S.D. Standard ETC (the "Company") has been informed that Saga Pure ASA ("Saga
Pure") has on 5 March acquired 18,878,157 shares in the Company at an average
share price of NOK 1.807, with the highest share price being NOK 1.83. Saga Pure
is a close associate to Martin Nes, Chairman of the Company's Board of Directors
and to Espen Lundaas, a consultant to the Company. Further information about the
transaction pursuant to the EU Market Abuse Regulation article 19 is attached to
this notice.
As a result of the above, the price per share under the mandatory offer
obligation of Saga Pure, as announced yesterday, will be increased to NOK 1.83.
Following the acquisition, Saga Pure and Ferncliff Listed DAI hold a total of
189,796,266 shares in SDSD, where Saga Pure holds 33,878,157 shares and
Ferncliff Listed DAI holds 155,918,109 shares, corresponding to a consolidated
ownership of approximately 36.2% of the total outstanding shares in SDSD.
For further information, please contact:
Chief Financial Officer, Christos Neokleous at +357 99 53 1193
This information is subject to the disclosure requirements pursuant to article
19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian
Securities Trading Act. This stock exchange announcement was published by Espen
Lundaas, Consultant, at the time and date provided.