Nekkar - Share Issue/Capital Change 2020

Share program for employees and board members in Nekkar Group

12.10.2020 08:00:01 CEST | Nekkar ASA | Additional regulated information

required to be disclosed under the laws of a member state

Kristiansand, October 12, 2020 - The board of directors of industrial technology

group Nekkar ASA has approved a private placement of shares in connection with a

share program for all employees and board members.

The share program gives the right to subscribe for shares in Nekkar ASA for an

amount of up to six months' remuneration in 2020. The subscription price will be

set to the volume-weighted 10 days average trading price in the period up to

October 23rd 2020, less 30% as the shares will have a three-year lock-up period.

Subscription of shares will end on October 23rd, 2020. The issue is approved

based on a board authorization granted under item 6 at the general meeting of

Nekkar ASA on 27 May 2020. In the event of full subscription, the maximum limit

for the issue in the share program is 2 million shares, which corresponds to an

increase of up to 1.9% of the current shares outstanding.

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies

combined with high-end software solutions. The group combines 50 years' heritage

from the world's number one shiplift company, Syncrolift, with new investments

into sustainable, digitalised technology businesses that aim to unlock growth

within ocean-based industries such as offshore energy and renewables and

aquaculture.

Contact person: Preben Liltved, CEO, M: +47 480 62 691

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Preben Liltved, CEO, +47 480 62 691, [email protected]

ABOUT NEKKAR ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies

combined with high-end software solutions. The group combines 50 years' heritage

from the world's number one ship lift company, Syncrolift, with new investments

into sustainable, digitalised technology businesses that aim to unlock growth

within ocean-based industries such as offshore energy and renewables, and

aquaculture.

The company is listed on Oslo Stock Exchange (until 2 August 2019 as TTS Group

ASA)

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