Brief: Kahoot ASA: General Atlantic Acquires 15% stake

Kahoot ASA

16/09/2022 07:41

Sept 16 (Reuters) - Kahoot ASA  KAHOT.OL :
    * GENERAL ATLANTIC FT BV HAS ON 16 SEPTEMBER 2022 ENTERED
INTO AN
AGREEMENT WITH SB NORTHSTAR LP
    * TO PURCHASE ALL OF SOFTBANK'S SHARES IN KAHOOT! ASA,
CONSTITUTING 73,500,000 SHARES AND REPRESENTING 15.02% OF ISSUED
SHARE CAPITAL
    * TRANSACTION WILL BE COMPLETED IN TWO TRANCHES, WHEREBY
PURCHASE
OF 44,029,228 SHARES, REPRESENTING 9.00% OF COMPANY'S SHARE
CAPITAL, IS EXPECTED TO BE COMPLETED ON OR ABOUT 26 SEPTEMBER
2022
    * PURCHASE OF 29,470,772 SHARES, REPRESENTING 6.02% OF
COMPANY'S
SHARE CAPITAL, IS EXPECTED TO BE COMPLETED IN Q4 2022
    * FOLLOWING COMPLETION OF TRANSACTION, GENERAL ATLANTIC FT
BV WILL
OWN IN TOTAL 73,500,000 SHARES AND VOTES IN CO

Source text for Eikon:  ID:nObiDlXG9a 
Further company coverage:  KAHOT.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))