Eqva ASA: Mandatory notification of trade

09 Oct 2024 18:48 CEST

Eqva ASA (the Company) has been informed by primary insiders Rune Skarveland and
Trond Narve Skarveland that their respective closely associated investment
companies Eikestø AS, Eikestø Eiendom AS, Fureneset Eiendom AS and Fureneset
Invest AS have entered into an agreement with Nordic Corporate Bank to transfer
all of their 15.9 million (21.2 percent) shares in Eqva ASA (see attached forms
KRT-1500 for details).

The agreed price is NOK 4.80 per share, corresponding to the price in the
private placement carried out by the Company on 3 October this year. The total
consideration in the transaction is NOK 76.4 million.

The two primary insiders have stated that the share sale is due to a requirement
to realise values in the respective investment companies after they have had to
book significant losses related to investments in real estate.

"We are proud of the development that has taken place in Eqva. The company has
shown solid progress in recent years, and we would have liked to continue as
owners," said Rune Skarveland, Chairman of the Board of EQVA.

He emphasizes that the transactions have no connection with the performance or
prospects of Eqva.

Eqva ASA understands that Nordic Corporate Bank will ask for a seat at the board
of the company and that it will act as a responsible owner. The new owner
supports Eqva ASA and the company's board and management in the implementation
of the company's strategy.

Eqva ASA is firmly rooted in a proud industrial tradition. Senior executives and
board members continue to own about 34 per cent of the shares in the company,
also after these transactions. Rune Skarveland and Trond Narve Skarveland will
continue as chairman and board member of the company respectively until further
notice.

Contact
Rune Skarveland, Chairman of the Board
Phone +47 900 84 040


Primary insider notifications pursuant to the Market Abuse Regulation article 19
is attached.

This information is subject to the disclosure requirements pursuant to
Regulation EU 596/2014 (MAR) article 19 and the Norwegian Securities Trading Act
section 5-12.


About EQVA
EQVA ASA is a knowledge-based active owner of engineering, construction and
service companies that contribute to the green transition in maritime, power
intensive and renewable industries. The company is a fully integrated service
and maintenance supplier for the Norwegian land-based and maritime industry.

The group has a well-diversified product and market portfolio, and further
growth will be established through a combination of company-based development
and utilization of synergies between the companies in the group.

Key companies in the group are BKS and Fossberg Kraft, each building on decades
of experience and widely recognized by clients in a broad range of industries.

More information:
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629301_Eikestø AS - Skjema for melding om transaksjonar utført av personar med leiaransvar (primærinnsidere) og deira nærsta°ande (KRT-1500)-kopi.pdf
629301_Fureneset Invest AS - Skjema for melding om transaksjonar utført av personar med leiaransvar (primærinnsidere) og deira nærsta°ande (KRT-1500)-3.pdf
629301_Fureneset Eiendom AS - Skjema for melding om transaksjonar utført av personar med leiaransvar (primærinnsidere) og deira nærsta°ande (KRT-1500)-2.pdf
629301_Eikestø Eiendom AS - Skjema for melding om transaksjonar utført av personar med leiaransvar (primærinnsidere) og deira nærsta°ande (KRT-1500).pdf