28.4.2021 14:12:56 CEST | Ørn Software Holding AS | Mandatory notification of
trade primary insiders
NOT FOR DISTRIBUTION, RELEASE OR REPUBLICATION, DIRECTLY OR INDIRECTLY, TO U.S.
NEWS WIRE SERVICES OR FOR DISSEMINATION IN OR INTO THE UNITED STATES, AUSTRALIA,
CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION,
RELEASE OR REPUBLICATION WOULD BE UNLAWFUL.
Reference is made to the stock exchange notice of 28 April 2021 regarding end of
the stabilisation activities undertaken following Ørn Software Holding AS' (the
"Company") private placement (the "Offering") and admission to trading on
Euronext Growth, and the partial exercise of a greenshoe option granted by
Viking Venture 11 AS, Viking Venture 11B AS and Breiangen AS (the "Share Lenders
") to Pareto Securities AS (the "Stabilisation Manager"), on behalf of Pareto
Securities AS and ABG Sundal Collier ASA (the "Managers").
In relation to the above, Viking Venture 11 AS and Viking Venture 11B AS (close
associates of Chairman Joar Welde and Board member Erik Fjellvær Hagen) have
sold 669,830 and 525,992 shares, respectively, to the Stabilisation Manager.
Further, Viking Venture 11 AS and Viking Venture 11B will receive 886,947 and
696,484 shares, respectively, purchased through stabilisation activities in
order to settle the shares lent out to the Stabilisation Manager pursuant to the
share lending and greenshoe option agreement entered into between the Company,
the Share Lenders and the Managers in connection with the Offering. Further
details are available in the attached forms.
Following such sales, funds managed by Viking Venture AS will hold a total of
30,268,889 shares in Ørn Software Holding AS, corresponding to 35.22% of the
currently outstanding shares in the Company.
This information is such that Ørn Software Holding AS is required to disclose in
accordance with the EU Market Abuse Regulation.
* Sten-Roger Karlsen, CEO Ørn Software, +47 922 62 321, email@example.com
* Vidar Andre Løken, CFO Ørn Software, +47 952 60 926, firstname.lastname@example.org
ABOUT ØRN SOFTWARE HOLDING AS
Ørn Software is a Nordic provider of SaaS solutions enabling efficient
operations and maintenance across a wide range of asset-heavy industries,
including real estate, manufacturing, food & beverages, and aquaculture.
The Group's software provides customers with improved insight through
data-driven operations and contributes to increased efficiency and reduced costs
through digitalization of rental processes, data-driven maintenance scheduling
and energy optimization. All of the above contribute to the lengthening of
property and equipment lifespan, a key component of Ørn Software's value
proposition. Furthermore, the Group's offering enables customers to reduce their
environmental footprint and provides digital tools to meet reporting and
Download announcement as PDF.pdf -
210428_Notification form_Viking_Venture_11_AS.pdf -
210428_Notification form_Viking_Venture_11B_AS.pdf -