Brief: ABL Group To Acquire Add Energy

Aqualis ASA

11/07/2022 06:36

July 11 (Reuters) - Abl Group ASA  ABL.OL :
    * ABL GROUP ASA TO ACQUIRE ADD ENERGY
    * IN 2021, ADD ENERGY DELIVERED REVENUES OF NOK 209 MILLION
    * ABL GROUP HAS ENTERED INTO AN AGREEMENT TO ACQUIRE 100
PERCENT
OF SHARES IN ADD ENERGY
    * SHARE PURCHASE WILL BE SETTLED THROUGH A MINOR CASH
CONSIDERATION TO ADD ENERGY'S SHAREHOLDERS
    * ABL GROUP HAS ALSO ENTERED INTO AN AGREEMENT TO ACQUIRE
SUBSTANTIALLY ALL INTEREST-BEARING DEBT IN ADD ENERGY THROUGH A
CONSIDERATION OF NOK 20 MILLION IN ABL GROUP ASA SHARES THAT
WILL BE ISSUED TO ADD ENERGY'S MAIN LENDER
    * TRANSACTION IS EXPECTED TO CLOSE WITHIN NEXT DAYS
    * SUBSCRIPTION PRICE PER NEW SHARE HAS BEEN SET TO NOK
12.64,
BASED ON 15-DAY VALUE WEIGHTED AVERAGE PRICE OF ABL GROUP ASA
SHARES AS OF 8 JULY 2022

Source text for Eikon:  ID:nObidbmwra 
Further company coverage:  ABL.OL 

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