Reference is made to the stock exchange announcement published by Flyr AS (the
"Company") on 8 November 2021 regarding a contemplated fully underwritten rights
issue in the Company, to raise gross proceeds of NOK 250 million (the "Rights
Issue"). Key information relating to the Rights Issue is set out below.
Date on which the terms and conditions of the preferential rights issue were
announced: 22 December 2021
Last day including right: 4 January 2022
Ex-date: 5 January 2022
Record Date: 6 January 2022
Date of approval: 4 January 2022
Maximum number of new shares: Will be determined and announced after market
close on 4 January 2022, see "other information" below
Subscription price: Will be determined and announced after market close on 4
January 2022, see "other information" below
Ratio preferential rights: To be announced when final number of new shares is
determined
Subscription ratio: To be announced when final number of new shares is
determined
Managers: Arctic Securities AS, Carnegie AS and SpareBank 1 Markets AS
Will the rights be listed - yes/no: The Company has applied for listing of the
preferential rights on Euronext Growth Oslo
ISIN for the preferential rights: To be announced when clarified
Other information: The Rights Issue is fully underwritten. In accordance with
the underwriting agreement, the subscription price in the Rights Issue is
proposed by the board to be the theoretical ex rights price (TERP) based on the
volume-weighted average price (VWAP) of the Company's shares on Euronext Growth
Oslo on the date of the extraordinary general meeting (the "EGM"), less a
discount of at least 30%. The final discount and the subscription price for the
new shares to be issued in the Rights Issue, and, thus, the number of new shares
and the amount of the share capital increase in the Rights Issue, will be
announced through a stock exchange announcement as soon as possible after market
close on 4 January 2022 and be reflected in the final proposed resolution to the
EGM. Please refer the notice for the EGM for further information, published by
the Company today on 22 December 2021.
This information is published in accordance with the requirements of the
Continuing Obligations.