Kid ASA

Director's Dealing • Mar 17, 2021

Kid ASA - Disclosure of shareholding and mandatory notification of trade

Kid ASA - Disclosure of shareholding and mandatory notification of trade

16 March 2021. Gjelsten Holding AS (“Gjelsten Holding”) has today sold 6,000,000 shares in Kid ASA (the “Company” or "Kid"), representing 14.76 per cent of the share capital in the Company, at a price per share of NOK 93.00 (the “Placing”). The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA and SpareBank 1 Markets as joint bookrunners (together the “Managers”).

After the Placing, Gjelsten Holding owns 4,161,291 shares in Kid, representing 10.24 per cent of the share capital in the Company. Gjelsten Holding has entered into a customary lock-up agreement with the Managers for its remaining shares in the Company valid for 90 days.

Gjelsten Holding is represented on the board of directors in the Company.

The following primary insiders in the Company have acquired shares in the Placing:

- Anders Fjeld, CEO, has acquired 30,000 shares through Fjanse Holding AS, and will, following the Placing, hold 130,000 shares in the Company

- Eystein Lund, CFO, has acquired 8,000 shares through Elu Invest AS, and will, following the Placing, hold 70,286 shares in the Company

- Petter Schouw-Hansen, Chairman of the board, has acquired 10,750 shares and will, following the Placing, hold 54,808 shares in the Company

- Rune Marsdal, board member, has acquired 10,750 shares and will, following the Placing, hold 20,427 shares in the Company

The following related parties have acquired shares in the Placing:

- Solveig Gjelsten has acquired 107,000 shares and will, following the Placing, hold 236,000 shares in the Company

- Henrik Schüssler, CEO in Gjelsten Holding, has acquired 10,750 shares through Fireh AS, and will, following the Placing, hold 43,008 shares in the Company