Oslo, 24 June 2025
Reference is made to the stock exchange announcement by Standard Supply AS
("STSU" or the "Company") published on 19 June 2025 regarding the completion of
a private placement through issuance of 1,481,481 new shares (the "Private
Placement" and the "New Shares"). The Private Placement will be settled in two
tranches. Settlement for the first tranche of issuance of 938,631 New Shares
("Tranche 1") has taken place today, on 24 June 2025, and settlement for the
second tranche of 542,850 New Shares is to be issued following approval by an
extraordinary general meeting of the Company expected to be held on or about 8
July 2025 (the "EGM") ("Tranche 2"). Reference is also made to the stock
exchange announcement published by the Company on 19 June 2025 regarding the
biggest shareholder in the Company, S.D. Standard ETC Plc ("SDSD") and their
allocation of 277,777 New Shares in the Private Placement, for a total
subscription amount of approximately NOK 7.5 million.
Following the settlement of Tranche 1, SDSD will hold a total of 1,178,837
shares in the Company, representing approximately 41.9% of the outstanding
shares and voting rights, thereby falling below the major holding 50% ownership
threshold for disclosure of large shareholdings.
This information is subject to the disclosure requirements set out in section
4.3.1 of the Euronext Growth Markets Rule Book Part I.
For further information, please contact:
CEO Eldar Paulsrud
Tel: +47 48 16 55 99
E-mail: eldar@ferncliff.no
Web: standard-supply.com