December 8, 2023
Huddly AS – Mandatory notification of trade
Oslo, 6 December 2023: Reference is made to the stock exchange announcement published by Huddly AS (the "Company") earlier today regarding approval by the extraordinary general meeting of the private placement of 260,000,000 new shares at a subscription price of NOK 0.5 (the "Subscription Price") per new share as announced on 21 November 2023 (the "Private Placement"). The following close associates of primary insiders have been allocated and subscribed for shares at the Subscription Price in the Private Placement:
G&J Williams Property PTY (VIC), being a company closely associated with Graham Spencer Williams, CEO of the Company, has been allocated and subscribed for 39,200,000 shares.
HPA Holding AS, being a company closely associated with Håvard Alstad, VP Engineering of the Company, has been allocated and subscribed for 4,800,000 shares.
Kolberg Motors AS and Multiplikator AS, being companies closely associated with Kristian Kolberg, a board member of the Company, have been allocated and subscribed for 14,000,000 and 6,000,000 shares, respectively.
Mertoun Capital AS, being a company closely associated with Jostein Devold, chair of the board of directors of the Company, has been allocated and subscribed for 24,000,000 shares.
Leif Hübert, being closely associated with Jostein Devold, chair of the board of directors of the Company, has been allocated and subscribed for 2,400,000 shares.
SOM Holding AS, being a company closely associated with Stein Ove Eriksen, board observer of the Company, has been allocated and subscribed for 16,000,000 shares.
Please see the attached notifications of trade for further information.
This information is subject to the disclosure requirements in article 19 of the Regulation EU 596/2014 (the EU Market Abuse Regulation) and section 5-12 of the Norwegian Securities Trading Act.
For more information, please contact:
Abhijit Banik, CFO
Mobile: +47 408 30 964
E-mail: abi.banik@huddly.com
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About Huddly AS
Disruptive innovation is our heartbeat at Huddly. We're committed to pushing technology and challenging the status quo in order to empower human collaboration. Combining our industry-leading expertise in artificial intelligence, software, hardware, and UX, we craft intelligent camera systems that enable inclusive and productive teamwork. Huddly cameras are designed to provide high-quality, AI-powered video meetings on major platforms, including Microsoft Teams, Zoom, and Google Meet. With upgradable software, durable hardware, and engaging user experiences, they are the ideal choice for organizations seeking a future-proof, scalable, and sustainable solution. Founded in 2013, Huddly is headquartered in Oslo, Norway, with presence in the US and EMEA and distribution globally.