Norbit ASA (OB:NORBT) acquired Cps As on January 1, 2023. The transaction values CPS at an enterprise value of NOK 13 million, implying an equity value of NOK 12.6 million. The acquisition will be financed by the issuance of consideration shares at a price equal to the five-day volume weighted share price of NORBIT ASA prior to signing of the share purchase price agreement with a total value of NOK 9.0 million, and NOK 3.6 million will be paid in cash. At completion, the board has resolved to issue 298,059 consideration shares to the sellers at a price of NOK 30.25107 per share as partial settlement of the transaction. The resolution is based authorisation to increase the share capital granted by the Company?s general meeting on 4 May 2022. Following registration of the share capital increase in the Norwegian Register of Business Enterprises, the Company?s share capital will be NOK 5,919,919.80 divided into 59,199,198 shares each with a par value of NOK 0.10.

Norbit ASA (OB:NORBT) completed the acquisition of Cps As for NOK 12.6 million in January 2023. Under the terms of agreement, consideration paid is along with net of cash acquired of NOK 1.3 million.