Nekkar - Share Issue/Capital Change 2021

Nekkar ASA: Share program for employees - private placement of new shares resolved

8.12.2021 23:05:33 CET | Nekkar ASA | Additional regulated information required

to be disclosed under the laws of a member state

Reference is made to the resolution by made by the ordinary general meeting of

Nekkar ASA (the "Company") on 27 May 2021 where the board was authorised to

increase the Company's share capital in connection with share purchase programs

for employees and board members in the Nekkar group.

In that connection, the board of directors has today resolved to issue 165 871

new shares, each with a par value of NOK 0.11, at a subscription price of NOK

6.81 per share, corresponding to the volume-weighted five days average trading

price of the share in the period between 2 and 8 December 2021, less a discount

of 25%, subject to certain customary conditions, including a two year lock-up on

some or all of the shares and subject to the employee continuing to serve the

group during the lock-up period.

Upon registration of the share capital increase with the Norwegian Register of

Business Enterprises, the Company's share capital will be NOK 11 714 230.00,

consisting of 106 493 000 shares, each with a par value of NOK 0.11.

Certain primary insiders in the Company have collectively subscribed for and

will be allocated 38 531 shares in the private placement. More information about

subscriptions and allocations to such parties will be announced separately.

DISCLOSURE REGULATION

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 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.

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