22.6.2026 20:30:02 CEST | Nekkar ASA | Additional regulated information required
to be disclosed under the laws of a member state
Kristiansand, 22 June 2026 - Nekkar ASA (Nekkar) has exercised the call option
to acquire Frøya Invest AS' (referred to as BEVEST hereafter) 40.43 percent
shareholding in FiiZK AS (FiiZK). With the call option, Nekkar's ownership in
FiiZK increases from approximately 46 percent to approximately 86 percent, and
Nekkar now controls approximately 90 percent of outstanding voting shares in
FiiZK.
According to the shareholder agreement dated 19 September 2023, the exercise
price for the BEVEST shareholding is NOK 55.1 million, equal to NOK 0.10 per
FiiZK share. It was settled on 22 June in Nekkar consideration shares delivered
from treasury at a price per share equal to the 30-day volume-weighted average
price (VWAP) of NOK 15.09. The consideration corresponds to 3,649,079 Nekkar
shares.
Nekkar will also take over an existing shareholder loan, from BEVEST to FiiZK,
through delivery of additional 925,177 Nekkar shares from treasury, equal to NOK
14.0 million. The total consideration to BEVEST for the call option shares and
the loan settlement amounts to approximately NOK 69.0 million, settled through
delivery of a total 4,574,256 Nekkar shares from treasury (approximately 4.3
percent of Nekkar's issued share capital).
Nekkar plans to acquire the remaining minority shareholdings in FiiZK on
equivalent terms, subject to dialogue with the relevant shareholders.
Following completion of the BEVEST acquisition, Nekkar will hold a controlling
interest in FiiZK and consolidate FiiZK in its group accounts.
BEVEST has sold the Nekkar consideration shares it received to new investors
through an orderly placement that has been executed as of today. BEVEST is a
long-term, industrial owner and this planned sale reflects a re-allocation from
what for BEVEST would be a financial position in Nekkar to other projects and to
strengthen their industrial platform. The BEVEST acquisition further underlines
the planned transition to full Nekkar ownership of FiiZK.
"FiiZK is the leading closed containment provider having delivered 24 systems
and produced over 100 million post-smolt with superior biological effects. The
recent delivery of two Protectus closed containment systems to Mowi combined
with additional four in the order book demonstrates the trust in FiiZK as a
leader in a growing closed containment market. We have appreciated the support
and effort from BEVEST in developing FiiZK to where it is today" says Ole Falk
Hansen, CEO of Nekkar ASA and Chairman of FiiZK.
DISCLOSURE REGULATION
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
CONTACTS
* Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com
ABOUT NEKKAR ASA
Nekkar (OSE: NKR) is an industrial long-term owner of ocean-based technology
companies. The company invests in and develops technology businesses within
sustainable oceans, robotics and intelligent logistics, and digital solutions.
With a 50-year industrial heritage from Syncrolift, Nekkar applies an active
buy-to-own strategy to build long-term value. The group supports empowered
operating companies with a strong balance sheet and reinvests strategically to
ensure profitability and sustainable growth. As a publicly listed company,
Nekkar has a proven track record of shareholder value creation through
disciplined M&A, financial management, and capital allocation.
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