Oslo, Norway, 23 September 2022: Reference is made to the stock exchange notice
from Cloudberry Clean Energy ASA ("Cloudberry" or the "Company") on 23 September
2022 regarding the private placement raising gross proceeds of NOK 800 million
through issuance of 51,612,903 new shares in the Company (the "Private
The following primary insiders and close associates of primary insiders have
subscribed for shares in the Private Placement, which is regarded as PDMR/PCA
trades under the Market Abuse Regulation (EU) No 596/2014 ("MAR"):
· Mittas AS, a company closely related to the board member Benedicte Fossum,
was allocated 32,258 new shares in the Private Placement and will, following
completion of the Private Placement, hold 100,103 shares in the Company.
· Nicolai Nordstrand, board member of the Company, was allocated 19,354 new
shares in the Private Placement and will, following completion of the Private
Placement, hold 31,264 shares in the Company.
· Lotmar Invest AS, a company closely related to the Chief Operating Officer
Jon Gunnar Solli, was allocated 3,225 new shares in the Private Placement and
will, following completion of the Private Placement, hold 603,723 shares in the
Company. Jon Gunnar Solli also holds 1,150,000 warrants.
The transactions took place on 22 September 2022 at a price per share of NOK
15.50 per share. Settlement of the shares is expected to take place on or about
27 September 2022.
Cloudberry refers to the attached notifications for persons discharging
managerial responsibilities in the company in accordance with Regulation EU
596/2014 (MAR) article 19.
For further information, please contact:
Anders Lenborg, CEO, +47 934 13 130, email@example.com
Christian Helland, CVO, +47 418 80 000, firstname.lastname@example.org
Ole-Kristofer Bragnes, Senior Financial Officer, +47 917 03 415,
This information is subject to disclosure requirements set out in the Market
Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act
Section 5-12. This stock exchange announcement was published by Ole-Kristofer
Bragnes, Senior Financial Officer at Cloudberry Clean Energy ASA on 23 September
2022, at 01:20 CEST.
Cloudberry is a renewable energy company operating in the Nordics and in
accordance with local tradition. The Company owns, develops, and operates
hydropower plants and wind farms in Norway and Sweden. Cloudberry is powering
the energy transition to a sustainable future by providing new renewable energy
today and for future generations. The Company believes in a fundamental long
-term demand for renewable energy in Europe. With this as a fundament,
Cloudberry is building a sustainable, scalable, efficient, and profitable
platform for creation of shareholder value. Cloudberry`s shares are traded on
Oslo Stock Exchange's main list (Oslo Børs), supported by strong owners and led
by an experienced team and board. The Company has offices in Oslo, Norway (main
office), Karlstad, Gothenburg and Eskilstuna, Sweden. To learn more about
Cloudberry, go to http://www.cloudberry.no