Sandvika, 6 August 2025 (OSE: NORCO): Reference is made to the stock exchange announcement dated 12 June 2025 regarding Norconsult ASA’s ("Norconsult") agreement to acquire the Aas-Jakobsen Group, a leading Norwegian engineering consultancy specializing in complex infrastructure and building projects. The acquisition has been successfully completed today.
As previously announced, 20% of the purchase price has been settled through the issuance of new shares in Norconsult ("Consideration Shares") to the sellers. The issuance was resolved by Norconsult’s Board of Directors, pursuant to the authorisation granted by the Annual General Meeting held on 5 May 2025 (the “Authorisation”). A total of 7,051,587 Consideration Shares have been issued to the sellers at a subscription price of NOK 43.19, corresponding to the volume weighted average share price for the five trading days prior to closing.
Following the issuance of the Consideration Shares, Norconsult’s new share capital is NOK 6,350,969.24, divided into 317,548,462 shares, each with a nominal value of NOK 0.02, of which, 7,328,164 shares are held as treasury shares by Norconsult. The maximum share capital that may be issued under the Authorisation has been reduced accordingly, resulting in NOK 479,962.01 as the remaining share capital that may be issued pursuant to the Authorisation.
For further information, please contact:
Investors: Christian Aasland, SVP IR and Business Intelligence, IR@norconsult.com
Media: Henrik Charlesen, Senior Communication Advisor, Henrik.Charlesen@norconsult.com
This information is published in accordance with the requirements of the Continuing Obligations and is subject the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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About Norconsult
Norconsult is a leading pan-Nordic interdisciplinary consulting firm combining engineering, architecture and digital expertise across projects of all sizes, for private and public customers in infrastructure, energy and industry, buildings and architecture. Headquartered in Sandvika, Norway, Norconsult's delivery model is centered around knowledge hubs and local presence through approximately 6,600 employees across more than 140 offices in Norway, Sweden, Denmark, Iceland, Poland and Finland.