Elektroimportøren AS — Share Issue/Capital Change 2023

Jun 30, 2023

Elektroimportøren AS: Cancellation of Repair Issue

Elektroimportøren AS: Cancellation of Repair Issue

Reference is made to the stock exchange notice published on 14 June 2023, regarding successful completion of the private placement of 5,200,000 new shares (the "Private Placement") in Elektroimportøren AS ("Elektroimportøren" or the "Company") and a repair issue of up to 869,565 new shares with non-tradable subscription rights directed towards eligible shareholders (the "Repair Issue"). As stated in the release, the Board of Directors could resolve to cancel the Repair Issue if the prevailing market price of the Company’s share is lower than NOK 23 per share, allowing the shareholders to reduce the dilutive effect of the Private Placement by acquiring shares in the open market at similar price.

Following the announcement of the Private Placement, the Company’s shares have traded with sufficient trading volume below the subscription price of NOK 23 per share. Consequently, existing shareholders who have wished to reduce the dilutive effect of the Private Placement have thus had the opportunity to acquire shares in the market at prices below the subscription price in the Repair Issue. On this basis, the Board of Directors has resolved to cancel the Repair Issue, inter alia to save unnecessary costs and resources.

For more information, please contact:

Jørgen Wist

CFO Elektroimportøren AS

+47 959 34 619

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.