Komplett ASA: Minutes from extraordinary general meeting
Oslo, 16 March 2022: Komplett ASA (the "Company" or "Komplett"). Reference is made to the stock exchange announcement on 23 February 2022, where the Company called for an extraordinary general meeting in Komplett for the purposes of resolving certain matters in connection with its contemplated acquisition of NetOnNet AB (as announced on 9 February 2022) (the "Transaction").
The extraordinary general meeting of Komplett was held today, on 16 March 2022, at 11:00 (CET) at the offices of Advokatfirmaet Thommessen AS, Ruseløkkveien 38, 13th floor, 0251 Oslo, Norway.
As follows from the attached minutes, all resolutions proposed by the board of directors (in line with the nomination committee's recommendations) were approved. This included (i) issuing 35,242,424 new shares in Komplett to SIBA Invest Aktiebolag at closing of the Transaction, (ii) granting the board of directors an authorization to issue new shares in connection with a contemplated equity capital transaction to finance the cash consideration of the acquisition of NetOnNet AB, and (iii) making certain changes to the composition of the board of directors and nomination committee, effective from and subject only to completion of the Transaction, in order to provide SIBA Invest Aktiebolag with representation in light of its post-Transaction ownership interest in Komplett.
Completion of the Transaction is still subject to customary closing conditions, including required clearances from competition authorities in Norway and Sweden.
For further inquiries, please contact:
Kristin Hovland, Head of Communication
Kristin.Hovland@komplett.com
Krister Pedersen, CFO
Krister.Pedersen@komplett.com
About Komplett ASA
Komplett Group is a leading online-first electronics and IT products retailer, operating in Norway, Sweden and Denmark. Serving customers in the B2C, B2B and distribution markets, the Group is deeply focused on delivering best in class customer experience, built through decades of knowhow, expertise and deep customer commitment. Komplett Group operates an efficiency and scalable business model that supports costs leadership and enables a competitive product offering.