SmartCraft ASA – New share capital registered

12.7.2021 08:56:08 CEST | SmartCraft ASA | Total number of voting rights and
capital

Oslo, [12] July 2021. Reference is made to the announcements made on 9 July 2021

whereby SmartCraft ASA ("SmartCraft" or the "Company", OSE ticker code "SMCRT")

announced the resolution to increase the Company's share capital in connection
with the Company's acquisition of Kvalitetskontroll AS ("Kvalitetskontroll").

 

The Company has today issued 505,618 new shares, each with a nominal value of
NOK 0.01, to the sellers of Kvalitetskontroll as partial settlement of the
purchase price in connection with the Company's acquisition of Kvalitetskontroll
through its subsidiary SmartCraft Norway AS.

 

The new shares have been legally and validly issued and have been registered
with the Norwegian Register of Business Enterprises. Following the share capital
increases, the Company's new share capital is NOK 1,715,223.05, divided into
171,522,305 shares, each with a nominal value of NOK 0.01.

 

For further information, please contact:

 

Kjartan Bø, CFO, SmartCraft

Phone: +47 410 27 000

Email: kjartan.bo@smartcraft.no



Gustav Line, CEO, SmartCraft

Phone: +47 952 67 104

Email: gustav.line@smartcraft.no

 

ABOUT SMARTCRAFT

 

SmartCraft is the leading Nordic provider of mission-critical SaaS solutions to
SME's in the construction sector. The company's business model is highly
scalable, based on 94% recurring revenue and low churn. The construction sector
is among the least digitalized industries and represents a NOK 10bn software
market in the Nordics, growing at a double-digit rate. SmartCraft's solutions
help customers to increase their productivity, margins, and resource efficiency.

 

IMPORTANT INFORMATION

 

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "anticipate", "believe",
"continue", "estimate", "expect", "intends", "may", "should", "will" and similar
expressions. The forward-looking statements in this release are based upon
various assumptions, many of which are based, in turn, upon further assumptions.
Although the Company believes that these assumptions were reasonable when made,
these assumptions are inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are difficult or
impossible to predict and are beyond its control. Such risks, uncertainties,
contingencies and other important factors could cause actual events to differ
materially from the expectations expressed or implied in this release by such
forward-looking statements. The information, opinions and forward-looking
statements contained in this announcement speak only as at its date, and are
subject to change without notice.