StrongPoint - Regulatory Filings 2020

StrongPoint announces closing of Divestment of Cash Security business, December 23, 2020

23.12.2020 18:46:16 CET | StrongPoint | Additional regulated information

required to be disclosed under the laws of a member state

Reference is made to the announcement made on December 18, 2020 by StrongPoint

ASA ("StrongPoint", ticker: STRO) concerning the divestment of Cash Security

business area to Cennox Ltd. StrongPoint today announces that the first phase of

the divestment was completed on December 23 2020. The transaction includes a

performance-based earn-out for the years 2021-2023, and the final payment is

expected in January 2024. The divestment follows StrongPoint's 2025 growth

strategy to focus on instore and e-commerce retail technology.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,

ATTACHMENTS

* Download announcement as PDF.pdf

[https://kommunikasjon.ntb.no/ir-files/17847450/232/278/Download%20announceme

nt%20as%20PDF.pdf]

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