NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN
The Company has decided to proceed with the Subsequent Offering of up to 15,000,000 new shares (the "Offer Shares") at a subscription price of
The Subsequent Offering will be directed towards holders of the Company's shares as of
Eligible Shareholders are being granted non-tradable subscription rights (the "Subscription Rights") that, subject to applicable law, provide preferential rights to subscribe for and be allocated
The subscription period for the Subsequent Offering commences tomorrow on
The Company, in consultation with the Managers (as defined below), reserves the right to extend the subscription period for the Subsequent Offering at any time and without any prior written notice and at its sole discretion.
Today, on
The new shares issued in the Private Placement have not been tradable until the approval of the Prospectus. Following approval of the Prospectus, the new shares issued in the Private Placement will be tradable and all shares in the Company is registered in the VPS with ISIN NO0003095309.
The Prospectus and the subscription form for the Subsequent Offering will, subject to regulatory restrictions in certain jurisdictions, be made available at www.arctic.com/secno/en/offerings and www.sb1markets.no and hard copies of the Prospectus may be obtained free of charge at the offices of the Company or by contacting the Managers. The Prospectus is also enclosed hereto, and available from the Company's website www.techstep.io/investor.
Subscribers in the Subsequent Offering who are residents of
Additional information regarding the Subsequent Offering and further instructions regarding the procedures for subscription of the Offer Shares, payment and delivery are included in the Prospectus.
For further information, please contact:
Børge Astrup, CEO,
About
Important information
This announcement is not an offer to sell or a solicitation of any offer to buy any securities of
The securities referred to in this announcement have not been and will not be registered under the
In any EEA Member State, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Regulation, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State. The expression "Prospectus Regulation" means Regulation 2017/1129 as amended together with any applicable implementing measures in any Member State.
This communication is only being distributed to and is only directed at persons in the
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "believe," "expect," "anticipate", "intends", "estimate", "will", "may", "continue", "should" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice. Neither the Company nor the Managers undertake any obligation to review, update, confirm or release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this communication.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. The Company does not undertake any obligation to review, update, confirm, or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.
Neither the Managers nor any of their respective affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities in the Company. Neither the Managers nor any of their respective affiliates accepts any liability arising from the use of this announcement.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
https://news.cision.com/techstep-asa/r/techstep-asa--publication-of-prospectus-and-start-of-subscription-period-in-the-subsequent-offering,c3674866
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