December 19, 2024
Huddly AS – Mandatory notification of trade
Oslo, 19 December 2024: 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 1,300,000,000 new shares at a subscription price of NOK 0.1 (the "Subscription Price") per new share as announced on 13 December 2024 (the "Private Placement"). The following primary insiders and close associates of primary insiders have been allocated and subscribed for shares at the Subscription Price in the Private Placement:
Jostein Devold, chair of the board of directors, has been allocated and subscribed for 5,000,000 shares.
Mertoun Capital AS, being a company closely associated with Jostein Devold, chair of the board of directors, has been allocated and subscribed for 100,000,000 shares.
Sonstad AS, being a company closely associated with Jon Øyvind Eriksen, board member, has been allocated and subscribed for 180,000,000 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 90,000,000 and 20,000,000 shares, respectively.
Abhijit Saha Banik, CFO, has been allocated and subscribed for 5,000,000 shares.
SOM Holding AS, being a company closely associated with Stein Ove Eriksen, co-founder and CPO, has been allocated and subscribed for 60,000,000 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:
Jostein Devold, chair of the board, +47 90 88 00 49, jd@mertoun.no
Abhijit Saha Banik, CFO, +47 40 83 09 64, abi.banik@huddly.com
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About Huddly
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 future-proof, scalable, and sustainable solutions.