TECHSTEP HAS COMPLETED THE ACQUISITIONS OF CONNEQTED 365 AB AND WIZOR AS
Reference is made to the announcement on 20 June 2018 regarding Techstep ASA exercising its right to acquire the remaining 49% of the shares in Conneqted 365 AB (“Conneqted”), and the announcement on 26 June 2018 regarding the agreement to acquire 100% of the shares in Wizor AS (“Wizor”). Techstep has today completed these acquisitions and assumed 100% ownership of Conneqted and Wizor. In connection with the acquisitions, the board of directors of Techstep has resolved to issue 4,868,723 new Techstep shares (“Consideration Shares”) at par value of NOK 1 per share, of which 2,500,302