.
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