This announcement is not for release, publication or distribution (directly or indirectly) in or to the United States, Canada, Australia or Japan. It is not an offer of securities for sale in or into the United States, Canada, Australia, the Hong Kong Special Administrative Region of the People's Republic of China, South Africa or Japan.
Reference is made to the stock exchange announcement made by Hiddn Solutions ASA (the "Company") on 16 November 2017 regarding issuance of new shares in the Company in connection with a private placement of NOK 15 million (the "Private Placement"). Further reference is made to the Company's stock exchange announcements on 18 March 2018 regarding a NOK 30-39 million rights issue (the "Rights Issue").
The Financial Supervisory Authority of Norway has today, 23 March 2018, approved a prospectus (the "Prospectus") in connection with (i) listing on Oslo Børs of 1,615,418 of the shares issued in the Private Placement (the "Private Placement Shares"), temporarily placed under an ISIN (international securities identification number) separate from the Company's other shares pending approval and publication of this Prospectus and (ii) offering and listing of up to 22,379,825 new shares in the Company in connection with the Rights Issue (the "Offer Shares").
The Prospectus will be made public on 26 March 2018, after which the Private Placement Shares will assume the regular ISIN of the Company's shares and become tradable on Oslo Børs.
A stock exchange notice with further information on the Rights Issue will be published prior to commencement of the subscription period on 26 March 2018.
The Prospectus will be made available at www.hiddnsolutions.com and www.dnb.no/emisjoner and will also be available free of charge at the business office of the Company and the manager DNB Markets, a part of DNB Bank ASA.
For further information, please contact:
Carl Espen Wollebekk, CEO
Mobile: +47 930 55 505
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This announcement is not and does not form a part of any offer for sale of any securities, and is not for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Hiddn Solutions ASA does not intend to register its securities in the United States. The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.