OSLO, JANUARY 17TH 2025 - Reference is made to the stock exchange announcement
published by Endúr ASA (the "Company") on December 23rd, 2024, regarding the
agreement to purchase 100 % of the shares in VAQ AS ("VAQ") from majority owner
Broodstock Capital, the founders and several employee minority shareholders (the
"Sellers"), in a highly strategic and complementary transaction ("Transaction").
The Company is pleased to announce that the Transaction has been successfully
completed. As a part of the Transaction, the Company has issued and transferred
in total 937 566 shares in the Company ("Consideration Shares") to the Sellers.
Of these, 887,566 Consideration Shares are issued through a capital increase,
and 50,000 Consideration Shares are transferred from the Company's holding of
treasury shares. The Company's share capital after the capital increase is NOK
18,888,858 divided into 37,777,716 shares, each with a nominal value of NOK 0.5.
For more information about the Transaction, and the strategic rationale behind
the Transaction, please see the stock exchange published by the Company on
December 23rd,2024.
For further information, please contact:
Media
Jeppe Raaholt, CEO of Endúr, tel: +47 976 69 759
Investors
Einar Olsen, CFO of Endúr, tel: +47 924 01 787
About Endúr ASA
Endúr ASA (OSE: ENDÚR) is a leading supplier of construction and maintenance
projects and services of marine infrastructure, including facilities for
land-based aquaculture, quays, harbours, dams, bridges and other specialized
concrete and steel projects. The company and its subsidiaries also offer a wide
range of other specialized projects and marine services. Endúr ASA is
headquartered in Lysaker, Norway. See www.endúr.no.