Zaptec AS — Major Shareholding Notification 2021

Feb 16, 2021

ZAP - Disclosure of shareholding and notification of trade

ZAP - Disclosure of shareholding and notification of trade

Stavanger, 16 February 2021. Reference is made to the stock exchange notice dated 15 February 2021 regarding a contemplated secondary sale of shares in Zaptec AS ("Zaptec" or the “Company”). Valinor AS (“Valinor”) has today sold 7,424,432 shares representing 9.98 per cent of the share capital in the Company, at a price of NOK 60.00 per share. The shares were sold through an accelerated bookbuilding process managed by ABG Sundal Collier ASA.

After the transaction, Valinor owns 10,000,000 shares in Zaptec, representing 13.44 per cent of the share capital in the Company. Valinor is represented on the board of directors in the Company by Pål Selboe Valseth. Valinor has entered into a customary lock-up agreement valid for 180 days for its remaining shares in the Company.