SmartCraft ASA – Resolution to increase the share capital

9.7.2021 10:59:09 CEST | SmartCraft ASA | Total number of voting rights and
capital

Oslo, 9 July 2021. Reference is made to the announcements made earlier today
whereby SmartCraft ASA ("SmartCraft" or the "Company", OSE ticker code "SMCRT")
announced the acquisition of Kvalitetskontroll AS ("Kvalitetskontroll").

 

The Company's board of directors has, based on an authorisation granted to it by
the extraordinary general meeting of the Company held on 25 May 2021, resolved
to increase the Company's share capital with NOK 5,056.18 by issuance of 505,618
new shares to the sellers of Kvalitetskontroll at a subscription price of NOK
21.00 per share in connection with the Company's acquisition of
Kvalitetskontroll through its subsidiary SmartCraft Norway AS. The share
contribution has been settled by way of set off against the respective sellers'
receivable towards the Company.

 

Following registration of the share capital increase with the Norwegian Register
of Business Enterprises (Nw. Foretaksregisteret), the Company's share capital
will be NOK 1,715,223.05, divided into 171,522,305 shares, each with a nominal
value of NOK 0.01.

 

Following completion of the acquisition of Kvalitetskontroll earlier today,
Christer Kleppestø, Bjørn Erik Fjeldstad and Espen Thorbjørnsen are considered
primary insiders of the Company. Please see the attached form of notification
and public disclosure by persons closely associated with the said primary
insiders related to the subscription for the new shares. The form and
information therein is subject to the disclosure requirements in article 19 of
the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of
the Norwegian Securities Trading Act.

 

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.

ATTACHMENTS

PDMR Form.pdf -
https://kommunikasjon.ntb.no/ir-files/17847761/712/906/PDMR%20Form.pdf

en_PDMR Form