Business
Commencement of the Exercise Period for the Warrants
Commencement of the Exercise Period for the Warrants
About this update from Lokotech Group As
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.Oslo, 1 April 2026: Reference is made to the stock exchange announcement published by Lokotech Group AS (the "Company") on 31 March 2026 regarding the exercise price and further information relating to the exercise period for the 54,908,272 warrants (the "Warrants") issued to the subscribers in the rights issue where the Company raised gross proceeds of approx. NOK 139 million.Each Warrant gives the holder a right to subscribe for one new share (such new shares jointly the "New Shares") in the Company at an exercise price of NOK 0.6063 (the "Exercise Price").Pareto Securities AS is acting as manager in connection with the exercise period for the Warrants (the "Manager"). Advokatfirmaet Arntzen AS is acting as legal counsel to the Company.Exercise periodThe exercise period for the Warrants will commence today, on 1 April 2026 at 09:00 (CEST) and end on 15 April 2026 at 16:30 (CEST) (the "Exercise Period").The last day of trading for the Warrants will be 9 April 2026. The Warrants will hence only be tradeable during part of the exercise period. Warrants which are not sold within 16:30 (CEST) on 9 April 2026 or exercised within 16:30 (CEST) on 15 April 2026 will lapse with no compensation to the holders.Exercise procedureThe Warrants are exercised through the submission of a duly completed exercise form for the Warrants (the "Exercise Form") to the Manager at the address or email address set out in the Exercise Form or through the VPS online subscription system within the Exercise Period. The Exercise Form is available at the Manager's website (www.paretosec.com/transactions). By completing and submitting an Exercise Form, the holder of the relevant Warrants irrevocably undertakes to acquire a number of New Shares equal to the number of Warrants exercised at the Exercise Price.Payment for and delivery of New SharesNotifications of allocated New Shares and the corresponding aggregate exercise price to be paid by each subscriber are expected to be distributed on or about 16 April 2026. Payment for the New Shares issued to the subscri...