SoftOx Solutions AS — Share Issue/Capital Change 2024

Sep 17, 2024

SoftOx Solution AS: Capital Increase resolved by the Board

SoftOx Solution AS: Capital Increase resolved by the Board

Reference is made to the successfully contemplated rights issue in Softox Solutions AS (the "Company"). As earlier announced, the underwriters of the rights issue will receive a guarantee commission of 10 % on the secured sum of NOK 22 500 000, allocated proportionally based on each underwriter's guaranteed amount.

The Company also has outstanding amounts to two former employees, Geir Almås and Christian Harstad, following settlements regarding the termination of their contractual relationship with the Company. Both Almås and Harstad have consented to receive part of their owed remuneration in the form of new shares in the Company.

For more information, please see the stock exchange announcements published by Company on August 12, 2024.

Additionally, the Company has resolved a dispute amicably with a former consultant concerning patent application disagreements. As per the settlement, the consultant is to be compensated with new shares in the Company at their nominal value.

The Company, along with the aforementioned claimants, has agreed to settle these obligations by converting the outstanding amounts into new shares in the Company.

Consequently, the Board of Directors, pursuant to authorization granted at the Company's Extraordinary General Meeting on 31st of August 2024, has decided to issue 196 976 042 new shares in favor of the aforesaid persons.

The subscription prices for the new shares, as determined by individual agreements with the aforementioned claimants, are as follows:

•112 500 000 shares at NOK 0,02 per share

•58 326 042 shares at NOK 0,0234 per share

•9 900 000 shares at NOK 0,0234 per share

•16 250 000 shares at NOK 0,04 per share

The total subscription amount in the capital increase is NOK 4,496,489.39.

Following registration of the share capital increases pertaining to the issuances of new shares, the share capital will be NOK 39 025 078,84 divided into 1 951 253 942 shares, each with a nominal value of NOK 0.02.

About SoftOx Solutions AS

SoftOx Solutions AS (SoftOx) is a Medtech and pharmaceutical company listed on Euronext Growth Oslo under 'SOFTX'. SoftOx Solutions AS was founded in 2012 and is headquartered in Oslo. The SoftOx Solutions Group includes the holding company SoftOx Solutions AS, the Malmö subsidiary Water Innovation AB (WIAB), and subsidiaries SoftOx Defense Solutions AS and SoftOx Disinfection AS. SoftOx is developing a highly effective antimicrobial solution for use in biofilm, viral, and antimicrobial-resistant infections. The patent-protected technology is based on extensive research and development in partnership with leading Nordic research institutes.

For more information on SoftOx, visit www.soft-ox.com