Not for release, publication or distribution, in whole or in part, directly or
indirectly, in or into the United States of America (including its territories
and possessions, any state of the United States of America and the District of
Columbia) (the "United States"), Australia, Canada, New Zealand, South Africa,
the Hong Kong Special Administrative Region of the People's Republic of China,
or Japan, or any other jurisdiction in which the distribution or release would
be unlawful.
Oslo, 26 November 2025 -- Xplora Technologies AS, reg. no. 916 752 628
("Xplora") announced on 26 September 2024 a recommended public offer to
acquire all shares in DORO AB, reg. no. 556161-9429 ("Doro"), for a cash
consideration of SEK 34.00 per share. Doro's shares are admitted to trading on
Nasdaq Stockholm, Small Cap ("Nasdaq"). On 15 January 2025, Xplora announced
that it had acquired a total of 21,515,904 shares in Doro, which corresponds
to approximately 88.24 per cent of the share capital and of all outstanding
shares and votes in Doro.
In the period until 28 April 2025 Xplora acquired additional 335,026 shares
for a price of up to SEK 34.00 per share, which brought Xplora's total
holdings of shares in Doro to 21,850,930 shares or 89.62 per cent.
Today, Xplora has entered into an agreement to acquire a total of 94,821
shares in Doro for a price of SEK 40.00 per share (the "Transaction"). After
settlement of the Transaction, Xplora will own a total of 21,945,751 shares in
Doro, corresponding to approximately 90.01 per cent of the share capital and
of all outstanding shares and votes in Doro.
Since Xplora will become the owner of shares corresponding to more than 90.00
per cent of the total number of shares in Doro according to the above, Xplora
intends to initiate compulsory redemption proceedings in accordance with the
Swedish Companies Act (2005:551) to acquire all remaining shares in Doro. In
connection therewith, Xplora also intends to pursue a delisting of Doro's
shares from Nasdaq. Separate stock exchange announcements will be published in
these respects.
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act.
For further information please contact:
Sten Kirkbak, CEO +47 922 03 710, sten.kirkbak@xplora.com
Knut Stålen, CFO +47 920 43 458, knut.stalen@xplora.com
Xplora has retained Setterwalls Advokatbyrå AB and CMS Kluge Advokatfirma AS
as legal advisors and SB1 Markets AS as financial advisor.
About Xplora Technologies AS:
Xplora is a platform and services company delivering technology solutions that
enable families to stay connected and safe. The company designs smart devices
and services for Kids, Youths, and Seniors, combining secure communication
with services promoting physical activity and digital balance. Founded in
Norway, Xplora pioneered the Kids' smartwatch category in Europe and has since
expanded its offering to include phones and solutions for the Youth and Senior
markets. This positions Xplora as a leading European platform for
family-centric services. The company is headquartered in Oslo, Norway with
operations in leading European markets. Xplora is listed on Euronext Growth
under the ticker XPLRA.
Important information
This announcement is for informational purposes only and is not a tender offer
document or a prospectus and, as such, is not intended to constitute or form
any part of an offer or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of any securities or the
solicitation of any vote or approval in any jurisdiction.