(Oslo ,30 March 2020 ) The Board of Directors ofHiddn Solutions ASA (Hiddn, OSE: HIDDN) has appointed Lars Christian Stugaard as interim-CEO effective from1 April 2020 . "Lars Christian has extensive management and business development experience and will work closely with the Board of Directors to evaluate value creating M&A opportunities. Hiddn has no interest-bearing debt, has a new Board of Directors and was recently refinanced, providing an attractive platform for value creating business combinations going forward. We thank Jørgen Waaler for his tenure as interim CEO in the transition period," says Martin Nes, chairman of the Board of Directors of Hiddn. Lars Christian Stugaard is appointed interim-CEO of Hiddn from1 April 2020 , succeeding Jørgen Waaler which has served as interim-CEO during the restructuring of the company. Stugaard has been part of the Ferncliff group since 2003, affiliated with board members Øystein Stray Spetalen and Martin Nes. Lars Christian Stugaard has extensive management and business development experience from several listed companies on theOslo Stock Exchange , includingNEL ASA andSelf Storage Group ASA , and holds a BSc fromBI Norwegian School of Management . LCS AS, a company wholly owned by Lars Christian Stugaard, holds 2 113 746 shares inHiddn Solutions ASA . ENDS For further information, please contact: Lars Christian Stugaard, interim CEO: +47 476 30 522 / e-mail: larschristian@ferncliff.no Martin Nes, chairman: + 47 920 14 814 / e-mail: martin@ferncliff.no AboutHiddn Solutions ASA Hiddn Solutions ASA is listed on theOslo Stock Exchange under the ticker HIDDN. The company has completed a business restructuring and currently evaluates value-creating M&A initiatives. Following the restructuring, Hiddn holds no interest-bearing debt and has solid financial flexibility. The new Board of Directors consists of Martin Nes (chairman),Yvonne L. Sandvold and Øystein Stray Spetalen. For more information, please visit: www.hiddnsolutions.no This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
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