Geveran Trading Co. Limited ("Geveran"), a company indirectly controlled by trusts established by Mr.John Fredriksen for the benefit of his immediate family, has on5 January 2021 subscribed 50,000,000 new shares inAxactor SE ("Axactor "). On the same date, the 12,779,950 shares that were conditionally allocated to Geveran in the private placement on9 December 2020 , became unconditional. All new shares were subscribed atNOK 8 per share. Following the issuances of the new shares inAxactor , Geveran will own 122,017,772 shares, representing 44.31% of the outstanding share capital and voting rights. The foregoing calculations are based on 275,395,464 outstanding shares inAxactor . Geveran has confirmed that it will extend a mandatory offer to for the remaining shares ofAxactor . This information is subject to the disclosure requirements set out in section 4-2 of the Norwegian Securities Trading Act.
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