Elektroimportøren AS: Cancellation of Repair Issue
Reference is made to the stock exchange notice published on 14 June 2023,
regarding successful completion of the private placement of 5,200,000 new shares
(the "Private Placement") in Elektroimportøren AS ("Elektroimportøren" or the
"Company") and a repair issue of up to 869,565 new shares with non-tradable
subscription rights directed towards eligible shareholders (the "Repair Issue").
As stated in the release, the Board of Directors could resolve to cancel the
Repair Issue if the prevailing market price of the Company's share is lower than
NOK 23 per share, allowing the shareholders to reduce the dilutive effect of the
Private Placement by acquiring shares in the open market at similar price.
Following the announcement of the Private Placement, the Company's shares have
traded with sufficient trading volume below the subscription price of NOK 23 per
share. Consequently, existing shareholders who have wished to reduce the
dilutive effect of the Private Placement have thus had the opportunity to
acquire shares in the market at prices below the subscription price in the
Repair Issue. On this basis, the Board of Directors has resolved to cancel the
Repair Issue, inter alia to save unnecessary costs and resources.
For more information, please contact:
CFO Elektroimportøren AS
+47 959 34 619
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.