Observe Medical ASA: Exercise of subscription rights and over-subscription by primary insider and close associate of primary insider
Reference is made to the stock exchange announcement published by Observe Medical ASA (the "Company") on 27 November 2023 regarding the allocation of subscription rights (the "Subscription Rights") in the rights issue ("Rights Issue") to primary insiders and close associates. ELI AS, a closely associated person of primary insider Eskild Endrerud which is a board member in the Company, has exercised 6,897,850 Subscription Rights, entitling ELI AS to be allocated 6,897,850 offer shares in the Rights Issue at a price per offer share of NOK 0.26, subject to the Rights Issue being completed.