Bulletin from BEWi’s extraordinary general meeting

Bulletin from BEWi’s extraordinary general meeting

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Directed share issue and new Chairman of the Board

On 15 March 2018, BEWi Group AB (publ) (“BEWi”) announced that Frøya Invest AS (“Frøya”) and Gjelsten Holding AS (“Gjelsten”) have agreed to invest a total of SEK 400 million through a directed issue of new shares in BEWi to finance in part BEWi’s acquisition of all the shares in Synbra Holding B.V.

Today, an Extraordinary General Meeting (EGM) resolved upon a new share issue in a total amount of SEK 400 million directed to Frøya and Gjelsten. Further the EGM elected Gunnar Syvertsen as new Chairman of the Board.

Directed share issue

The Meeting resolved on a directed share issue in accordance with the Board of Directors proposal, of SEK 400 million (before the costs of the rights issue) through the issuance of no more than 9,376,465 new shares of series A, resulting in an increase of the share capital of not more than SEK 454,594.

The right to subscribe for new shares shall, with deviation from the shareholders’ preferential rights, exclusively belong to Frøya and Gjelsten, of which Frøya shall have the right to subscribe for not more than 5,157,056 shares of series A and Gjelsten shall have the right to subscribe for not more than 4,219,409 shares of series A.

As communicated on 15 March 2018, Frøya and Gjelsten have agreed to subscribe for such new shares of series A in BEWi in the total amount of SEK 400 million. Frøya is owned by the Bekken family and currently owns 48.5% of the shares in BEWi. Gjelsten is currently not a shareholder of BEWi.

Detailed terms of the share issue are set out in the notice of the extraordinary general meeting available on BEWi’s website www.bewi.com.

Election of Gunnar Syvertsen as Chairman of the Board of Directors

The Meeting resolved to elect Gunnar Syvertsen as new Chairman of the Board of Directors for the period up until the end of the next annual general meeting. Gunnar has been a member of the BEWi board since 2014.

For further information, please contact:

Christian Bekken, CEO, BEWi Group. Tel: +47 905 55 141
Marie Danielsson, CFO, BEWi Group. Tel: +46 70 661 00 47