Kahoot! ASA - Additional consideration in connection with the acquisition of Actimo, ApS
2021-04-30 15:27:54
Oslo, Norway, 30 April 2021 - Reference is made to the stock exchange
announcement by Kahoot! ASA ("Kahoot!" or the "Company") made on 5 October 2020,
regarding the completion of the acquisition of all shares in Actimo ApS
("Actimo").
In accordance with the share purchase agreement entered into between Kahoot! and
the shareholders of Actimo (the "SPA"), the shareholders of Actimo shall be
entitled to additional consideration if certain financial thresholds are being
met by Actimo per 31 March 2021. Based on Actimos' achievements, the
shareholders of Actimo are entitled to a total additional consideration of USD
6,674,966 (the "Additional Consideration"). The Additional Consideration shall
be settled by a combination of cash and new Kahoot! shares.
The Board of Directors of the Company has accordingly resolved to increase the
share capital of the Company with NOK 18,603.90 by the issuance of 186,039
consideration shares to the shareholders of Actimo at a subscription price of
NOK 86.62 per share in accordance with the SPA. The shareholders of Actimo have
entered into lock-up agreements with the Company pursuant to which the
consideration shares are subject to lock-up periods of up to 24 months from
completion of the acquisition 5 October 2020. Following this share issue there
will be 447,689,510 issued and outstanding shares in the Company.
For further information please contact:
Eilert Hanoa, CEO
Phone: +47 928 32 905
Email: eilerth@kahoot.com
Ken Østreng, CFO
Phone: +47 911 51 686
Email: keno@kahoot.com
About Kahoot!
Kahoot! is on a mission to make learning awesome! We want to empower everyone,
including children, students, and employees to unlock their full learning
potential. Our learning platform makes it easy for any individual or corporation
to create, share, and play learning games that drive compelling engagement.
Launched in 2013, Kahoot!'s vision is to build the leading learning platform in
the world. In the last 12 months, 279 million games have been played on the
Kahoot! platform with 1.6 billion participating players in more than 200
countries. The Kahoot! family also includes award-winning DragonBox math
learning apps, the Poio learn to read app, the Drops language learning apps, the
Actimo and Motimate employee engagement and corporate platforms and
Whiteboard.fi, the online whiteboard tool for all educators, teachers and
classrooms. The Kahoot! Group is headquartered in Oslo, Norway with offices in
the US, the UK, France, Finland, Estonia, Denmark and Spain. Let's play!
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.