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Arribatec Group ASA — Director's Dealing 2018
Apr 6, 2018
3541_dirs_2018-04-06_8b6c12c6-ffb6-4c2c-94c5-0715d5445324.html
Director's Dealing
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Primary insider notice
Primary insider notice
Reference is made to previous stock exchange announcements from Hiddn Solutions
ASA (the "Company") regarding a partially underwritten rights issue (the "Rights
Issue"), whereby the Board of Directors following the end of the subscription
period on 6 April 2018 has resolved to issue 17,142,857 new shares in the
Company at a subscription price of NOK 1.75 (the "Offer Shares").
The following primary insiders have been allocated Offer Shares in accordance
with their respective underwritten amount of the Rights Issue and additional
subscriptions made:
Intelco Concept AS, a company owned by the Company's chairman of the board
Øystein Tvenge and his family, has been allocated 2,600,000 Offer Shares.
Pursuant to an agreement between Intelco Concept AS and Øystein Tvenge, the
shares will be immediately transferred to Øystein Tvenge personally once issued,
at a price per share equal to the subscription price in the Rights Issue of NOK
1.75. Following issuance of the Offer Shares and the said transfer, Øystein
Tvenge will own 3,732,271 shares in the Company, corresponding to 4.07% of the
total amount of outstanding shares in the Company after completion of the Rights
Issue. Intelco Concept AS' shareholding will remain unchanged.
Dallas Asset Management AS, a company owned by board member in the Company, Jan
Opsahl, has been allocated 2,497,626 Offer Shares. Following issuance of the
Offer Shares, Dallas Asset Management AS will hold 5,697,626 shares in the
Company, equaling 6.21% of the total outstanding shares in the Company after
completion of the Rights Issue.
Wollebekkgruppen AS, a company owned by the Company's CEO and his wife, has been
allocated 66,861 Offer Shares. Following issuance of the Offer Shares,
Wollebekkgruppen AS will hold 166,861 shares in the Company equaling 0.18% of
the total outstanding shares in the Company after completion of the Rights
Issue.