Reference is made to the stock exchange notice byOtovo ASA (the "Company") on9 November 2023 regarding the conditional completion of a private placement of 130,434,782 new shares (the "Private Placement") and the resolution by the Company's extraordinary general meeting on1 December 2023 to issue the new shares in the Private Placement. The share capital increase pertaining to the issuance of new shares in the Private Placement has today been registered with theNorwegian Register ofBusiness Enterprises (Nw. Foretaksregisteret). The Company's new share capital isNOK 2,792,245.80 , divided into 279,224,580 shares, each with a nominal value ofNOK 0.01 . Andmar Operations AS owns 8,664,610 shares in the Company, which prior to completion of the Private Placement, was equal to approx. 5.82% of the total share capital and votes in the Company. Following completion of the Private Placement, in which Andmar Operations AS did not participate, Andmar Operations AS has passively crossed below the 5% threshold. Andmar Operations AS has a holding corresponding to 3.10% of the total share capital and votes following registration of the share capital increase pertaining to the Private Placement. These disclosures are made pursuant to sections 5-12 and 4-2 (respectively) of the Norwegian Securities Trading Act. * * * 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.
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