Kalera provides update on the Luxembourg Merger

Orlando, FL May 13, 2022 - Reference is made to the earlier inventory alternate
bulletins made by Kalera AS (the "Company") (Euronext Growth Oslo: KAL,
Bloomberg: KSLLF) relating to the merger with its wholly-owned Luxembourg
subsidiary Kalera S.A. (the "Merger"). 

All obligatory board and shareholder approvals for the Merger have been obtained,
and the Merger will turn into efficient upon publication of the minutes from Kalera
S.A.'s normal assembly approving the Merger in accordance with Luxembourg regulation.
Such publication, and the effectiveness of the Merger, is predicted to happen on
or about 27 May 2022 (the "Effectiveness"). As of the Effectiveness, all of the
Company's belongings, rights and liabilities will probably be transferred to Kalera S.A., and
the Company will probably be dissolved and have it shares delisted from Euronext Growth

The Oslo Stock Exchange has admitted the shares of Kalera S.A. to buying and selling on
Euronext Growth Oslo, and it's anticipated that the first day of buying and selling in the
shares will probably be on or about 1 June 2022.

As merger consideration, the shareholders of the Company will obtain shares in
Kalera S.A., the place two shares in the Company give the proper to obtain one share
in Kalera S.A. The Company's shareholders will, for the objective of calculating
the variety of consideration shares, have their shares rounded right down to the
nearest even quantity as Kalera S.A. won't concern fractional shares. If a
shareholder already holds a fair variety of shares, no rounding will probably be made.
Excess shares, which on account of this rounding won't be allotted, will probably be
settled in money by Kalera S.A., and the settlement quantity per extra share shall
equal the quantity weighted common share worth for the Company's shares on
Euronext Growth Oslo throughout the final ten buying and selling days previous to the

As a results of the above described alternate ratio, the complete quantity of shares in
Kalera S.A. following the Merger is predicted to be roughly 104,677,409
shares (which equals roughly half the quantity of shares in the Company as
of right this moment). 

It is the shareholders as of the Effectiveness, as such shareholders seem in
the shareholders register of the Company with the Norwegian Central Securities
Depositary (the "VPS") as at the day of Effectiveness (the "Record Date"), that
will obtain consideration shares in Kalera S.A. The file date is predicted to
be on or about 27 May 2022. 

Tentative key dates and data for the completion of the Merger is as
o	Last day of buying and selling in the Company's shares on Euronext Growth Oslo: 25 May
o	Effectiveness of the Merger: 27 May 2022
o	Record Date for entitlement to merger consideration shares: 27 May 2022
o	First day of buying and selling in Kalera S.A.'s shares: 1 June 2022
o	Merger consideration shares delivered via VPS: 31 May 2022
o	ISIN: LU242451514904

The Merger is solely carried out to facilitate a Nasdaq itemizing. Until the
Effectiveness, the Company will stay as the listed guardian entity for the
Kalera group, and its shares will probably be tradeable on Euronext Growth Oslo.

The shares of Kalera S.A. will commerce underneath the ticker "KAL", which is the
present ticker of the Company. 

About Kalera
Kalera is a vertical farming firm headquartered in Orlando, Florida. Kalera
makes use of expertise to make sure that extra folks round the world have entry to the
freshest, most nutritious, and cleanest merchandise obtainable. It has spent a number of
years optimizing plant nutrient formulation and creating a sophisticated automation
and knowledge acquisition system with Internet of Things, cloud, large knowledge analytics
and synthetic intelligence capabilities. Kalera presently operates farms in the
US (in Orlando, Florida; Atlanta, Georgia; Houston, Texas and Denver, Colorado),
in addition to in Kuwait. Additional farms are underneath growth. More data
is accessible at www.kalera.com.

Eric Birge
[email protected]

Click right here for extra data

© Oslo Bors ASA, supply Oslo Stock Exchange


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