Nekkar asa: share program for employees – private placement of new shares resolved

Reference is made to the resolution by made by the ordinary general meeting of Nekkar ASA (the “Company”) on 27 May 2021 where the board was authorised to increase the Company’s share capital in connection with share purchase programs for employees and board members in the Nekkar group.

In that connection, the board of directors has today resolved to issue 165 871 new shares, each with a par value of NOK 0.11, at a subscription price of NOK 6.81 per share, corresponding to the volume-weighted five days average trading price of the share in the period between 2 and 8 December 2021, less a discount of 25%, subject to certain customary conditions, including a two year lock-up on some or all of the shares and subject to the employee 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 11 714 230.00, consisting of 106 493 000 shares, each with a par value of NOK 0.11.

Certain primary insiders in the Company have collectively subscribed for and will be allocated 38 531 shares in the private placement. More information about subscriptions and allocations to such parties will be announced separately.

DISCLOSURE REGULATION

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

CONTACTS * Preben Liltved, CEO, +47 480 62 691, IR@Nekkar.com