SoftwareONE Holding AG — M&A Activity 2021

Jul 9, 2021

Ørn Software Holding AS (ORN): Closing of acquisition of Rapal

Ørn Software Holding AS (ORN): Closing of acquisition of Rapal

9.7.2021 11:29:24 CEST | Ørn Software Holding AS | Additional regulated

information required to be disclosed under the laws of a member state

Reference is made to the stock exchange notice from Ørn Software Holding AS

("Ørn" or the "Company" on 25 June 2021 regarding the Company entering into an

agreement to acquire the Finnish Real Estate Software-as-a-Service company Rapal

Oy ("Rapal").

Ørn has today closed the acquisition of all of the shares in Rapal. The purchase

price in the transaction was settled with cash, issuance of new shares in the

Company and a deferred earn-out payment (that may become payable upon

satisfaction upon certain conditions). To ensure delivery of the new shares to

the sellers of Rapal, the Board of Directors has, pursuant to an authorization

granted by the Company's general meeting, resolved to increase the share capital

with NOK 646,298 through the issuance of 6,462,980 new shares, each share with a

par value of NOK 0.10.

The sellers of Rapal will be subject to a lock-up on the consideration shares

received for a period of 12 months from today's date.

Following registration of the share capital increase with the Norwegian Register

of Business Enterprises, the Company will have a share capital of NOK

9,439,853.70 divided by 94,398,537 shares, each with a par value of NOK 0.10.

DISCLOSURE REGULATION

?This information is such that Ørn Software Holding AS is required to disclose

in accordance with the EU Market Abuse Regulation.

?This information was submitted for publication by the Company's CFO, Vidar

Andre Løken.

CONTACTS

* Sten-Roger Karlsen, CEO Ørn Software, +47 922 62 321, srk@ornsoftware.com

* Vidar Andre Løken, CFO Ørn Software, +47 952 60 926, val@ornsoftware.com

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.

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847696/705/907/Download%20announcement%2

0as%20PDF.pdf