6 October 2025: Reference is made to the stock exchange notice by EQVA ASA (the
"Company") published on 3 March 2025 regarding the business combination with
Austevoll Rørteknikk AS ("ART").
The transaction has now been closed. Due to delays in the Seller's
reorganization, the closing was finalized later than previously estimated.
The consideration is settled with a combination of EQVA shares, a cash component
and a conditional earn-out.
NOK 5.95 million of The Consideration is settled by the issuance of 1 216 769
shares in EQVA ("The Consideration Shares") to the sellers at a subscription
price of NOK 4.89 per Consideration Share (VWAP 30 days). The Consideration
Shares will be subject to a lock-up period, with 50 percent of The Consideration
Shares being released after 12 and 24 months from the date of the completion of
the acquisition, respectively.
NOK 5.95 million of the consideration is settled in cash. The cash component is
financed by cash within the Group.
The performance based earn-out shall in any event not exceed NOK 12.1 million.
At the time of the earn-out settlement in 2027, EQVA decides whether the
earn-out shall be settled in cash, shares of EQVA ASA, or a combination thereof.
About Austevoll Rørteknikk (ART)
ART was established in 2011 and specializes in piping services, maintenance,
prefabrication, and specialized installations for aquaculture and related
industries. ART is headquartered in Austevoll, Vestland, and operates all over
Norway.
For more information, please contact:
Tore Thorkildsen, CEO EQVA. Phone: + 47 901 60 741
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.