Saga Pure — Interim / Quarterly Report 2020

Feb 17, 2021

Q 4

Saga Pure Q4 2020 Report

Highlights 3
Consolidated condensed statement of comprehensive income 5
Consolidated condensed statement of financial position 6
Consolidated condensed cash flow statement7
Consolidated condensed statement of changes in equity 8
Notes to the financial statements 9

Highlights

NOK 1000	Oct-Dec 2020	Oct-Des 2019	Jan-Dec 2020	Jan-Dec 2019
	(unaudited)	restated	(unaudited)	restated
Operating revenues	224 976	45 956	174 476	57 666
Operating profit (-loss) before depreciation (EBITDA) (1)	213 062	41 292	155 187	45 678
Operating profit/(-loss) (EBIT) (2)	213 056	41 286	155 163	45 655
Net profit/(-loss) from continuing operations	213 255	41 615	155 974	46 878
Profit (loss) from discontinuing operations	19 389	-131	22 988	3 449
Total comprehensive income total operations	232 644	41 484	178 962	50 326
Basic earnings per share NOK (3)	0,71	0,16	0,63	0,18
Diluted earnings per share NOK (3)	0,67	0,16	0,59	0,18

(1) EBITDA can be calculated from the statement of income by deducting interest income, interest expenses and depreciation from the profit/(loss) before taxes.

(2) EBIT can be calculated from the statement of income by deducting interest income and interest expenses from the profit/(loss) before taxes.

(3) Basic earnings per shares is calculated by dividing shareholders earnings for the period by the average number of outstanding shares in the period. Diluted earnings per shares is calculated by adding potential shares with dilutive effect, in this case 20,000,000 equity options, to the average number of outstanding shares..

Financial results

Saga Pure Group ("The Group") reports a net profit from continued operations for the fourth quarter 2020 of NOK 213.3 million. (Profit of NOK 156.0 million for the twelve months of 2020).

The Vallhall business was disposed in the fourth quarter. Gain and net result until disposal is classified as profit from discontinued business (see note 6). Total comprehensive income for total operations for the fourth quarter 2020 was NOK 232.6 million. (NOK 179.0 million for the twelve months of 2020).

EBITDA for the fourth quarter 2020 was NOK 213.1 million. (NOK 155.2 million for twelve months of 2020).

The Group had a gain on available for sale assets of NOK 225.0 million in the fourth quarter.

The average number of outstanding shares in the quarter was 328,633,347. Total number of outstanding shares year end was 439,149,831.

The Group had a cash holding of NOK 391.1 million at the end of fourth quarter (excluding NOK 85 million in restricted cash), versus NOK 87.7 million per year-end 2019.

The Group completed five private placements during fourth quarter, raising net cash of NOK 297.5 million by issuing a total of 173 million shares. NOK 85 million is classified as the aforementioned restricted cash as per year end.

Other major items in the cash flow, is net cash from investments of 154 million as a result of divestment in noncore assets. Further the Group has distributed NOK 53.2 million in dividends during the year.

The Group's condensed unaudited financial statements for the fourth quarter of 2020 are enclosed.

Company development and investments

As the new strategy of investments within the sustainability space was announced 19 October, the fourth quarter was defined by the disposal of investments outside the scope, and the acquisition of investments in line with the new strategy.

1 December Bjørn Simonsen commenced as CEO of the Company. Mr Simonsen expertise within the business of the new investment strategy, will be a vital contribution for the company going forward.

The Group held investments classified as financial assets available for sale with a fair value of NOK 276.4 million. The fair value of the investments by the end of fourth quarter was as follows:

Everfuel A/S NOK 225 million Vistin Pharma ASA NOK 40 million Other investments NOK 12 million

Changes in market-value for these investments resulted in a gain of NOK 190 million for the fourth quarter, while

changes in fair value of shares disposed during the quarter resulted in a net profit of NOK 33 million. Through the realizations the Group has disposed the majority of the investments that are not considered core investments following the Groups new strategy.

The Group invested NOK 30 million, corresponding to an ownership of 21.4 %, in Bergen Carbon Solutions AS ("BCS") during the quarter. BCS is developing a technology which transforms CO2into valuable carbon nanofibers with zero emissions, and is an associated company as of December 2020 (see note 5).

In addition, the Group has disposed all shares in the shortterm investment portfolio classified as financial assets at fair value through profit and loss, with a net gain of NOK 1.6 million in the fourth quarter. A new portfolio, in line with the new investment strategy, will be established.

Subsequent events

At 29 December the Board initiated another private placement of 30 million new shares, raising a gross equity of NOK 123 million. As the placement was not completed by 31 December, the placement is not reflected in the fourth quarter balance statement.

6 January the Group settled the announced NOK 35 million investment in Horisont Energi AS. Horisont Energi is a carbon tech company which is developing innovative solutions for blue hydrogen and ammonia production as well as cost effective CO2 handling and storage.

25 January the Group committed to invest NOK 30 million as a cornerstone investor in CRC Holding B.V. ("Pryme"). Pryme has developed an effective solution for recycling of plastic materials in a potential carbon emission free process.

27 January the Company filed application for transfer of listing from Euronext Expand, to Oslo Børs.

The Group completed three subsequent offerings as repairs for the last three placements, issuing 9,728,592 shares raising gross proceed of NOK 26 million.

The Company has further strengthened the organization by the employment of Florian Melcher and Jørgen Festervoll.

Outlook

Focus on renewable energy and the transition towards a more sustainable future is gaining momentum, supported by ever-stronger policy measures from governments around the world. Alongside evaluating a number of investment opportunities Saga Pure is focused on building a team of strong and broad industrial competence in accordance with the new investment strategy. With no interest bearing debt, and substantial cash following the disposal of the former investments and recent private placements, the Group is well positioned for pursuing new possibilities within the new strategy.

Covid-19 will continue to affect the Group both through the equity-marked and through operations. The extent of impact and duration of the effects of the pandemic, is difficult to predict. However, the Group will take appropriate measures both regarding health and safety issues regarding the pandemic effects, as well as for the protection of its investments. The concrete measures will be dependent on the development as it unfolds going forward.

Forward-looking statements

Matters discussed in this report may constitute forwardlooking statements. The forward-looking statements in this report are based on various assumptions, many of which are based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies, which are difficult to predict and beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

Oslo, 16 February 2021

The Board of Directors

Consolidated condensed statement of comprehensive income

NOK 1000	Oct-Des 2020	Oct-Des 2019	Jan-Dec 2020	Jan-Dec 2019
	(unaudited)	Restated*	(unaudited)	Restated*
Net gain from available for sale assets (note 3)	224 976	45 956	174 476	57 666
Operating revenues	224 976	45 956	174 476	57 666
General administrative expenses (Note 7)	11 899	4 663	19 305	11 991
Depreciation (note 4)	6	6	24	24
Operating expenses	11 905	4 669	19 329	12 015
Operating profit/(-loss)	213 071	41 287	155 147	45 652
Interest income	199	329	813	1 225
Interest expense	-1	-0	-2	-2
Other financial items	-15	-2	16	3
Net financial items	184	327	827	1 226
Taxes	-	-	-	-
Net profit/(-loss) from continuing operations	213 255	41 615	155 974	46 878
Profit (loss) from discontinuing operations (note 6)	19 389	-131	22 988	3 449
Net profit/(-loss) from total operations	232 644	41 484	178 962	50 326
Other comprehensive income	-	-	-	-
Total comprehensive income	232 644	41 484	178 962	50 326
Attributable to:
Non-controlling interests	-	-48	1 969	1 559
Shareholders' interests	232 644	41 532	176 993	48 767
Basic earnings per share NOK	0,71	0,16	0,63	0,18
Diluted earnings per share NOK	0,67	0,16	0,59	0,18
Average number of shares in the period	328 633 347	266 149 831	281 727 913	266 149 831
Number of shares outstanding at period end	439 149 831	266 149 831	439 149 831	266 149 831

* Restated to reflect accounting impact the disposal of Vallhall in Q4 20

Consolidated condensed statement of financial position

NOK 1000	31.12.2020	31.12.2019
	(unaudited)	(audited)
ASSETS
Non-current assets
Associates (note 5)	30 003	-
Available-for-sale financial assets (note 3)	276 447	215 343
Fixed assets (note 4)	16	90 008
Receivables	-	340
Total non-current assets	306 465	305 691
Current assets
Other current assets	385	1 333
Financial assets at fair value through profit and loss	-	42 859
Restricted cash (Note 8)	85 000	-
Cash and equivalents	391 113	87 684
Total current assets	476 497	131 876
TOTAL ASSETS	782 963	437 567
EQUITY AND LIABILITIES
Equity
Share capital	4 391	2 661
Other equity	1 059 771	819 655
Total paid-in-capital	1 064 163	822 316
Accumulated losses	-291 798	-468 791
Other components of equity	-	-2 648
Non-controlling interests	-	20 156
Total equity	772 365	371 032
LIABILITIES
Non-current liabilities
Long-term interest bearing debt	-	55 000
Other non-current liabilities (note 7)	5 922	-
Deferred tax	-	278
Total non-current liabilities	5 922	55 278
Current liabilities
Short-term interest bearing debt	-	4 000
Tax payable	-	55
Other current liabilities and accruals	4 676	7 201
Total current liabilities	4 676	11 257
Total liabilities	10 598	66 535
TOTAL EQUITY AND LIABILITIES	782 963	437 567

Consolidated condensed cash flow statement

NOK 1000	Jan-Dec 2020	Jan-Dec 2019
	(unaudited)	(audited)
Net profit/(-loss) from continuing operations	155 974	46 878
Profit (loss) from discontinuing operations (note 6)	22 988	3 449
Profit before tax total operations	178 962	50 326
Gain on disposal of discontinued business	-19 389	-
Tax in discontinued business		72
Options and share program	6 144	-
Depreciation	1 036	3 262
Net loss/(-gain) from AVA asset	-172 888	-57 666
Foreign exchange losses/(gains)	-5	0
Interest paid	-	971
Interest received	-25	-1 225
Income tax paid	-55	-90
Increase/decrease receivables and prepayments	-275	-253
Increase/decrease payables and accruals	299	175
Net cash flow from operating activities	-6 196	-4 429
Investment in associates	-30 003	-
Investment in AVA Financial assets	-62 551	-5 292
Divestment in AVA Financial assets	175 701	-
Net divestment/(-investment) trading	39 210	-38 782
Dividends received	2 284	-
Net cash effect disposal of subsidiaries	28 783	-
Receivable	340	-340
Interest received	25	1 225
Investment in fixed assets	-	-1 449
Net cash flow from investing activities	153 789	-44 638
Share issue net of costs*	212 503	-
Repayments of long term borrowings	-1 000	-4 000
Interest paid	-	-971
Dividends paid to non-controlling interests	-2 442	-1 583
Distributions to controlling interests	-53 230	-
Net cash flow from financing activities	155 831	-6 553
Net change in cash and cash equivalents	303 424	-55 620
Cash and equivalents at beginning of period	87 684	143 304
Net foreign exchange differences (unrealised)	5	-0
Cash and equivalents at end of period	391 113	87 684

* Excluding Share issue of net MNOK 85, as completed 29 December, classified as restricted cash. Note 8.

Consolidated condensed statement of changes in equity

Jan-Dec 2020 (Unaudited) NOK 1000	Issued capital	Other equity	Accumulated losses	Other reserves	Non controlling interests	Total
Equity as at 1 January 2020	2 661	819 655	-468 791	-2 648	20 156	371 032
Net profit/(-loss) continuing operations	-	-	155 974		-	155 974
Net profit/(-loss) discontinuing operations			21 019		1 969	22 988
Total comprehensive income	-	-	176 993	-	1 969	178 962
Dividends to controlling interests		-53 230				-53 230
Dividends to non controlling interests					-2 442	-2 442
Disposal of minorities		-2 648		2 648	-19 683	-19 683
Share issue	1 730	301 370				303 100
Share issue costs		-5 597				-5 597
Options and share program (note 7)		222				222
Equity per ending balance 31 December 2020	4 391	1 059 771	-291 798	-	0	772 365

Jan-Dec 2019 (Audited) NOK 1000	Issued capital	Other equity	Accumulated losses	Other reserves	Non controlling interests	Total
Equity as at 1 January 2019	2 661	819 655	-517 559	-2 648	20 179	322 288
Net profit/(-loss)	-	-	48 767		1 559	50 326
Total comprehensive income	-	-	48 767	-	1 559	50 326
Dividends to non controlling interests					-1 583	-1 583
Equity per ending balance 31 December 2019	2 661	819 655	-468 791	-2 648	20 156	371 032

Notes to the financial statements

Note 1 – Basis for preparation

The Company's condensed interim financial statements have been prepared in accordance with IAS 34 Interim Financial Reporting as approved by the EU and requirements in the Norwegian Securities Trading Act. This condensed interim financial statement for the fourth quarter is approved by the Board of Directors on 16 February 2021.

The accounting policies applied in the preparation of the condensed interim financial statements are consistent with those presented in the Annual Report of 2019.

Foreign currency

The financial statements are presented in NOK. NOK is also the functional currency for the Company.

Note 2 – Operating Segments

Management monitors the net income from investments in financial assets and liabilities. Activity in the Vallhall segment is disposed during the quarter and is presented as discontinued operation. References are made to note 6 for further specification of the gross figures for the discontinued property-segment.

		Investment			Vallhall			Other			Total
Segment	Oct	Jan	Jan	Oct	Jan	Jan	Oct	Jan	Jan	Oct	Jan	Jan
information	Dec	Des	Dec	Dec	Des	Dec	Dec	Des	Dec	Dec	Des	Dec
NOK 1000	2020	2020	2019	2020	2020	2019	2020	2020	2019	2020	2020	2019
Income
Net gain/loss on
investments	224 976	174 476	57 666							224 976	174 476	57 666
Total income	224 976	174 476	57 666	-	-	-	-	-	-	224 976	174 476	57 666
Operating expenses
- excluding loss in
investments	11 905	19 329	12 015	-	-	-				11 905	19 329	12 015
Net operating profit/loss from
continuing
operations	213 071	155 147	45 652	-	-	-	-	-	-	213 071	155 147	45 652
Profit (loss) from
discontinuing
operations (note 6)				19 389	22 988	3 449				19 389	22 988	3 449
				31	31	31		31	31
	31 Dec	31 Dec	31 Dec	Dec	Dec	Dec	31 Dec	Dec	Dec	31 Dec	31 Dec	31 Dec
	2020	2020	2019	2020	2020	2019	2020	2020	2019	2020	2020	2019
Assets	782 963	782 963	335 276	-	-	102 291	-		-	782 963	782 963	437 567
Liabilities	10 598	10 598	4 610	-	-	61 925	-		-	10 598	10 598	66 535

Note 3 – Available-for-sale financial assets

NOK 1000	31 Dec 2020	31 Dec 2019
At 1 January	215 343	156 462
Additions	62 551	5 292
Unrealized gain/loss	205 539	53 589
Disposals	-206 987	-
Total	276 447	215 343

Available-for-sale financial assets include the following:

	Fair value hierarchy	31 Dec 2020	31 Dec 2019
Listed shares	Level 1	276 447	208 249
Non-listed shares	Level 2	-	7 094
Total		276 447	215 343

In addition to the Available-for-sale financial assets, the Group also had investments at fair value, which as per 31 December been has been disposed. These investments contributed with a gain of 1.6 million in the fourth quarter.

The Groups investment through private placement in Horisont Energi, as announced 30 December 2020, is not reflected in the financial statement. Although the allocation was disclosed in 2020, the placement was not completed until January 2021.

The entire change in available-for-sale financial assets during the quarter relates to financial instruments that fall within the level 1 category of the fair value hierarchy. The fair value hierarchy is described below.

Fair value hierarchy

The Group uses the following hierarchy for determining and disclosing the fair value of financial instruments by valuation technique:

• Level 1: Quoted (unadjusted) prices in active markets for identical assets or liabilities.
• Level 2: Other techniques for which all inputs that have a significant effect on the recorded fair value are observable, either directly or indirectly.
• Level 3: Techniques that use inputs that have a significant effect on the recorded fair value that are not based on observable market data, for example discounted cash flow technique.

The financial assets are denominated in NOK and are measured at fair value. Listed shares are valued at values quoted in active markets as of 31 December 2020.

2020 NOK 1000	Buildings	Machinery & equipment	Capitalized costs - work in progress	Land	Total
Acquisition cost, opening balance 01.01.20	100 568	4 827	38	199	105 632
Disposal as part of discontinued business (note 6)	-100 568	-4 756	-38	-199	-105 561
Acquisitions during the period	-	-	-	-	-
Disposals during the period	-	-	-	-	-
Acquisition cost at 31.12.20	0	72	-	-	72
Accumulated depreciation, opening balance 01.01.20	-14 015	-1 610	-	-	-15 625
Disposal as part of discontinued business (note 6)	14 015	1 578	-	-	15 593
Depreciation	-	-24	-	-	-24
Accumulated depreciation disposed assets	-	-	-	-	-
Accumulated depreciation at 31.12.20	-	-56	-	-	-56
Net book value at 31.12.20	0	16	-	-	16

Note 4 – Fixed assets

2019 NOK 1000	Buildings	Machinery & equipment	Capitalized costs - work in progress	Land	Total
Acquisition cost, opening balance 01.01.19	99 141	4 806	38	199	104 184
Acquisitions during the period	1 427	22	-	-	1 449
Disposals during the period	-	-	-	-	-
Acquisition cost at 31.12.19	100 568	4 827	38	199	105 632
Accumulated depreciation, opening balance 01.01.19	-10 853	-1 510	-	-	-12 363
Depreciation	-3 161	-100	-	-	-3 262
Accumulated depreciation disposed assets	-	-	-	-	-
Accumulated depreciation at 31.12.19	-14 015	-1 610	-	-	-15 625
Net book value at 31.12.19	86 553	3 217	38	199	90 008

Note 5 – Investment in associate

The Group acquired a 21.43% interest in the unlisted company Bergen Carbon Solutions AS. The ownership was acquired through subscription of shares in an equity issue, whereas the allocation was made 18 December.

Bergen Carbon Solutions is using carbon dioxide to produce carbon nanofibers, hence a CO2 negative production of nanofibers. This is a new technology, and the main operations are relating to the development of the equipment and technology for this type of production, and the up-scaling of the equipment. The main assets of the company is therefore related to the technology, know-how and prototype, hence, intangible assets. Since the Company is in a development phase, and development expenses are capitalized and the fact that the interest was allocated ultimo December, no share of the profit and loss of the company has been allocated to the Group for the financial year of 2020, due to the late date of the acquisition.

The Group also has an option for subscription of additional shares, increasing the ownership to 34.24 % within nine months of the initial acquisition, at a 10 % increased subscription price compared to the initial acquisition. Since the transaction occurred ultimo December 2020, no fair value adjustment is made to the option.

NOK 1000	Bergen Carbon Solutions AS
	2020
Current assets	40 694
Non-current assets	3 003
Current liabilities	-3 350
Non-current liabilities	-1 500
Equity	38 847
Groups share of equity (21,43%)	8 324
Research and development	21 679
Carrying amount, 31 December 2020	30 003

Note 6 – Discontinued operations

All shares in Vallhall was sold to Tycoon Industrier AS according to agreement of 19 October 2020. As the transaction was considered as a related party transaction, the sale was approved by the Extraordinary General Meeting 10 November. The Vallhall business is classified as Discontinued Operations in the Income Statement. The 2019 Income Statement has been restated accordingly for increased comparability.

The sale was made based on an enterprise value of NOK 120 million, resulting in a final sale-price of NOK 38.3 million for the share of Vallhall held by Saga, and a net profit of 19.4 million.

Specification of Net profit/(-loss) from discontinuing operations:

NOK 1000	Oct-Dec 2020	Oct-Dec 2019	Jan-Dec 2020	Jan-Dec 2019
Other Income	-	5 137	13 188	20 112
Operating revenues	-	5 137	13 188	20 112
General administrative expenses	-	3 676	5 863	11 258
Depreciation	-	989	2 375	3 238
Operating expenses	-	4 665	8 238	14 496
Operating profit/(-loss)	-	473	4 950	5 616
Interest income	-	40	-	40
Interest expense	-	-572	-1 353	-2 136
Other financial items	-	0	2	0
Net financial items	-	-532	-1 351	-2 096
Taxes	-	72	-	72
Profit at disposal 19 Oct. 2020	19 389	-	19 389	-
Net profit/(-loss) from discontinuing operations	19 389	-131	22 988	3 449
Attributable to:
Non-controlling interests	-	-48	1 969	1 559
Shareholders' interests	19 389	-83	21 019	1 889

Net cash flows in discontinued business:

NOK 1000	2020	2019
	(unaudited)	(unaudited)
Operating	4 554	6 929
Investing	-	-1 449
Financing	-6 400	-7 500
Net cash (outflow)/inflow	-1 846	-2 019

Note 7 – Options and share program

An equity settled option and share program has been initiated in Q4 towards certain key employees. Total cost for the option in the quarter was NOK 6.1 million, whereas 5.9 million in Social security reserves. The current vesting periods of the program is ending in the period between 19 April 2022 and 19 October 2023. At initial recognition, the fair value of the options, as estimated by the Black-Scholes model, are straight-lined through the vesting period as General administrative expenses with corresponding entry against other paid in equity. Since the options are equity settled, no subsequent measurement is required under IFRS. Social security expenses are accrued for if the options are in the money, and the accrual for social security expenses will be updated quarterly, based on development in the share price. An increase in share price, will increase the value of the options, hence increase the social security expenses.

Note 8 – Restricted cash

The Group had 85 million as short-term restricted cash as per end of 2020. The cash relates to the net cash of the private placement of 30 million shares at 2.9 NOK per shares, as registered at 30 December 2020. The cash was released from the deposited account at 4 January 2021.

Note 9 – 20 largest investors

	Name	Shares	Of total shares
1	*ØYSTEIN STRAY SPETALEN	172 841 799	39,36 %
2	*TYCOON INDUSTRIER AS	25 550 00	5,82 %
3	**SIMONSEN INVEST AS	17 618 667	4,01 %
4	DALLAS ASSET MANAGEMENT AS	9 187 461	2,09 %
5	NORDNET LIVSFORSIKRING AS	6 595 429	1,50 %
6	PÅL KRISTIAN AASEN	5 866 000	1,34 %
7	AS TANJA	5 745 000	1,31 %
8	TORSTEIN INGVALD TVENGE	5 117 841	1,17 %
9	MELCHER HOLDING AS	4 000 000	0,91 %
10	SONGA CAPITAL AS	3 723 500	0,85 %
11	BORGEN INVESTMENT GROUP NORWAY AS	3 500 000	0,80 %
12	FRØILAND INVEST AS	3 454 554	0,79 %
13	Nordnet Bank AB	3 206 740	0,73 %
14	TIGERSTADEN AS	2 750 000	0,63 %
15	OLA STORMYR HOLDING AS	2 639 242	0,60 %
16	SPAR KAPITAL INVESTOR AS	2 515 016	0,57 %
17	HEGE BAKKEN	2 211 580	0,50 %
18	UTHALDEN AS	2 143 568	0,49 %
19	GIRONDE AS	2 113 000	0,48 %
20	***HANEKAMB INVEST AS	2 000 000	0,46 %
	Total	282 779 397	64,39 %
	Total outstanding shares	439 149 831	100,00 %

* Board member/controlled by Board member Øystein Stray Spetalen

** Controlled by Bjørn Simonsen, CEO of Saga Pure

***Controlled by Martin Nes, Chairman of the Board

The table of the largest shareholders have been extracted from the Central Securities Depository (VPS) as per 30 December 2021. 153.000.000 of the issued new share where non-tradeable pending the approval of Prospectus for listing of new shares. These shares were not included in the extraction from VPS as they at year end had a temporary identification number (ISINR). These shares have added manually to their legal owner in the table above in order to reflect the total outstanding shares as registered in The Register of Business Enterprises (Brønnøysundregistrene) per 31 December. The new shares were merged with the old shares, and became tradeable at 12 January when the prospectus was approved by the Financial Supervisory Authority (Finanstilsynet).

Note 10 – Subsequent events

At 8 January 2021 the 30,000,000 shares of the private placement as initiated on 29 December 2020, was registered in The Register of Business Enterprises (Brønnøynsundregistrene). At NOK 4.10 per share this raised a gross equity of 123 million.

At 12 January 2021 the listing prospectus was approved by the Financial Supervisory Authority (Finanstilsynet), whereby 183,000,000 of the issued shares became tradable, bringing the total number of tradeable shares in Saga Pure up to 469,149,831.

27 January the Company filed application for transfer of listing from Euronext Expand to Oslo Børs.

At 28 January the three subsequent offerings where completed at share prices of NOK 2.10 NOK 2.90 and NOK 4.10. The subsequent offerings raising a gross equity of NOK 26 million, by issuing 9,728,592 new share. Total number of outstanding shares after the subsequent offers where 478,878,423.

Title: Saga Pure Q4 2020 Report Saga Pure ASA

Published date: 17 February 2021

info@saga-pure.com

Sjølyst Plass 2, 0278 Oslo, Norway

The publication can be downloaded on saga-pure.com