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Nekkar ASA: Share issue to new CEO resolved

Reference is made to the stock exchange notice by Nekkar ASA (the "Company") on 26 January 2022 regarding the appointment of Mr Ole Falk Hansen as the Company's new CEO of the Company.

In that connection, The Board has, pursuant to the authorization granted by the Company's ordinary general meeting on 27 May 2021, resolved to issue 200 311 new shares, each with a par value of NOK 0.11, towards the new CEO. The subscription price is set to NOK 7.49 per share, corresponding to the volume-weighted five days average trading price of the share in the period between 20 and 26 January 2022, less a discount of 25%, subject to certain customary conditions, including a two-year lock-up on all of the shares and subject to the CEO continuing to serve the group during the lock-up period.

Upon registration of the share capital increase with the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 11 736 264.21, consisting of 106 693 311 shares, each with a par value of NOK 0.11.

Disclosure regulation

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


About Nekkar ASA

Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy and renewables and aquaculture.