Kurs & Likviditet
Beskrivning
Land | Norge |
---|---|
Lista | OB Match |
Sektor | Informationsteknik |
Industri | Elektronisk utrustning |
2019-07-18 09:03:19
Reference is made to the stock exchange announcement from Hiddn Solutions ASA (the "Company") on 17 July 2019 regarding a contemplated private placement of NOK 8,550,000, including a debt conversion of NOK 1,652,700 (the "Private Placement"), by issuance of 171,000,000 new shares in the Company at a subscription price equaling a new proposed nominal value of the Company's shares of NOK 0.05 (the "New Shares"). Chairman of the board in the Company, Øystein Tvenge, has committed to subscribe for 10,946,000 New Shares in the Private Placement. Furthermore. Intelco Concept AS ("Intelco"), a company represented in the Company's board by Mr. Tvenge, has committed to subscribe for 22,000,000 New Shares in the Private Placement. Following and subject to approval by an extraordinary general meeting in the Company of a share capital decrease by decrease of the nominal value of the Company' shares and the Private Placement (including the debt conversion), Mr. Tvenge's personal shareholding in the Company will increase from 1,117,985 to 12,063,985 shares, entailing an increase in ownership percentage from approximately 1.0% to approximately 4.2% of the Company' share capital, while Intelco's shareholding will increase from 2,804,762 to 24,804,762 shares in the Company, entailing an increase of Intelco's ownership percentage in the Company from approximately 2.4% to approximately 8.7% of the Company' share capital. At the same time, the ownership percentage in the Company of Mr. Tvenge and Intelco through their Lombard International Assurance Policy Accounts are decreased by reason of (and subject to) the share capital decrease and Private Placement, after which Mr. Tvenge's shareholding on such account of 3,500,000 shares is decreased from approximately 3.0% to approximately 1.2% of the share capital, while Intelco's shareholding on such account of 11,105,969 shares is decreased from approximately 9.6% to approximately 3.9% of the share capital of the Company. In aggregate, Mr. Tvenge will personally and indirectly through his Lombard International Assurance Policy Account hold approximately 5.4% of the Company's share capital, while Intelco will directly and through its Lombard International Assurance Policy Account approximately hold 12.5% of the Company's share capital. In addition, following and subject to approval by the extraordinary general meeting in the Company of the share capital decrease described above and issuance of the New Shares the Private Placement (including the debt conversion), the following thresholds notifiable by law are passed: Fara Holdco Ltd has committed to subscribe for 40,000,000 shares in the Private Placement, entailing an ownership percentage of approximately 14.0% of the Company's share capital. Fara Holdco Ltd does not hold any shares prior to the Private Placement. Immob Drift AS' current shareholding of 7,795,286 shares in the Company is decreased from approximately 6.7% to approximately 2.7% of the share capital of the Company. Dallas Asset Management AS current shareholding of 7,864,292 shares in the Company is decreased from approximately 6.8% to approximately 2.7% of the share capital of the Company. The NOK 1,652,700 debt conversion is directed towards Aabø-Evensen & Co Advokatfirma AS (“AAECO”), after which AAECO will own 33,054,000 shares constituting approximately 11.5% of the share capital of the Company. AAECO does not hold any shares in the Company prior to the debt conversion.