Oslo, 12 November 2014: Pursuant to the IPO prospectus for Scatec Solar ASA (the “Company“) dated 12 September 2014, it is announced that Scatec Invest AS and Scatec Solar Ansatte AS have transferred shares in the Company to their shareholders, including as follows:
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A total of 6 554 513 shares transferred from Scatec Invest AS and Scatec Solar Ansatte AS to Scatec AS. Scatec AS owns 27 435 629 shares in the Company subsequent to the transfer, corresponding to a shareholding of 29.24%. In addition Scatec AS owns 100% of the shares in Scatec Solar Ansatte AS that owns 46 710 shares in Company. The total number of shares in the Company controlled by Scatec AS after the transactions are 27 482 339, corresponding to a shareholding of 29.29%.
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399 169 shares transferred from Scatec Invest AS to Belito AS, a company controlled by the Company’s Executive Vice President Product & Asset Management Torstein Berntsen. Subsequent to the transfer Torstein Berntsen, together with consolidated parties, own 678 504 shares in the Company, corresponding to a shareholding of 0.72%.
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199 584 shares transferred from Scatec Invest AS to Buzz Aldrin AS, a company controlled by the Company’s Executive Vice President Business Development Roar Haugland. Subsequent to the transfer Roar Haugland, together with consolidated parties, own 478 024 shares in the Company, corresponding to a shareholding of 0.51%.
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26 312 shares transferred from Scatec Solar Ansatte AS to Snorre Valdimarsson the Company’s Executive Vice President General Counsel. Subsequent to the transfer Snorre Valdimarsson owns 304 752 shares in the Company, corresponding to a shareholding of approximately 0.32%.
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210 828 shares transferred from Scatec Solar Ansatte AS to Ocemar AS, a company controlled by the Company’s Chief Operating Officer Terje Pilskog. Subsequent to the transfer Terje Pilskog, together with consolidated parties, own 489 268 shares in the Company, corresponding to a shareholding of 0.52%.
750 929 of the shares transferred from Scatec Invest AS to Scatec AS are transferred as settlement of debt at a market price of NOK 23 per share. All other transfers are made at the IPO price of NOK 19.
Subsequent to these transfers, and the transfer of 2 546 852 shares in the Company from Scatec Invest AS to other of its shareholders, Scatec Invest AS does not own shares in the Company.
Subsequent to these transfers, and the transfer of 838 533 shares in the Company from Scatec Solar Ansatte AS to other of its shareholders, Scatec Solar Ansatte AS owns 46 710 shares in the Company, corresponding to a shareholding of 0.05 %.
Neither of the above parties own rights to shares in the Company.
This information is subject to the disclosure requirements pursuant to section 4-2 of the Norwegian Securities Trading Act.
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.