Flyr AS - Capital/Financing Update 2021

Key information relating to the preferential rights issue to be carried out by Flyr AS

Reference is made to the stock exchange announcement published by Flyr AS (the

"Company") on 8 November 2021 regarding a contemplated fully underwritten rights

issue in the Company, to raise gross proceeds of NOK 250 million (the "Rights

Issue"). Key information relating to the Rights Issue is set out below.

Date on which the terms and conditions of the preferential rights issue were

announced: 22 December 2021

Last day including right: 4 January 2022

Ex-date: 5 January 2022

Record Date: 6 January 2022

Date of approval: 4 January 2022

Maximum number of new shares: Will be determined and announced after market

close on 4 January 2022, see "other information" below

Subscription price: Will be determined and announced after market close on 4

January 2022, see "other information" below

Ratio preferential rights: To be announced when final number of new shares is

determined

Subscription ratio: To be announced when final number of new shares is

determined

Managers: Arctic Securities AS, Carnegie AS and SpareBank 1 Markets AS

Will the rights be listed - yes/no: The Company has applied for listing of the

preferential rights on Euronext Growth Oslo

ISIN for the preferential rights: To be announced when clarified

Other information: The Rights Issue is fully underwritten. In accordance with

the underwriting agreement, the subscription price in the Rights Issue is

proposed by the board to be the theoretical ex rights price (TERP) based on the

volume-weighted average price (VWAP) of the Company's shares on Euronext Growth

Oslo on the date of the extraordinary general meeting (the "EGM"), less a

discount of at least 30%. The final discount and the subscription price for the

new shares to be issued in the Rights Issue, and, thus, the number of new shares

and the amount of the share capital increase in the Rights Issue, will be

announced through a stock exchange announcement as soon as possible after market

close on 4 January 2022 and be reflected in the final proposed resolution to the

EGM. Please refer the notice for the EGM for further information, published by

the Company today on 22 December 2021.

This information is published in accordance with the requirements of the

Continuing Obligations.

AI assistant