Reference is made to the stock exchange announcement of Endúr ASA ("Endúr" or the "Company") on5 March 2021 regarding completion of Phase 1 of the acquisition of 100% of the outstanding shares in Marcon-Gruppen iSverige AB ("Marcon Transaction") and the stock exchange announcement of the Company of11 January 2021 where the Company announced the entering into of a share purchase agreement with Artec Holding AS to acquire 100 percent of the shares inArtec Aqua AS ("Artec Aqua Transaction"), a leading turnkey supplier of land-based aquaculture facilities and solutions renowned for its superior water treatment solutions design. Reference is further made to the stock exchange announcement of the Company on10 March 2021 regarding the Company's extraordinary general meeting (the "EGM"). The Company is pleased to announce that Phase 2 of the completion of the Marcon Transaction has now successfully been completed, and the purchase price for the remaining 65% of the shares in Marcon-Gruppen iSverige AB has been settled by a cash payment ofSEK 260,000,000 . Phase 1 of the Marcon Transaction was completed through the issuance of 106,230,838 consideration shares in the Company at a subscription price ofNOK 1.33 per share on 5 March, please see the stock exchange announcement of5 March 2021 . Further, the Company is also pleased to announce that the Artec Aqua Transaction has been successfully completed. The Company has, through its wholly-owned subsidiary, Endúr BidCo AS, acquired all of the shares in Artec Aqua AS for a purchase price ofNOK 702.5 million (the sum of the agreed purchase price ofNOK 690,000,000 and the incurred locked-box interest), where 50% of the purchase price has been settled by 296,128,789 consideration shares in Endúr at a subscription price ofNOK 1.1861 per share ("Artec Holding Consideration Shares"), and 50% in cash. The board of directors of Endúr has today,12 March 2021 , resolved to issue the Artec Holding Consideration Shares pursuant to a board authorization granted by the EGM on10 March 2021 . The Company's share capital will be increased byNOK 2,961,287.89 by issuance of 296,128,789 new shares, each with a nominal value ofNOK 0.01 . The Artec Holding Consideration Shares are expected to be delivered to the seller following registration of the share capital increase in theNorwegian Register ofBusiness Enterprises , expected on or about15 March 2021 . TheArtec Holding Consideration Shares will be issued on a separate ISIN and will be listed and tradable on Oslo Børs following publication of a prospectus expected to be approved by theFinancial Supervisory Authority of Norway in the beginning ofApril 2021 . As set out in the stock exchange announcement of11 January 2021 , the Artec Holding Consideration Shares are subject to lock-up restrictions vesting over a 24 month period from the closing date. The cash payments of both the Marcon Transaction and the Artec Aqua Transaction have been financed by the proceeds from theNOK 1,100 million senior secured bond, issued by the Company on3 March 2021 . Please refer to the stock exchange announcement of15 February 2021 . This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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