CondAlign - Successful Private Placement

09 Jul 2024 09:25 CEST

CondAlign AS is a subsidiary of NTG with 50,2 % ownership. Reference is made to
the N-OTC announcement published by CondAlign AS (the "Company") on 21 June 2024
regarding the contemplated private placement of new preference shares in the
Company (the "New Preference Shares") to raise gross proceeds of minimum NOK
35.8 million and maximum NOK 50 million, including conversion of existing debt
of NOK 25.8 million. CondAlign has received 705,070 subscriptions for New
Preference Shares at a subscription price of NOK 16.67 per share, meaning that
the Company will raise gross cash proceeds of approximately NOK 11.75 million.
The Company has totally received subscriptions of 2,252,878 New Preference
Shares in the Private Placement, gross proceeds of NOK 37,56 million.

NTG has subscribed for NOK 17,3 million (incl. accumulated interest) in the
private placement by convention of debt.



Group CEO Rune Rinnan
Chair CondAlign AS
Mob. +47 900 56 028
rune.rinnan@ntechgroup.no
www.ntechgroup.no

CEO CondAlign AS
Harald Wahl Breivik
Mob. +47 976 33 815
harald.breivik@condalign.no
www.condalign.no

More information:
Access the news on Oslo Bors NewsWeb site

623295_2024-07-08 - CondAlign AS - Final results.pdf