Xplora Technologies AS: Resolution to increase the share capital and mandatory notification of trade

Oslo, Norway, 28 December 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 40 by the issuance of 10,000 new shares. 

The new shares are issued in connection with the share compensation agreement between the Company and Kristin Hellebust dated 14 September 2020. The new shares are issued to Kristin Hellebust at a subscription price of NOK 40.35 per share. Following the transaction, Kristin Hellebust holds 28,604 shares in Xplora Technologies AS.
Hellebust is CCO and primary insider in Xplora. Please see the attached notification of trading for further details in this respect.

Following registration of the share capital increase with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 159,175,40, divided into 39,793,848 shares, each with a nominal value of NOK 0.004.

This information is subject to disclosure requirements in Regulation EU 596/2014 (MAR) article 19 no. 3 and the Norwegian Securities Trading Act section 5-12.

For further information please contact: 
Sten Kirkbak, CEO +47 922 03 710 
Mikael Clement, CFO +47 990 08 000
Karen Guillot Ruiz, Business Analyst +47 948 85 859 

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 in the world. The company is headquartered in Norway with operations in leading European markets.