Oslo ,3 September 2020 |LAVO.TV AS |Merkur Market : LAVO-ME Reference is made to the stock exchange announcement dated30 June 2020 giving notice for the annual general meeting and the stock exchange announcement dated7 July 2020 providing the minutes of the annual general meeting forLavo.tv AS (the 'Company'), regarding the share capital increase by conversion ofNOK 1,924,957 in debt through the issuance of new shares in the Company at a conversion price ofNOK 0.05 per share. The share capital increase is registered with theNorwegian Register ofBusiness Enterprises (Nw.: Foretaksregisteret). The Company's share capital has been increased byNOK 384,991.40 through the issue of 38,499,140 new shares. The Company's new share capital isNOK 2,653,371.12 , divided into 265,337,112 shares, each with a nominal value ofNOK 0.01 . Further reference is made to the stock exchange announcement dated27 August 2020 regarding the convertible loan agreement entered into withEuropean High Growth Opportunities Securitization Fund (the 'Investor') on10 June 2020 , where the Investor has submitted a notification of conversion of the amount ofNOK 3,000,000 convertible to 60,000,000 new shares inLavo.tv AS at a conversion price ofNOK 0.05 per share. Following the conversion, the balance of the convertible loan dated10 June 2020 isNOK 5,750,000 . Following the conversion, the total number of issued shares inLavo.tv AS will be 325,337,112 shares. The New Shares will be listed onMerkur Market as soon as practically possible after registration of the share capital increase in theNorwegian Register ofBusiness Enterprises . For further information, please contact:Lars Christian Beitnes CEO E-mail: lb@lavo.tv AboutLAVO.TV AS : Lavo.tv was launched in 2017 as a mobile service around existing TV concepts, providing live highlights and extra content. As sport is becoming increasingly central to the strategy of several TV companies, Lavo.tv is committed to becoming the service where all mobile users will be able to find highlights, both live and editorial, from all attractive TV-broadcast sports. Lavo.tv has established itself as a leading technology partner for the TV industry and provides end-user services through the Lavo app based on AI for video management.Lavo.tv AS is listed onMerkur Market , maintained byOslo Stock Exchange with the ticker LAVO-ME.
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