Techstep ASA: Subsequent Offering successfully completed

Oslo, 15 December 2022: Reference is made to the announcement on 29 November 2022, whereby Techstep ASA (“Techstep” or the “Company”) revealed the accredited prospectus and introduced the beginning of subscription interval within the Subsequent Offering of as much as 15,000,000 new shares (the “Offer Shares”) within the Company at a subscription worth of NOK 1.15 per share.

The subscription interval for the Subsequent Offering expired yesterday at 16:30 (CET). By the top of the subscription interval, the Company has acquired legitimate subscriptions for 802,160 Offer Shares within the Subsequent Offering. All of the subscribers will obtain the total quantity of shares subscribed for, elevating gross proceeds of roughly NOK 922,484. 

The Company has right now resolved to situation 802,160 new shares at worth of NOK 1.15 per share. Subject to well timed fee for the Offer Shares, the Offer Shares is predicted to be delivered to the subscribers VPS accounts on or about 22 December 2022.

Notifications of allotted Offer Shares and the corresponding quantity to be paid by traders are anticipated to be communicated to traders on or about 16 December 2022, with fee date on 20 December 2022. Investors who’ve entry to investor companies by their VPS account supervisor ought to have the ability to see what number of Offer Shares they’ve been allotted from on or round 16 December 2022. The Managers may additionally be contacted for info relating to allocation, fee and supply of the shares within the Subsequent Offering.

Arctic Securities AS and SpareBank1 Markets AS (the “Managers”) are performing as managers within the Subsequent Offering. AGP Advokater AS is performing as authorized advisor to the Company.

For additional info, please contact:

Børge Astrup, CEO, Techstep ASA: +47 928 27 676

Anita Huun, CFO, Techstep ASA: +47 924 11 563

About Techstep ASA

Techstep is a cellular expertise firm that permits organisations to carry out neatly, securely and sustainably by combining software program, cellular units and companies to fulfill clients´ enterprise and ESG targets. We are a number one supplier of managed mobility companies within the Nordics serving greater than 2 000 clients in Europe, with an annual income of NOK 1.3 billion in 2021. We are listed on the Oslo Stock Exchange beneath the ticker TECH. To be taught extra, please go to techstep.io.

Important info

This announcement shouldn’t be a suggestion to promote or a solicitation of any supply to purchase any securities of Techstep ASA. The distribution of this announcement and different info could also be restricted by regulation in sure jurisdictions. Copies of this announcement are usually not being made and will not be distributed or despatched into any jurisdiction during which such distribution could be illegal or would require registration or different measures. Persons into whose possession this announcement or such different info ought to come are required to tell themselves about and to watch any such restrictions.

The securities referred to on this announcement haven’t been and won’t be registered beneath the U.S. Securities Act of 1933, as amended (the “US Securities Act”), and accordingly will not be provided or offered in the United States absent registration or an relevant exemption from the registration necessities of the US Securities Act and in accordance with relevant U.S. state securities legal guidelines. The Company doesn’t intend to register any a part of the providing or their securities in the United States or to conduct a public providing of securities in the United States. Any sale in the United States of the securities talked about on this announcement will likely be made solely to “certified institutional consumers” as outlined in Rule 144A beneath the US Securities Act.

In any EEA Member State, this communication is just addressed to and is just directed at certified traders in that Member State inside the which means of the Prospectus Regulation, i.e., solely to traders who can obtain the supply with out an accredited prospectus in such EEA Member State. The expression “Prospectus Regulation” means Regulation 2017/1129 as amended along with any relevant implementing measures in any Member State.

This communication is just being distributed to and is just directed at individuals within the United  Kingdom which might be (i) funding professionals falling inside Article 19(5) of the Financial Services  and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) excessive web price entities, and different individuals to whom this announcement might lawfully be communicated, falling inside Article 49(2)(a) to (d) of the Order (all such individuals collectively being known as “related individuals”). This communication should not be acted on or relied on by individuals who are usually not related individuals. Any funding or funding exercise to which this communication relates is offered just for related individuals and will likely be engaged in solely with related individuals. Persons distributing this communication should fulfill themselves that it’s lawful to take action.

Matters mentioned on this announcement might represent forward-looking statements. Forward-looking statements are statements that aren’t historic details and could also be recognized by phrases reminiscent of “consider,” “anticipate,” “anticipate”, “intends”, “estimate”, “will”, “might”, “proceed”, “ought to” and comparable expressions. The forward-looking statements on this launch are primarily based upon varied assumptions, lots of that are primarily based, in flip, upon additional assumptions. Although the Company believes that these assumptions have been cheap when made, these assumptions are inherently topic to important identified and unknown dangers, uncertainties, contingencies and different vital components that are troublesome or unimaginable to foretell and are past its management. Such dangers, uncertainties, contingencies and different vital components might trigger precise occasions to vary materially from the expectations expressed or implied on this launch by such forward-looking statements. The info, opinions and forward-looking statements contained on this announcement communicate solely as at its date and are topic to vary with out discover. Neither the Company nor the Managers undertake any obligation to overview, replace, affirm or launch publicly any revisions to any forward-looking statements to replicate occasions that happen or circumstances that come up in relation to the content material of this communication. The info, opinions and forward-looking statements contained on this announcement communicate solely as at its date, and are topic to vary with out discover. The Company doesn’t undertake any obligation to overview, replace, affirm, or to launch publicly any revisions to any forward-looking statements to replicate occasions that happen or circumstances that come up in relation to the content material of this announcement.

Neither the Managers nor any of their respective associates makes any illustration as to the accuracy or completeness of this announcement and none of them accepts any accountability for the contents of this announcement or any issues referred to herein.

This announcement is for info functions solely and isn’t to be relied upon in substitution for the train of impartial judgment. It shouldn’t be meant as funding recommendation and by no means is it for use or thought-about as a suggestion to promote, or a solicitation of a suggestion to purchase any securities or a advice to purchase or promote any securities within the Company. Neither the Managers nor any of their respective associates accepts any legal responsibility arising from the usage of this announcement.

This info is topic to the disclosure necessities pursuant to Section 5-12 the Norwegian Securities Trading Act.

https://news.cision.com/techstep-asa/r/techstep-asa–subsequent-offering-successfully-completed,c3685564

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