Eqva ASA

Regulatory Filings • Jun 12, 2024

Eqva ASA: Agreement on intercompany reorganisation

Eqva ASA: Agreement on intercompany reorganisation

Eqva ASA ("Eqva" or the "Company") announces that its indirect subsidiaries Nordic Industrial Solutions AS ("NIS") and Handeland Industri AS ("HI") today have entered into an agreement pursuant to which HI will sell all its 30,000 shares in BKS Holding AS to NIS (the "Transaction"). The Transaction is conducted as part of an intercompany reorganisation to facilitate the Company's resolved strategy and M&A activities.

HI will issue a seller's credit in the Transaction that is to be settled with a group contribution within 31 August 2024. The Transaction is based on independently negotiated market terms and on arms' length principles for reorganisations. The Transaction will provide an appropriate group structure for the Company's existing business, future growth, and M&A activities and the Board of Directors of Eqva is therefore of the opinion that the Transaction is in the common interests of Eqva as well as its shareholders.

For more information, please contact:

Petter Sørdahl, Chief Financial Officer: +47 917 56 147

Eqva ASA in brief Eqva ASA is a knowledge-based active owner of engineering, construction and service companies that contribute to the green transition in maritime, power intensive and renewable industries.

The group has a well-diversified product and market portfolio, and further growth will be established through a combination of company-based development, utilization of synergies between the companies in the group as well as value-creating M&A activities.

Key companies in the group are BKS and Fossberg Kraft, each building on decades of experience and widely recognized by clients in a broad range of industries.

Read more on www.eqva.no.

This information is made public pursuant to section 3-19 of the Norwegian Public Limited Liability Companies Act and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.