S.D. Standard ETC (the "Company") has now been informed that Saga Pure ASA
("Saga Pure") has acquired 13,000,000 shares in the Company at an average price
per share of NOK 1.64. Saga Pure is a close associate to Martin Nes, Chairman of
the Company's Board of Directors and to Espen Lundaas, a consultant to the
Company. Further information about the transaction pursuant to the EU Market
Abuse Regulation article 19 is attached to this notice.
Saga Pure is a related party to Ferncliff Listed DAI AS ("Ferncliff Listed
DAI"), the largest shareholder of the Company, as Øystein Stray Spetalen is both
the sole owner of Ferncliff Listed DAI and a board member of Saga Pure.
Following the acquisition by Saga Pure of 13,000,000 shares in the Company, Saga
Pure and Ferncliff Listed DAI hold a total of 168,918,109 shares in the Company,
where Saga Pure holds 13,000,000 shares and Ferncliff Listed DAI holds
155,918,109 shares, corresponding to a consolidated ownership of approximately
32.21% of the total outstanding shares in the Company. Saga Pure and Ferncliff
Listed DAI has consequently surpassed the notifiable 30% threshold under Cyprus
law.
As a result of the above, Saga Pure has triggered an obligation to make a bid
for the remaining shares in the Company pursuant to applicable law in Cyprus.
The Company has been informed that Saga Pure plans to make this bid within four
weeks of the date hereof, as required by the Norwegian Securities Trading Act.
For further information, please contact:
Chief Financial Officer, Christos Neokleous at +357 99 53 1193
This information is considered to be inside information pursuant to the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Norwegian Securities Trading Act. This stock exchange
announcement was published by Espen Lundaas, Consultant, at the time and date
provided.