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    HUDL ME   NO0010859648

HUDDLESTOCK FINTECH AS

(HUDL ME)
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Huddlestock Fintech AS (OSE: HUDL) Notification of trade by primary insider.

09/06/2021 | 01:39am EDT
PRESS RELEASE

Huddlestock Fintech AS (OSE: HUDL) Notification of trade by primary insider.

(Stavanger, NORWAY - 6 September 2021)  On September 3rd 2021, a consortium of
investors, including Huddlestock Fintech co-founders Michel van Tol, Peter van
Kleef and Murshid M. Ali, have concluded an agreement to acquire 49% of the
Danish FinTech company MakeImpact! ApS through a share-swap involving
Huddlestock Fintech shares.   

The share-swap agreement has been concluded outside of the remits of Huddlestock
Fintech AS and the below is purely for informational purposes pertaining to
transparency and reporting of primary insider trade.

The acquisition will be financed through a share-swap agreement between the
consortium and MakeImpact! ApS, whereby the current owner(s) of MakeImpact! ApS
will receive shares in Huddlestock Fintech AS in exchange for shares in
MakeImpact! ApS. 

A total amount of 773,810 Huddlestock Fintech AS shares will be transferred in
exchange for a 49% stake in MakeImpact! ApS with a NOK 4.20 reference price.   

To finance the share-swap agreement with MakeImpact! ApS:

Murshid M. Ali will be selling 309,524 shares in Huddlestock Fintech AS. 
Subsequent to the sale Murshid M. Ali will own 6,268,141 shares in Huddlestock
Fintech AS through his company Berker Group AS

Peter van Kleef will be selling 309,524 shares in Huddlestock Fintech AS. 
Subsequent to the sale Peter van Kleef owns 20,589,222 shares in Huddlestock
Fintech AS through his company Blue Oceans Enterprises Ltd.

This information is subject to the disclosure requirements pursuant to sections
4-4 and 5-12 of the Norwegian Securities Trading Act. 

For questions, please contact investor relations.

CONTACTS:
John E. Skajem, CEO, +47 418 87 412, jes@huddlestock.com 
Cecilia Luras, Director of Strategy & IR, +44 75 0090 5131, col@huddlestock.com 

To see all press and investor releases please have a look in the investor
relations section of our corporate website
www.huddlestock.com/investor-relations 

About Huddlestock Fintech:
Huddlestock Fintech AS was listed on Euronext Growth Market 26 November 2020, as
Norway's first fintech company to be publicly traded. Huddlestock Fintech is a
company that develops and implements unique software as a service-solutions for
digitizing work processes for custody banks, asset managers and trading venues. 

The open, compliance-optimized and data centric wealthtech platform allows our
customers to offer a differentiated real-time product that reduces cost and
increases efficiency. Huddlestock Fintech's technology enables end-to-end
digital services such as onboarding, client communication, reporting, order
execution and portfolio management, all executed on the same platform. 

Huddlestock has developed two technology solutions, Apex (Custody) and Bedrock
(Connectivity). Apex is a software as a service-solution that links custody
services with asset managers and individual investors. Bedrock provides a white
label solution that is primarily a product for financial services firms wanting
to add low cost-efficient trading and investing services to their client web and
app offerings.  

Through its world-class expert consultancy Visigon, Huddlestock delivers
strategic technology solutions and process automation for the financial services
industry. Founded in 2003, Visigon has grown into becoming the preferred
supplier of financial consultancy services and technology providers in the
Nordic region.  Visigon became part of the Huddlestock Fintech family in 2021.

Huddlestock Fintech has offices in Oslo, Stavanger, Copenhagen, Stockholm,
Munich, Paris and Kuala Lumpur.

For more information, please visit www.huddlestock.com and www.visigon.com.

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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Financials
Sales 2021 23,0 M 2,76 M 2,76 M
Net income 2021 -4,00 M -0,48 M -0,48 M
Net cash 2021 60,0 M 7,20 M 7,20 M
P/E ratio 2021 -106x
Yield 2021 -
Capitalization 379 M 45,3 M 45,5 M
EV / Sales 2021 13,9x
EV / Sales 2022 3,92x
Nbr of Employees -
Free-Float 58,6%
Chart HUDDLESTOCK FINTECH AS
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Huddlestock Fintech AS Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 1
Last Close Price 3,18 NOK
Average target price 8,00 NOK
Spread / Average Target 152%
EPS Revisions
Managers and Directors
John Egil Skajem Chief Executive Officer
Oyvind Hovland Chairman
Murshid Mikael Ali Director
Per ěyvind Berge Director
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