Brief: Norbit: Acquisition IoT Start-Up CPS AS, Issuance Of New Shares

Norbit ASA

01/02/2023 06:05

Feb 1 (Reuters) - Norbit ASA  NORBT.OL :
    * ACQUISITION OF THE IOT START-UP CPS AS AND ISSUANCE OF NEW
SHARES
    * TRANSACTION VALUES CPS AT AN ENTERPRISE VALUE OF NOK 13
MILLION,
IMPLYING AN EQUITY VALUE OF NOK 12.6 MILLION
    * CPS WILL BE INCLUDED IN CONNECTIVITY SEGMENT.
    * RESOLVED TO ISSUE 298,059 CONSIDERATION SHARES TO SELLERS
AT A
PRICE OF NOK 30.25107 PER SHARE AS PARTIAL SETTLEMENT

Source text for Eikon:  ID:nGNE1Q6GNH 
Further company coverage:  NORBT.OL 
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