Nekkar - Share Issue/Capital Change 2023

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

7.3.2023 08:59:01 CET | Nekkar ASA | Additional regulated information required

to be disclosed under the laws of a member state

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

Nekkar ASA (the "Company") on 30 May 2022 where the board was authorized 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 646 778

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

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

price of the share in the period between 28 February and 6 March 2023, less a

discount of 30%, 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 11 816 982,32

consisting of 107 427 112 shares, each with a par value of NOK 0.11.

Certain primary insiders in the Company have collectively subscribed for and

will be allocated 372 353 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

* Ole Falk Hansen, CEO, +47 988 14 184, [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, renewables and

aquaculture.

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