Limassol, June 17, 2022
Reference is made to the stock exchange notice from S.D. Standard ETC PLC on 13
June 2022 regarding the commencement of an offer by Standard Supply AS
("Standard Supply") to acquire shares in Northern Supply AS ("Northern Supply")
(the "Offer").
The acceptance period for the Offer expired on 15 June 2022 at 16:00 CEST.
Standard Supply has received acceptances corresponding to the ambition to
achieve a total ownership of 51% in Northern Supply AS.
In order to settle the Offer, Standard Supply will pay an aggregate purchase
price of NOK 38.4 million to shareholders who wished to receive cash settlement
and issue a total of 9,708,898 new shares as consideration to shareholders who
wished to receive share settlement under the Offer. The consideration shares
will be delivered on or about the first date of listing of Standard Supply's
shares on Euronext Growth Oslo.
After the issue of 9,708,898 shares in Standard Supply AS, S.D Standard ETC Plc
will have an ownership of 70%.
For further information please contact: Chairman of the Board Martin Nes at +47
92 01 48 14
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