NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, JAPAN, THE HONG KONG SPECIAL
ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR THE
UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE
UNITED STATES OF AMERICA AND THE DISTRICT OF COLUMBIA) (THE "UNITED STATES") OR
ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD
BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE
SECURITIES DESCRIBED HEREIN.
Oslo, 14 June 2023: Reference is made to the stock exchange announcement
published on 14 June 2023 regarding the contemplated private placement (the
"Private Placement") in Elektroimportøren AS ("Elektroimportøren" or the
"Company").
Elektroimportøren is pleased to announce that a total of 5,200,000 new shares
(the "Offer Shares") have conditionally allocated in the Private Placement at a
subscription price of NOK 23 per Offer Share (the "Offer Price"), raising gross
proceeds of approximately NOK 120 million. The Private Placement was
oversubscribed.
DNB Markets, as part of DNB Bank ASA, acted as sole manager for the Private
Placement ("Manager").
The net proceeds from the Private Placement shall be used to (i) strengthen the
balance sheet and (ii) secure financing for ongoing growth initiatives primarily
focusing on marketing and sales of the SpotOn service, solar products,
establishment of new stores and growth in the Swedish market.
Completion of the Private Placement is subject to (i) that the extraordinary
general meeting of the Company (the "EGM") resolves the Private Placement and
issuance of the Offer Share and (ii) registration of the capital increase
pertaining to the Private Placement with the Norwegian Register of Business
Enterprises (the "Conditions"). The Company intends to give notice to an EGM to
be held on or about 22 June 2023 to deal with the matter.
The following primary insiders and close associates of primary insiders have
applied for and conditionally been allocated new shares in the Private
Placement, which will be regarded as PDMR/PCA trades under the Market Abuse
Regulation (EU):
o Aeternum Capital AS, a close associate of board member Gaute Gillebo, has been
allocated 2,173,913 Offer Shares, and will subject to completion of the Private
Placement own 5,742,824 shares (21.4%) in the Company