Reference is made to the stock exchange announcement published by EAM Solar AS (the "Company") on 1 October 2025 regarding the approval by the extraordinary general meeting of the Company of a rights issue of up to 20 000 000 new shares ("the "Offer Shares") in the Company, each with a nominal value of NOK 1,0, at a subscription price of NOK 1,0 per share (the "Subscription Price"), raising gross proceeds of up to NOK 20 million (the "Rights Issue").
The Company has published a national prospectus prepared in connection with the Rights Issue (the "Prospectus") as registered in the Norwegian Register of Business Enterprises ("NRBE"). The Prospectus is, subject to local applicable securities laws, available at the website of Norne Securities AS on www.norne.no/EAM
The subscription period for the Rights Issue will commence today, 6 October 2025 at 09:00 hours (CEST) and expire on 20 October 2025 at 16:30 hours (CEST) (the "Subscription Period"). The Subscription Rights (as defined below) will be tradable on Euronext Growth Oslo under the ticker code “EAMT” from today, 6 October 2025 at 09:00 hours (CEST) until 14 October 2025 at 16:30 hours (CEST).
Allocation of Subscription Rights
Shareholders of the Company as of 1 October 2025 (and being registered as such in Euronext Securities Oslo, the Norwegian Central Securities Depository (the "VPS") as of 3 October 2025 pursuant to the two days' settlement procedure (the "Record Date", and such shareholders, the "Existing Shareholders"), have been granted tradable subscription rights (the "Subscription Rights") in the Rights Issue. Each Existing Shareholder has been granted 2.6144 Subscription Rights for each existing share in the Company registered as held by the Existing Shareholder of the Record Date, rounded down to the nearest whole Subscription Right. Each Subscription Right will, subject to applicable law, give the right to subscribe for, and be allocated one (1) new share at the Subscription Price. Oversubscription and subscription without subscription rights will be allowed.
The allocation to, or acquisition of Subscription Rights by, and the subscription of Offer Shares by, persons resident in, or who are citizens of countries other than Norway, may be affected by the laws of the relevant jurisdiction. For a further description of such restrictions, reference is made to the Prospectus.
The Subscription Rights
The Subscription Rights will be tradable and listed on Euronext Growth Oslo from 09:00 hours (CEST) on 6 October 2025 to 16:30 hours (CEST) on 14 October 2025 under the ticker code "EAMT". The Subscription Rights will hence only be tradable during a part of the Subscription Period. Subscription Rights that are (i) not sold before 16:30 hours (CEST) on 14October 2025 or (ii) not used to subscribe for shares in the Rights Issue prior to expiry of the Subscription Period on 20 October 2025 at 16:30 hours (CEST) will lapse without compensation to the holder, and thus be without value.
The Subscription Rights are expected to have an economic value if the Company's shares trade above the Subscription Price during the Subscription Period. Existing Shareholders who do not exercise their Subscription Rights will experience a dilution of their shareholding in the Company.
Conditions
The Rights Issue is conditional upon the following conditions (collectively, the "Conditions"): (i) that the company raises at least NOK 7,649,740 in the Rights Issue; and (ii) that the Company has published the Prospectus as registered in the Norwegian Register of Business Enterprises ("NRBE").
If it becomes clear that the conditions mentioned above will not be fulfilled, the Rights Issue will be withdrawn.
Furthermore, the Rights Issue may be withdrawn, or the implementation of the Rights Issue may be delayed, if the total subscription amount for the Offer Shares is not received by the Company in time or at all. If the Rights Issue is withdrawn, all Subscription Rights will lapse without value, any subscriptions for, and allocations of, Offer Shares that have been made will be disregarded and any payments for Offer Shares that have been made will be returned to the subscribers without interest or other compensation. The lapse of Subscription Rights will be without affecting the validity of any trades in Subscription Rights, and investors will not receive any refund or compensation with respect to Subscription Rights purchased in the market.