Reference is made to the stock exchange notice issued on 7 January 2019 by Aqua Bio Technology ASA (the "Company) regarding, inter alia, results of the private placement described therein and in earlier stock exchange notices (the "Private Placement").
The following primary insiders have been allocated shares in the Private Placement:
- Chairman Edvard Cock (through his wholly owned company Blixen Invest AS) has been allocated 500,000 new shares in the Private Placement at a subscription price of NOK 2.50 per new share. Following completion of the Private Placement, Edvard Cock (through his wholly owned company Blixen Invest AS) will hold a total of 500,000 shares in the Company.
- Director Jan Pettersson (through associated companies Initia AB and Swelandia International AB) has been allocated 1,200,000 new shares in the Private Placement at a subscription price of NOK 2.50 per new share. Following completion of the Private Placement, Jan Pettersson (through associated companies) will hold a total of 2,520,000 shares in the Company
- Director Kristin Aase and related party Espen Dahl (including associated companies) has been allocated 600,000 new shares in the Private Placement at a subscription price of NOK 2.50 per new share. Following completion of the Private Placement, Kristin Aase and related parties will hold a total of 1,013,265 shares in the Company.
The allocation in the Private Placement made by the Company's board of directors on 6 January 2019 imply that the following shareholders will surpass thresholds for mandatory notification of ownership:
- Finnvik Eiendom AS (a company wholly owned by Roger Hofseth, who is proposed to be elected as new board member in the extraordinary general meeting to be held today) has been allocated 1,500,000 new shares in the Private Placement at a subscription price of NOK 2.50 per share. Prior to completion of the Private Placement, Finnvik Eiendom AS hold 687,000 shares and votes in the Company, corresponding to 9.89% of the shares and votes in the Company. Following completion of the Private Placement, Finnvik Eiendom AS will hold 2,187,000 shares and votes in the Company corresponding to 18.79% of the total outstanding shares and votes in the Company after the Private Placement.
- Jan Pettersson (through associated companies Initia AB and Swelandia International AB) has been allocated 1,200,000 new shares in the Private Placement at a subscription price of NOK 2.50 per new share. Prior to completion of the Private Placement, Jan Pettersson (through associated companies) hold 1,320,000 shares and votes in the Company, corresponding to 19.01% of the shares and votes in the Company. Following completion of the Private Placement, Jan Pettersson (through associated companies) will hold a total of 2,520,000 shares and votes in the Company corresponding to 21.65% of the total outstanding shares and votes in the Company after the Private Placement.
- Haav Holding AS (a company wholly owned by Jørn Haavald Abrahamsen) has been allocated 140,000 new shares in the Private Placement at a subscription price of NOK 2.50 per share. Prior to completion of the Private Placement, Haav Holding AS hold 420,000 shares and votes in the Company, corresponding to 6.05% of the shares and votes in the Company. Following completion of the Private Placement, Haav Holding AS will hold 560,000 shares and votes in the Company corresponding to 4.81% of the total outstanding shares and votes in the Company after the Private Placement.
Further, Chairman Edvard Cock has received proxies without voting instructions for a total number of 493,265 shares and votes, corresponding to 7.10% of the total outstanding shares and votes in the Company prior to the Private Placement.
This information is subject to the disclosure requirements pursuant to sections 4-2, 4-3 and 5-12 of the Norwegian Securities Trading Act.