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SoftwareONE Holding AG Director's Dealing 2021
977_dirs_2021-04-28_29cbfaa1-a7ca-427f-8390-abe3c8375e67.pdf
Director's Dealing
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Ørn Software Holding AS (ORN): Notifiable transaction relating to end of stabilisation period
28.4.2021 14:12:53 CEST | Ørn Software Holding AS | Mandatory notification of trade primary insiders
NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, RELEASE OR REPUBLICATION WOULD BE UNLAWFUL.
Reference is made to the stock exchange notice of 28 April 2021 regarding end of the stabilisation activities undertaken following Ørn Software Holding AS' (the "Company") private placement (the "Offering") and admission to trading on Euronext Growth, and the partial exercise of a greenshoe option granted by Viking Venture 11 AS, Viking Venture 11B AS and Breiangen AS (the "Share Lenders") to Pareto Securities AS (the "Stabilisation Manager"), on behalf of Pareto Securities AS and ABG Sundal Collier ASA (the "Managers").
In relation to the above, Viking Venture 11 AS and Viking Venture 11B AS (close associates of Chairman Joar Welde and Board member Erik Fjellvær Hagen) have sold 669,830 and 525,992 shares, respectively, to the Stabilisation Manager. Further, Viking Venture 11 AS and Viking Venture 11B will receive 886,947 and 696,484 shares, respectively, purchased through stabilisation activities in order to settle the shares lent out to the Stabilisation Manager pursuant to the share lending and greenshoe option agreement entered into between the Company, the Share Lenders and the Managers in connection with the Offering. Further details are available in the attached forms.
Following such sales, funds managed by Viking Venture AS will hold a total of 30,268,889 shares in Ørn Software Holding AS, corresponding to 35.22% of the currently outstanding shares in the Company.
Disclosure regulation
This information is such that Ørn Software Holding AS is required to disclose in accordance with the EU Market Abuse Regulation.
Contacts
- Sten-Roger Karlsen, CEO Ørn Software, +47 922 62 321, [email protected]
- Vidar Andre Løken, CFO Ørn Software, +47 952 60 926, [email protected]
About Ørn Software Holding AS
Ørn Software is a Nordic provider of SaaS solutions enabling efficient operations and maintenance across a wide range of asset-heavy industries, including real estate, manufacturing, food & beverages, and aquaculture.
The Group's software provides customers with improved insight through data-driven operations and contributes to increased efficiency and reduced costs through digitalization of rental processes, data-driven maintenance scheduling and energy optimization. All of the above contribute to the lengthening of property and equipment lifespan, a key component of Ørn Software's value proposition. Furthermore, the Group's offering enables customers to reduce their environmental footprint and provides digital tools to meet reporting and regulatory requirements.