Reference is made to the previous stock exchange announcements published by EAM
Solar AS (the "Company") regarding the rights issue of up to 110,000,000 new
shares in the Company (the "Offer Shares"), each with a nominal value of NOK 0.5
at a subscription price of 0.5 per Offer Share (the "Subscription Price"), to
raise gross proceeds of up to NOK 55 million (the "Rights Issue").
The subscription period for the Rights Issue (the "Subscription Period") expired
7 July 2026 at 16:30 hours (CEST).
The Board of Directors of the Company has now approved the final allocation of
the Offer Shares in the Rights Issue which has now been completed based on the
allocation criteria set out in national prospectus dated 19 June 2026 prepared
by the Company in connection with the Rights Issue (the "Prospectus").
At the expiry of the subscription period in the Rights Issue, the Company had
received subscriptions for 203 272 541 Offer Shares and have allocated 110 000
000 Offer Shares based on valid subscriptions received.
81,998,192 subscription rights have been used and fully allocated, corresponding
to 74% of the number of issued rights. The remaining shares have been allocated
based on the allocation criteria set out in the Prospectus.
No shares have been allocated under the underwriting commitments.
Notification of allocated Offer Shares and the corresponding subscription amount
to be paid by each subscriber is expected to be made available in the VPS on or
about 8 July.
Payment for the allocated Offer Shares falls due on 10 June 2026 in accordance
with the payment procedures described in the Prospectus.
The Offer Shares may not be transferred or traded before they have been fully
paid and the share capital increase pertaining to the Rights Issue has been
registered with the Norwegian Register of Business Enterprises (the "NRBE").
Subject to timely payment of the aggregate subscription amount in the Rights
Issue, it is expected that the share capital increase will be registered in the
NRBE on or about 14 July 2026.
The Offer Shares are expected to be delivered to the VPS accounts of the
subscribers and admitted to trading on Euronext Growth Oslo on or about 15 July
2026.
The Company would like to thank all existing and new shareholders for such
encouraging levels of support towards securing the future of EAM.
els of support towards securing the future of EAM. \