Oslo, 23 June 2025
Reference is made to the stock exchange announcement made by Fjord Defence Group ASA (previously Aquila Holdings ASA, the "Company") on 20 June 2025 regarding the successful completion of the Company's acquisition of 100% of the shares in Fjord Defence AS (the "Acquisition") and the extraordinary general meeting of the Company held the same day (the "EGM") in connection with inter alia completion of the Acquisition.
Reference is further made to the stock exchange announcement made by the Company earlier today regarding the registration with the Norwegian Register of Business Enterprises of the EGM's resolutions to inter alia increase the share capital by the issuance of (i) 75,000,000 new shares in the private placement announced on 27 May 2025, and (iii) 175,187,968 new shares as part settlement of the consideration payable by the Company in the Acquisition (together, the "Share Capital Increases").
Following registration of the Share Capital Increases, the relative holdings of the following shareholders have fallen below the disclosable thresholds pursuant to section 4-2 of the Norwegian Securities Trading Act:
– Investeringsfondet Viking AS' holding of 25,695,132 shares in the Company (including 1,977,500 shares allocated in the private placement) has decreased to approx. 5.30% of the shares and votes in the Company, thereby falling below the 10% disclosable threshold; and
– F2 Funds AS' holding of 23,346,200 shares in the Company (including 2,500,000 shares allocated in the private placement) has decreased to approx. 4.81% of the shares and votes in the Company, thereby falling below the 5% disclosable threshold.
Furthermore, following registration of the Share Capital Increases, the Company's holding of 12,906,861 treasury shares has decreased to approx. 2.66% of the share capital in the Company, thereby falling below the 5% disclosable threshold.
For more information please contact:
Jon Asbjørn Bø
jon.asbjorn.bo@fjorddefence.com
+47 930 86 932
About Fjord Defence Group ASA
Fjord Defence Group ASA ("DFENS") is a Norwegian compounder listed on Euronext Expand seeking to acquire and develop fast-growing, profitable, and well-run companies in the defence industry. The company has a buy & build strategy, with focus on acquiring established, profitable businesses within the defence, security and related segments. More information on www.fjorddefencegroup.com.
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This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.