Saga Pure ASA - Investment in S.D. Standard ETC - adjustment of mandatory offer obligation
(Oslo, 5 March 2025) Saga Pure ASA ("Saga Pure") has today acquired 18,878,157 shares in S.D. Standard ETC Plc ("SDSD"), with the highest share price being NOK 1.83.
Saga Pure is a related party to Ferncliff Listed DAI AS ("Ferncliff Listed DAI"), the largest shareholder of SDSD, as Øystein Stray Spetalen is both the sole owner of Ferncliff Listed DAI and a board member of Saga Pure.
The shares have been acquired at an average share price of NOK 1.807, with the highest share price being NOK 1.83. Consequently, the price per share under the mandatory offer obligation of Saga Pure, as announced March 4, will be increased to NOK 1.83.
Following the acquisition, Saga Pure and Ferncliff Listed DAI hold a total of 189,796,266 shares in SDSD, where Saga Pure holds 33,878,157 shares and Ferncliff Listed DAI holds 155,918,109 shares, corresponding to a consolidated ownership of approximately 36.2% of the total outstanding shares in SDSD.
For further information, please contact:
Espen Lundaas, CEO, +47 924 31 417
Tore Jakob Berg, CFO, +47 934 80 202
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 Tore Jakob Berg, CFO, at the time and date provided.