AKVA Group - M&A Activity 2024 | FinancialReports.eu

AKVA group ASA: Update on intragroup merger with AKVA group Software AS and Polarcirkel AS

Klepp, 7 November 2024: Reference is made to the stock exchange announcement by

AKVA group ASA (AKVA) on 26 September 2024 regarding the entering into of merger

plans for the intragroup mergers of AKVA's wholly owned subsidiaries AKVA group

Software AS and Polarcirkel AS, both as non-surviving entities (the

Subsidiaries), with AKVA as the surviving entity.

Due to accounting purposes relating to the timing of completion of the mergers,

the board of directors of AKVA and the Subsidiaries have today resolved to make

certain minor amendments to the merger plans and their appendices. The revised

merger plans with appendices are available on AKVA's webpage:

https://www.akvagroup.com/investors/financial-info/other-presentations-reports/.

The mergers are expected to be completed in February 2025.

The purpose of the mergers is to simplify the corporate structure in the group,

by AKVA acquiring all assets, rights and liabilities of the Subsidiaries and the

Subsidiaries being dissolved as legal entities. The mergers are carried out in

accordance with the simplified merger procedure for parent/subsidiary mergers

pursuant to section 13-24 of the Norwegian Public Limited Liability Companies

Act.

This information is subject to the disclosure requirements pursuant to sections

4.2.4 of Oslo Rule Book II - Issuer Rules and section 5-12 of the Norwegian

Securities Trading Act.

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AKVA group ASA

Web: www.akvagroup.com (http://www.akvagroup.com)

CONTACTS:

Ronny Meinkøhn, Chief Financial Officer

Phone: +47 51 77 85 00

Mobile: +47 98 20 67 76

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