Lokotech Group AS ("Lokotech Group" or "the Company")
The company's auditor has confirmed the Board's resolution to increase the share
capital of Lokotech Group by issuing 2,798,847 shares, each with a nominal value
of 0.05 Norwegian Kroner (NOK). This issuance forms part of the consideration
for acquiring 66.65% of Powerpool Mining SL, as per public notice dated the 30th
of January 2024. The Shares are issued at a value 1.8 NOK/share. 1,554,915 of
the shares are locked up 3 months, while the remaining 1,243,932 of the shares
are locked up 6 months as per public notice dated 28th of May. The share
issuance is resolved pursuant to an authorization to increase the Company's
share capital granted by the annual general meeting of shareholders on 1st June
2023.
Following the registration of the share capital increase with the Norwegian
Register of Business Enterprises (Nw. Foretaksregisteret), the new share capital
of the Company will in total be NOK 8,799,942.35, divided into 175,998,847
shares, each with a nominal value of NOK 0.05. The share capital increase will
be registered with the Norwegian Register of Business Enterprises as soon as
practically possible.
Also, board members Susheel Nuguru and Wiktor Miesok have each been granted
150,000 options in recognition of their valuable contributions to the company in
their tech committee roles, which far exceed the expectations of their board
positions alone. The options were issued pursuant to an authorization granted to
the board of directors by the general meeting of shareholders on 2nd of May
2023. The options have a flexible strike price of NOK 0.978 plus 20% of the
difference between strike price and the market price at the time of exercise.
The options expire on 2 May 2025.
For more information, contact post@lokotech.no.
This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.