Resolution to increase the share capital
2021-05-19 21:39:38
Oslo, Norway, 19 May 2021; the Board of Directors of Xplora Technologies AS (“Xplora” or the “Company”) has, pursuant to the board authorization granted by the Company's general meeting held on 13 April 2021, resolved to increase the Company's share capital with NOK 1,491.076 by issuance of 372,769 new shares. 372,769 new shares are issued to SevenVentures GmbH in the private placement at a subscription price of NOK 33.60 per share pursuant to an option agreement dated 10 July 2020. The shares must be subscribed within 30 May 2021. Further details regarding the underlying options/subscription rights are set out in section 8.6 of the Admission Document published by Xplora on 17 November 2020 in connection with the admission to trading of its shares on Euronext Growth. The capital increase is expected to be delivered in ultimo-May 2021, following registration of the share capital increase with the Norwegian Register of Business Enterprises (Norwegian: Foretaksregisteret). Following the registration of the share capital increase, the Company’s new share capital will be NOK 159,135.392 divided into 39,783,848 shares, each with a par value of NOK 0.004. Each share carries one vote. For further information please contact: Sten Kirkbak, CEO +47 9220 3710 Mikael Clement, CFO +47 9900 8000 Karen Guillot Ruiz, Business Analyst +47 9488 5859 About Xplora Technologies AS: Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change to the world. The company is headquartered in Norway with operations in leading European markets.