Key information relating to a subsequent offering in Hiddn Solutions ASA
Date on which the terms and conditions of the repair offering were announced: 18 July 2019
Last day including right: 17 July 2019
Ex-date: 18 July 2019
Record date: 19 July 2019
Date of approval: Scheduled to be approved by an extraordinary general meeting in the Company to be held on or about the end of August 2019 or start of September 2019
Maximum number of new shares: 60,000,000
Subscription price: NOK 0.05, equaling the proposed new nominal value of the Company's shares*
Other information:
The subsequent offering is contemplated to be made in connection with a private placement of NOK 8,550,000, including a debt conversion of NOK 1,652,700 (the "Private Placement"), by issuance of 171,000,000 new shares in the Company at a subscription price equaling a new proposed nominal value of the Company's shares of NOK 0.05. The subsequent offering is conditioned on approval by an extraordinary general meeting in the Company (the "EGM") and also subject to the same EGM approving a share capital decrease in the Company by decrease of the nominal value of the Company's shares to NOK 0.05 and the Private Placement as further described in the stock exchange announcement by the Company on 17 July 2019.
* The subscription price does not reflect the 20:1 reverse share split of the Company's shares resolved at the Company's annual general meeting on 28 June 2019, giving the Company's board of directors an authorization to finally carry out the reverse share split. It is contemplated that the 20:1 reverse split will be carried out prior to issuance of shares in the Private Placement and the subsequent offering, entailing that the nominal value of the Company's shares in the subsequent offering upon issuance to the participants will be NOK 1.
This information is published in accordance with the requirements of the Continuing Obligations.
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