Pyrum Innovations AG - PYRUM - End of stabilisation and partial exercise of greenshoe option
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Oslo - 1 November 2021.
Reference is made to the stock exchange notice published by Pyrum Innovations AG (the "Company") on 30 September 2021, regarding potential stabilisation activities in connection with a private placement in the Company (the "Offering") and the admission to trading of the Company's shares on Euronext Growth Oslo (the “Admission”).
Pareto Securities AS (the "Stabilisation Manager"), acting as stabilisation manager in connection with the Offering, hereby gives notice that the stabilisation period has ended. Stabilisation activities have been undertaken on Euronext Growth Oslo during the stabilisation period. The stabilisation activities first occurred on 30 September 2021 and last occurred on 29 October 2021. A total of 62,839 shares in the Company have been purchased as part of the stabilisation activities. The shares were purchased at a volume weighted average price of NOK 599.6206 per share and within the daily price ranges set out in the attached stabilisation notice.
As a consequence of the stabilisation activities taken, the Stabilisation Manager has on 29 October 2021 in part exercised its greenshoe option to purchase shares in the Company from Amel Holding S.A. and Julien Paul René Dossmann (collectively the "Share Lenders"), on a 50 / 50 basis. 5,161 existing shares in the Company will be purchased from the Share Lenders under the greenshoe option at a strike price (equal to the offer price in the Offering) of NOK 610 per share.
The shares purchased through stabilisation activities will be redelivered to the Share Lenders in accordance with the terms of the share lending and greenshoe option agreement entered into between the Company, the Share Lenders and the Stabilisation Manager in connection with the Offering.
This information is subject of the disclosure requirements pursuant to Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 sections 6 (3) and 8.
Advisors:
Pareto Securities AS (the “Manager”) is engaged as sole manager and sole bookrunner to the Company in connection with the Offering and Admission. Advokatfirmaet Selmer AS and Dentons Europe LLP are acting as legal advisors and IR.on is acting as Financial PR advisor to the Company, while Advokatfirmaet BAHR AS and Hogan Lovells International LLP are acting as legal advisor to the Manager.
For further information, please contact:
Pareto Securities AS
Martin Øberg Sjøstedt
Head of ECM Norway
Tel: +47 22 87 87 14
Important Notice:
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and accordingly may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to "qualified institutional buyers" as defined in Rule 144A under the Securities Act.
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", "strategy", "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 believe 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 their control. Actual events may differ significantly from any anticipated development due to a number of factors, including without limitation, changes in public sector investment levels, changes in the general economic, political and market conditions in the markets in which the Company operates, the Company's ability to attract, retain and motivate qualified personnel, changes in the Company's ability to engage in commercially acceptable acquisitions and strategic investments, and changes in laws and regulation and the potential impact of legal proceedings and actions. 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 Company does not make any guarantee that the assumptions underlying the forward-looking statements in this announcement are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this announcement or any obligation to update or revise the statements in this announcement to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this announcement.
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 Manager nor any of its 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 of the Company. Neither the Manager nor any of its affiliates accepts any liability arising from the use of this announcement.
The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.