3.8.2023 23:41:59 CEST | Aqua Bio Technology ASA | Mandatory notification of
trade primary insiders
Reference is made to the stock exchange announcements made by Aqua Bio
Technology ASA ("ABT" or the "Company") on 23 July 2023 regarding the Company
entering into an agreement in principle with the shareholders of Skinteam Norge
AS (the "Sellers") ("Skinteam") and the stock exchange announcements on 23 and
24 July 2023 regarding the Private Placement and the contemplated Subsequent
Offering as described therein. Reference is furthermore made to the stock
exchange notice earlier today, 3 August 2023, regarding entry into of a final
agreement for the Company's acquisition of Skinteam, which also included
information on the Company having secured voting undertakings from shareholders
representing more than 2/3 of the shares in the Company to where they have
undertaken to vote in favour of all resolutions necessary to implement the
Private Placement and the contemplated Subsequent Offering in the upcoming
extraordinary general meeting (the "EGM") that will be held on 24 August 2023.
As a consequence of the voting undertakings, the conditions for completion of
the Private Placement will be satisfied and it is therefore considered to
correct to disclose the transactions for primary insiders and their close
associates at this time. The share capital increase relating to the Private
Placement will be approved by an extraordinary general meeting of the Company,
to be held on 24 August 2023.
Among the subscribers in the Private Placement were the following primary
insiders and close associates of primary insiders in ABT:
* RH Investments AS, a company controlled by Board member Roger Hofseth, has
been allocated 4,133,333 new shares in the Private Placement, each at the
subscription price of NOK 3.00, for a total subscription amount of NOK
12,399,999;
* World Heritage Salmon AS, a company controlled by Board member Roger Hofseth,
has been allocated 366,666 new shares in the Private Placement, each at the
subscription price of NOK 3.00, for a total subscription amount of NOK
1,099,998;
* Roger Hofseth, Board member, has been allocated 45,833 new shares in the
Private Placement, each at the subscription price of NOK 3.00, for a total
subscription amount of NOK 137,500;
* Manville AB, a company controlled by Board member Jan Pettersson, has been
allocated 666,666 new shares in the Private Placement, each at the
subscription price of NOK 3.00, for a total subscription amount of NOK
1,999,998;
* Initia AB and Swelandia AB, companies controlled by Board member Jan
Pettersson, has been allocated 1,852,691 new shares in the Private Placement,
each at the subscription price of NOK 3.00, for a total subscription amount
of NOK 5,558,073;
* Ice Capital AS, a company controlled by CEO Håvard Lindstrøm, has been
allocated 183,333 new shares in the Private Placement, each at the
subscription price of NOK 3.00, for a total subscription amount of NOK
549,999;
* Dirigent AS, a company controlled by Per Egil Borge (Chairman of the Board of
Skinteam Norge AS) has been allocated 3,058,211 new shares in the Private
Placement, each at the subscription price of NOK 3.00, for a total
subscription amount of NOK 9,174,633;
* Face2Face Holding AS, a company controlled by Gun Anita Lyseng (COO of
Skinteam Norge AS) has been allocated 716,842 new shares in the Private
Placement, each at the subscription price of NOK 3.00, for a total
subscription amount of NOK 2,150,526; and
* Bjørn Sigurd Johansen, Director on the Board of Skinteam Norge AS, has been
allocated 1,003,528 new shares in the Private Placement, each at the
subscription price of NOK 3.00, for a total subscription amount of NOK
3,010,584.
Please also see the attached notification forms for further information.
For further information, please contact Håvard Lindstrøm, CEO, telephone +47 941
32 288.
Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. ABT's focus on commercialization and development of natural
ingredients and natural skin care products has been, and will continue to be, an
important part of the Company's strategy going forward. Aqua Bio Technology is
listed on the Euronext Expand market of the Oslo Stock Exchange.
DISCLOSURE REGULATION
This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.
CONTACTS
* Håvard Lindstrøm, 004794132288, hl@aquabiotech.no
ABOUT AQUA BIO TECHNOLOGY ASA
Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.
ATTACHMENTS
Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3513/Download%20announcement
%20as%20PDF.pdf
Notification form Ice Capital.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3504/Notification%20form%20%
20Ice%20Capital.pdf
Notification form Manville.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3505/Notification%20form%20%
20Manville.pdf
Notification form Roger Hofseth.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3506/Notification%20form%20%
20Roger%20Hofseth.pdf
Notification form Dirigent AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3507/Notification%20form%20%
20Dirigent%20AS.pdf
Notification form Initia Swelandia.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3508/Notification%20form%20%
20Initia%20Swelandia.pdf
Notification form RH Investments AS.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3509/Notification%20form%20%
20RH%20Investments%20AS.pdf
Notification form World Heritage Salmon.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3510/Notification%20form%20%
20World%20Heritage%20Salmon.pdf
Notification form Face2Face Holding.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3511/Notification%20form%20%
20Face2Face%20Holding.pdf
Notification form Bjorn Sigurd Johansen.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2528/3512/Notification%20form%20%
20Bjorn%20Sigurd%20Johansen.pdf
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