ABG Sundal Collier : Elektroimportøren - Stabilisation and over-allotment notice

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Elektroimportøren - Stabilisation and over-allotment notice

Reference is made to the announcement on 14 December 2020, whereby
Elektroimportøren AS ("Elektroimportøren" or the "Company", trading symbol
"ELIMP") announced the successful completion of an offering of existing shares
by shareholders in the Company (the "Offering") in connection with admission of
the Company's shares on Euronext Growth Oslo (the "Listing"). 

ABG Sundal Collier ASA (the "Stabilisation Manager") may engage in stabilisation
activities from today, 16 December 2020, to, and including, 14 January 2021 (the
"Stabilisation Period"). Any stabilisation transactions will be aimed to support
the market price of the shares in the Company.

In connection with the Offering, the Managers (as defined below) have
over-allotted a total of 1,250,000 shares in the Company to the applicants. In
order to permit delivery in respect of such over-allotments made, Herkules
Private Equity IV (Jersey-I) L. P. and Herkules Private Equity IV (Jersey-II) L.
P. (collectively, "Herkules") have lent to the Stabilisation Manager a number of
existing shares in the Company equal to the number of over-allotted shares. 

Further, Herkules has granted to the Stabilisation Manager an over-allotment
option to purchase from them, up to 1,250,000 shares in the Company at a price
per share of NOK 48.25, which is equal to the offer price per offer share in the
Offering (the "Offer Price") (the "Greenshoe Option"). This over-allotment
option is exercisable, in whole or in part, by the Stabilisation Manager within
the Stabilisation Period. The Stabilisation Manager may close out the short
position created by over-allotting shares in the Offering by buying shares in
the open market through stabilisation activities and/or by exercising the
over-allotment option.

The Stabilisation Manager may effect transactions with a view to supporting the
market price of the shares in the Company at a level higher than what might
otherwise prevail, through buying shares in the Company in the open market at
prices equal to or lower than (but not above) the Offer Price. There is no
obligation on the Stabilisation Manager to conduct stabilisation activities and
there can be no assurance that stabilisation activities will be undertaken. If
stabilisation activities are undertaken, they may be discontinued at any time,
and must be brought to an end upon or before expiry of the Stabilisation Period.

Within one week following the expiry of the Stabilisation Period, the
Stabilisation Manager will publish an announcement under the Company's ticker on
the electronic bulletin board of Euronext Growth Oslo, www.newsweb.oslobors.no,
with information as to whether or not it has undertaken any stabilisation
activities, including the total number of shares sold and purchased, the date at
which the stabilisation activities commenced, the date at which stabilisation
activities last occurred and the price range within which stabilisation was
carried out for each of the dates where stabilisation transactions were made.

Any stabilisation activities will be conducted based on the principles set out
in Section 3-12 of the Norwegian Securities Trading Act and the EC Commission
Regulation 2273/2003.

Advisors:

ABG Sundal Collier ASA is acting as Global Coordinator in respect to the
Offering and the Listing (the "Global Coordinator"). DNB Markets, a part of DNB
Bank ASA is acting as Joint Bookrunner in connection with the Offering (together
with the Global Coordinator, the "Managers"). 

Advokatfirmaet Wiersholm AS is acting as legal counsel in connection with the
Offering and the Listing.

For further information, please contact:

Petter Bjørnstad
CFO and IR responsible
[e-mail]
Tlf: [phone]

Important Notice

These materials do not constitute or form a part of any offer of securities for
sale or a solicitation of an offer to purchase securities of the
Elektroimportøren AS in the United States or any other jurisdiction. The
securities of the Company may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities Act of
1933, as amended (the "U.S. Securities Act"). The securities of the Company have
not been, and will not be, registered under the U.S. Securities Act. Any sale in
the United States of the securities mentioned in this communication will be made
solely to "qualified institutional buyers" as defined in Rule 144A under the
U.S. Securities Act. No public offering of the securities will be made in the
United States.

In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
EU Prospectus Regulation, i.e., only to investors who can receive the offer
without an approved prospectus in such EEA Member State. The expression "EU
Prospectus Regulation" means Regulation (EU) 2017/1129 of the European
Parliament and of the Council of 14 June 2017 (together with any applicable
implementing measures in any Member State).

In the United Kingdom, this communication is only addressed to and is only
directed at Qualified Investors who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling
within Article 49(2)(a) to (d) of the Order (high net worth companies,
unincorporated associations, etc.) (all such persons together being referred to
as "Relevant Persons"). These materials are directed only at Relevant Persons
and must not be acted on or relied on by persons who are not Relevant Persons.
Any investment or investment activity to which this announcement relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. Persons distributing this communication must satisfy themselves that it
is lawful to do so.

This statement contains certain forward-looking statements (as such defined in
Section 21E of the U.S. Securities Exchange Act of 1934, as amended) concerning
future events, including possible issuance of equity securities of the Company.
Forward-looking statements are statements that are not historical facts and may
be identified by words such as "anticipate", "believe", "continue", "estimate",
"expect", "intends", "may", "should", "will" and similar expressions. The
forward-looking statements in this release are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the Company
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Such risks, uncertainties, contingencies and
other important factors, , include, but are not limited to, the possibility that
we will determine not to, or be unable to, issue any equity securities, and
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. The information,
opinions and forward-looking statements contained in this announcement speak
only as at its date, and are subject to change without notice.

This announcement is made by and, and is the responsibility of, the Company. The
Managers are acting exclusively for the Company and no one else and will not be
responsible to anyone other than the Company for providing the protections
afforded to their respective clients, or for advice in relation to the contents
of this announcement or any of the matters referred to herein. Neither the
Managers nor any of their respective affiliates makes any representation as to
the accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein.

This announcement is for information purposes only. It is not intended as
investment advice and under no circumstances is it to be used or considered as
an offer to sell, or a solicitation of an offer to buy any securities or a
recommendation to buy or sell any securities of the Company. Neither the
Managers nor any of their respective affiliates accepts any liability arising
from the use of this announcement.

Each of the Company, the Managers and their respective affiliates expressly
disclaims any obligation or undertaking to update, review or revise any
statement contained in this announcement whether as a result of new information,
future developments or otherwise.

The Offering may be influenced by a range of circumstances, such as market
conditions, and there is no guarantee that the Offering will proceed and that
the Listing will occur.

Certain figures contained in this document, including financial information, may
have been subject to rounding adjustments. Accordingly, in certain instances,
the sum or percentage change of the numbers contained in this document may not
conform exactly with the total figure given.

The distribution of this announcement and other information may be restricted by
law in certain jurisdictions. Persons into whose possession this announcement or
such other information should come are required to inform themselves about and
to observe any such restrictions. Specifically, neither this announcement nor
the information contained herein is for publication, distribution or release, in
whole or in part, directly or indirectly, in or into or from the United States
(including its territories and possessions, any State of the United States and
the District of Columbia), Australia, Canada, Hong Kong Japan or any other
jurisdiction where to do so would constitute a violation of the relevant laws of
such jurisdiction. The publication, distribution or release of this announcement
may be restricted by law in certain jurisdictions and persons into whose
possession any document or other information referred to herein comes should
inform themselves about and observe any such restriction. Any failure to comply
with these restrictions may constitute a violation of the securities laws of any
such jurisdiction.

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