ABAX Group AS – Announcement of Fixed Income Investor Meetings

Larvik (Norway), January 8, 2025 – ABAX Group AS (“ABAX” or the “Company”) has mandated DNB Markets as Global Coordinator and Joint Bookrunner, and Carnegie AS as Joint Bookrunner, to arrange a series of fixed-income investor calls commencing on January 9, 2025. A four-year SEK-denominated senior secured bond issue may follow, subject to inter alia market conditions. 

The net proceeds from the contemplated bond issue are intended to be used for refinancing of the Company’s existing NOK 1,000M senior secured bonds with ISIN NO0010885312 (the “Existing Bonds”) and general corporate purposes. 

The Existing Bonds will be redeemed in full at the prevailing call price, subject to a successful placement of new bonds.

This information is inside information pursuant to the EU Market Abuse Regulation ("MAR") and is subject to the disclosure requirements pursuant to MAR article 17 and Section 5-12 of the Norwegian Securities Trading Act. This information was published by Sofia Toll, CMO of ABAX at 07:30 AM CET on the 8th of January 2025. 

For more information please contact: 

Emma Dyga, CEO, ABAX 
Email: emma.dyga@abax.com 
Phone: +46 73 439 06 52 

John Ole Moe, CFO, ABAX 
Email: john.moe@abax.com 
Mobile: +47 95 26 87 01 

About ABAX 

ABAX is a leading European telematics IoT platform offering connected mobility solutions for vehicle tracking, tool tracking, and equipment control. Our mission is to provide mobility data insights that help customers optimize field operations, comply with regulations, and achieve significant savings. With over 500,000 tracked assets and 40,000 customers, ABAX delivers reliable and powerful solutions for businesses relying on field workforces, logistics, and heavy equipment. Our advanced platform transforms customer needs into actionable insights and automated reporting, driving efficiency and operational excellence.