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Exercise price for the Warrants issued in connection with the rights issue
Exercise price for the Warrants issued in connection with the rights issue
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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, THE HONG KONG SPECIAL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, 31 March 2026: Reference is made to the stock exchange announcement published by Lokotech Group AS (the "Company") on 30 March 2026 regarding the upcoming 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 in the Company at an exercise price per share equal to the greater of (a) a 35% discount to the volume-weighted average price (VWAP) of the Company's shares on Euronext Growth Oslo over the last three trading days (i.e., 27 March, 30 March and 31 March 2026) prior to the first date on which the holder can exercise the Warrants (i.e., 1 April 2026); and (b) NOK 0.5130.Based on the criteria above, the exercise price is NOK 0.6063 per new share.The exercise period for the Warrants will commence tomorrow, on 1 April 2026 at 09:00 (CEST), and end on 15 April 2026 at 16:30 (CEST). 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.Further information on the exercise procedure for the Warrants will be communicated by the Company through a separate stock exchange notice to be published before market open on Euronext Growth Oslo tomorrow, 1 April 2026.This information is subject to the disclosure requirements pursuant to the Continuing Obligations and Section 5-12 of the Norwegian Securities Trading Act.For more information, please contact:CEO, Ola Stene-Johansen, email [email protected] NOTICEThese materials are not and do not form a part of any offer of securities for sale, or a solicitation of an offer to purchase, any securities of the Company in the United States or any other jurisdiction. Copies of these materials are not being made and may not be distributed or sent into any jurisd...