Reference is made to the stock exchange notice by Nordic Semiconductor ASA on
July 8, 2022 where it was communicated that Nordic Semiconductor ASA would
acquire Mobile Semiconductor Inc. for an undisclosed sum. Completion of the
acquisition was dependent on among other US Governmental approval. The necessary
approvals have now been obtained and on March 9, 2023 the acquisition has been
closed.
Part of the consideration is delivered in Nordic Semiconductor ASA shares. A
total of 312,843 shares at a value per share of NOK 153.51 will be delivered to
shareholders of Mobile Semiconductor Inc., constituting a total consideration of
NOK 48,024,529 (USD 4,500,000) in Nordic Semiconductor ASA shares. 218,348
shares have been transferred at closing whilst the remaining 94,495 shares will
be held back for up to three years and are dependent on satisfaction of certain
conditions.
In total 312,843 treasury shares will be used and the balance of treasury shares
post the transaction is 893,670.
For further information, please contact: Pål Elstad, CFO
[email protected] +47 99 166 293
This information is subject to the disclosure requirements in Regulation EU
596/2014 (MAR) article 19 number 3 and the Norwegian Securities Trading Act § 5
-12.
Nordic Semiconductor is a manufacturer of electronic components. The company develops integrated solutions for ULP (Ultra-Low Power), a technology used in short-range wireless communication. The company's products are used as components in electronic products, usually as peripherals in computers, game controls, and remote controls. Nordic Semiconductor was established in 1983 and is headquartered in Oslo.