RESOLUTION TO INCREASE THE SHARE CAPITAL
2021-02-02 23:30:30
Oslo, Norway, February 2nd 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 7 July 2020, resolved to increase the Company's share capital with NOK 290.15 by issuance of 72 538 new shares. The new shares are issued in a private placement to Jesus Llamazares Alberola in connection with his exercise of contractual options at a subscription price of NOK 1.52 per share. The shares must be subscribed within 15 February 2021. Following subscription, Mr. Llamazares Alberola holds no further subscription rights in the Company. 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 Merkur Market (Euronext Growth). The capital increase is expected to be delivered by the end of February 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 130 953.3 divided into 32 738 325 shares, each with a par value of NOK 0.004. Each share carries one vote. For further information please contact: Sten Kirkbak, CEO +47 922 03 710 Mikael Clement CFO +47 990 08 000 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.