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2022-02-11 Bokslutskommuniké 2021
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Beskrivning

LandNorge
ListaOB Match
SektorInformationsteknik
IndustriKommunikation
Infront är en norsk finansiell koncern. Idag innehas specialisering mot lösningar för realtidsdata, handel, nyheter, samt bolags- och marknadsanalyser. Verksamheten utgår ifrån egenutvecklade terminaler. Utöver ägs ett flertal nordiska nyhetsmedier. Bolaget har verksamhet på global nivå, med störst närvaro på den europeiska - och nordiska marknaden. Infront etablerades 1998 och har sitt huvudkontor i Oslo.
2019-06-03 09:00:00
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE
UNLAWFUL

Infront ASA - Terms of the fully underwritten rights issue

Oslo, 3 June 2019 - Reference is made to the stock exchange announcement dated
11 April 2019 regarding the acquisition of vwd Group GmbH (“VWD”) and the
proposed fully underwritten rights issue (the "Rights Issue") in Infront ASA
(the "Company") which is subject to approval by the extraordinary general
meeting of the Company to be held on 4 June 2019 at 10:00 CEST (the “EGM).

The Board of Directors of the Company has today determined the proposed
subscription price for the new shares to be issued in the Rights Issue, the
number of new shares and the amount of the share capital increase as follows:

* The share capital of the Company is proposed to be increased by NOK
1,733,190.40 through the issuance of 17,331,904 new shares (the "Offer Shares")

* The subscription price is proposed to be NOK 14.00 per Offer Share,
representing a discount of approximately 28% to the theoretical share price
exclusive of the subscription rights (“TERP”) of NOK 19.40 based on the
Company's closing share price on the Oslo Stock Exchange of NOK 23.00 on Friday
31 May 2019. Based on the same closing price, the theoretical value of each
subscription right is NOK 5.40 and the theoretical value of the 2/3 subscription
rights received per existing share is NOK 3.60. Shareholders must decide whether
to exercise or sell their subscription rights, or a combination thereof, to
maintain the full value of the shareholding.

* The Rights Issue will result in gross proceeds to the Company of approx. NOK
242.6 million.

Each existing shareholder will be granted two subscription rights for every
three existing shares registered as held by the shareholder on 4 June 2019, as
they appear in the Company's shareholder register in VPS on 6 June 2019 (the
“Record Date”). Each subscription right will, subject to applicable securities
laws, give the right to subscribe for and be allocated one Offer Share in the
Rights Issue.

The proposal to increase the share capital as included in the notice of the EGM
will be adjusted to reflect the subscription price elements set out above. For
further information on the Rights Issue, please see the notice of the EGM
available on https://www.infrontfinance.com/ir/investors.

The rights issue is fully underwritten by a syndicate consisting of ABG Sundal
Collier ASA and Danske Bank, Norwegian Branch, the following primary insiders;
Lindeman AS (owned by co-founder and CIO, Morten Lindeman), Nesbak AS (owned by
co-founder and CEO, Kristian Nesbak), FLKX Capital AS (owned by the Company’s
CFO, Max Hofer), Gujac Holding AS (owned by the Chairman of the Board, Gunnar
Jacobsen), and Benjamin Røer (former member of the Board of Directors) as well
as other large shareholders of the Company, which were invited to participate in
the underwriting syndicate and submit pre-commitments in a period lasting from
11 April 2019 to 26 April 2019.

The full terms and conditions for the Rights Issue will be included in a
prospectus which will be published prior to the commencement of the subscription
period for the Rights Issue, expected to take place from Friday 7 June 2019 to
Friday 21 June 2019 at 16:30 CEST. Trading in the subscription rights is
expected to take place from Friday 7 June 2019 to Wednesday 19 June at 16:30
CEST.

In the Rights Issue, Lindeman AS and Nesbak AS have each underwritten NOK 20m
and intend to subscribe for shares for a similar total amount on a consolidated
basis. A portion of this is likely to be financed by a structured sale of
subscription rights.

ABG Sundal Collier and Danske Bank (together the “Managers”) are acting as Joint
Lead Managers and Joint Bookrunners for the Rights Issue. Advokatfirmaet Selmer
AS is acting as legal counsel to the Company. Wikborg Rein Advokatfirma is
acting as legal counsel to the Managers.

For further information, please contact:

Max Hofer, Chief Financial Officer

max.hofer@infrontfinance.com

About Infront:

Infront provides a unique combination of global market data, news, analytics and
trading tools. With over 20 years of product development driven by our clients’
business needs, the Infront Professional Terminal is the most user-friendly and
flexible terminal in the financial market. We help buy-side and sell-side
institutions grow their businesses, reduce costs, adapt to fast changing market
requirements and work more effectively with ever-increasing amounts of
information. Over 40,000 professional subscribers worldwide rely on Infront’s
services. Infront is listed on the Oslo Stock Exchange and has offices in eight
countries across Europe and South Africa.

About VWD:

vwd is a leading Europe-wide provider of information and IT solutions for the
investment industry. As an agile solutions provider, we respond flexibly to
regulatory requirements. We make your financial decisions smarter – thanks to
our comprehensive range of solutions. As a full-service provider, we optimise
processes to maximise our customers’ success. The development of our innovative
products is built on decades of experience, market expertise and the right feel
for the needs of our customers.

IMPORTANT INFORMATION:

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

This announcement may not be distributed or sent into the United States or any
other jurisdiction in which such distribution would be unlawful or would require
registration or other measures. These materials are not an offer for sale of
securities in the United States or any other country. The securities referred to
herein have not been registered under the U.S. Securities Act of 1933, as
amended (the "U.S. Securities Act"), and may not be sold in the United States
absent registration or pursuant to an exemption from registration under the U.S.
Securities Act. The Company does not intend to register any portion of the
offering of the securities in the United States or to conduct a public offering
of the securities in the United States.