Oslo, 11 September 2023: Reference is made to the stock exchange announcements published by XXL ASA (the "Company") 7 September 2023, regarding the resolution by the board of directors to increase the share capital in connection with settlement of underwriting commission.
The following close associates to a primary insider of the Company have subscribed for and been allocated new shares:
Altor Invest 5 AS, a close associate to primary insider and member of the board of directors, Tom Christian Jovik, has on 8 September 2023, subscribed for and been allocated 12,814,329 new non-voting shares (class B shares) at a price per share of NOK 0.72.
Altor Invest 6 AS, a close associate to primary insider and member of the board of directors, Tom Christian Jovik, has on 8 September 2023, subscribed for 12,814,330 and been allocated new non-voting shares (class B shares) at a price per share of NOK 0.72.
Please see the attached forms for further details on the subscriptions by close associates to a primary insider of the Company.
For further information, please contact:
Investor Relations
Tolle O. R. Grøterud
Tel: +47 902 72 959
E-mail: ir@xxlasa.com
Press contact
Jan Christian Thommesen
Phone: + 47 918 21 387
Email: presse@xxl.no
ABOUT XXL ASA
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden, Finland, Denmark and Austria. It is the largest among the major sports retailers in the Nordics. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL’s concept is to have the largest stores with the best prices and the widest assortment of products, focusing on branded goods.
This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.