KMC Properties ASA - Issue of shares to employees and primary insiders

18.10.2021 20:38

The board of KMC Properties ASA (the "Company") has today resolved to issue 750,000 shares in connection with a limited share offering to employees of the Company, as announced on 16 September 2021. The subscription price per share is NOK 6.40, equal to the share price in the private placement completed on 16 September 2021 less a discount of 20%. The new shares will be subject to a three-year lock-up period. As part of the employee offering, the following primary insiders have each subscribed for 125,000 shares: Liv Malvik (CEO), Kristoffer Holmen (CFO) (subscribed through Mejdell Holmen Holding AS), Kristoffer Formo (Head of M&A)(subscribed through Formo AS) and Audun Aasen (COO)(subscribed through Tripla Invest AS). The new shares have been resolved issued pursuant to an authorisation granted to the board by the general meeting of the Company on 2 June 2021. Following registration of the share capital increase pertaining to the new shares with the Norwegian Register of Business Enterprises, the Company's share capital will be NOK 55,999,308.80 divided into 279,996,544 shares, each with a nominal value of NOK 0.20. For further information, please contact: Liv Malvik, CEO KMC Properties ASA, tel. +4748003175 Kristoffer Holmen, CFO KMC Properties ASA, tel. +47 928 14 862 Charlotte Knudsen, IR and Communications KMC Properties ASA, tel. +47 97561959 About KMC Properties ASA KMC Properties is an Oslo Børs-listed real estate company focusing on industrial- and logistic properties. The company has a diversified portfolio of properties in the Nordics and the Netherlands, as well as an office building in Moscow, Russia. The properties are strategically located and have long lease agreements with solid tenants. KMC Properties has an ambitious strategy to grow the portfolio through further development of existing properties, as well as M&A initiatives. This information is subject to the disclosure requirements set out in section 5-12 of the Norwegian Securities Trading Act.