Oslo, Norway, 24 January 2022
Reference is made to Xplora Technologies AS’ (“Xplora" or the "Company") stock exchange announcement published on 28 December 2021 regarding the Board of Director's resolution to increase the Company's share capital in a private placement towards Kristin Hellebust pursuant to the share compensation agreement between the Company and Kristin Hellebust dated 14 September 2020.
The share capital increase pertaining to the private placement has now been registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret). The new share capital of the Company is NOK 159,175.40 divided into 39,793,848 shares, each with a par value of NOK 0.004. Each share carries one vote.
Following registration of the new shares in the Norwegian Central Securities Depository (VPS), the new shares will be delivered and listed on Euronext Growth Oslo.
For further information please contact:
Sten Kirkbak, CEO +47 922 03 710
Mikael Clement, CFO +47 990 08 000
Karen Guillot, Business Analyst +47 948 85 859
About Xplora Technologies AS:
Xplora is a platform and services company and an industry leader in the market for children’s smartwatches. Xplora was founded to give children a safe onboarding to the digital life and a better balance between screen time and physical activity. Xplora’s vision is to enable children around the world to experience how their everyday activities can create value and make a positive change in the world. The company is headquartered in Norway with operations in leading European markets.