SATS ASA: Notice of extraordinary general meeting
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Oslo, 17 February 2022: Reference is made to the stock exchange announcement by SATS ASA (“SATS” or the “Company”) published on 16 February 2022 regarding the successful completion of a private placement of new shares (the “Private Placement”).
The Private Placement is divided into two tranches. The first tranche consists of 17,176,338 new shares, which represents approx. 10% of the share capital of the Company (“Tranche 1”). The second tranche consists of 13,623,662 new shares, which represents approx. 7.9% of the share capital of the Company prior to the issuance of the shares in Tranche 1 (“Tranche 2”). On 16 February 2022, the Company’s board of directors resolved to issue the shares in Tranche 1 pursuant to an authorization to increase the share capital granted by the Company’s annual general meeting held on 11 May 2021. Completion of Tranche 2 is subject to (i) completion of Tranche 1, (ii) an extraordinary general meeting resolving to complete Tranche 2 and to allocate and issue the shares in Tranche 2, and (iii) the registration of the share capital increase pertaining to the shares in Tranche 2 with the Norwegian Register of Business Enterprises.
To resolve the issuance of the shares in Tranche 2, the Company’s board of directors calls for an extraordinary general meeting, to be held at the Company’s headquarter at Nydalsveien 28, 0484 Oslo, Norway, on Thursday, 10 March 2022 at 10:30 hours (CET).
The notice for the extraordinary general meeting, including registration and proxy forms, is attached to the stock exchange announcement, and the notice is also available at the Company’s website https://satsgroup.com/.
For further information, please contact:
Cecilie Elde, Chief Financial Officer, phone: +47 924 14 195
Martin Stenshall, acting Finance and Investor Relations Manager, phone: +47 473 38 331
This information is subject to the disclosure requirements of section 5-12 of the Norwegian Securities Trading Act.