Oslo ,1 December 2023 : Reference is made to the stock exchange notice byOtovo ASA ("Otovo " or the "Company") on9 November 2023 regarding the conditional completion of a private placement of 130,434,782 new shares at a subscription price ofNOK 3.45 per share (the "Offer Price "), raising gross proceeds of approx.NOK 450 million (the "Private Placement"). Reference is further made to the resolution by the Company's extraordinary general meeting held today,1 December 2023 , to increase the Company's share capital by issuance of the new shares in the Private Placement. The following close associates ofOtovo's primary insiders have been allocated shares in the Private Placement at the Offer Price: - Å Energi Invest AS, a close associate of board member Tor Øystein Repstad, has been allocated 77,620,908 shares; -AxSol AB , a close associate of board memberJacob Wall and board observer Marie Fossum Strannegård, has been allocated 30,144,927 shares; and -OBOS BBL , a close associate of board memberIngunn Randa , has been allocated 1,449,276 shares. Prior to completion of the Private Placement,AxSol AB owns 38,489,971 shares and Å Energi Invest AS owns 10,111,673 shares in the Company, equal to approx. 25.87% and approx. 6.79%, respectively, of the outstanding shares and votes in the Company. Following completion of the Private Placement, Å Energi Invest AS will own 87,732,581 shares, representing approx. 31.42% of the outstanding shares and votes in the Company after registration of the share capital increase pertaining to the Private Placement. Å Energi Invest AS has thereby exceeded the 25% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act. Furthermore, following completion of the Private Placement,AxSol AB will own 68,634,898 shares, representing approx. 24.58% of the outstanding shares and votes in the Company after registration of the share capital increase pertaining to the Private Placement.AxSol AB has thereby crossed below the 25% threshold pursuant to section 4-2 of the Norwegian Securities Trading Act. Please see the attached forms in accordance with article 19 of the Market Abuse Regulation. * * * AboutOtovo : For homeowners,Otovo is the easiest way to get solar panels on the roof, and batteries in the home.Otovo is a marketplace that organises hundreds of local, vetted, high quality energy installers. The company uses its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers. Follow us on investor.otovo.com for reports, financial calendar, contact details and more. This information is subject to the disclosure requirements pursuant to the Market Abuse Regulation (EU) 596/2014 article 19 number 3 and sections 4-2 and 5-12 of the Norwegian Securities Trading Act.
Click here for more information
© Oslo Bors ASA, source