Reference is made to the stock exchange announcement made by XXL ASA (the "Company") on 6 September 2023 regarding the allocation of shares in the fully underwritten rights issue of 1,250,001,065 new shares in the Company, each with a nominal value of NOK 0.40, at a subscription price of NOK 0.40 per share (the "Rights Issue").
In connection with the Rights Issue, Altor Invest 5 AS was allocated a total of 308,544,022 new shares, of which 156,504,518 will be ordinary shares and 152,039,504 will be unlisted non-voting class B shares, and Altor Invest 6 AS was allocated a total of 308,544,032 new shares, of which 156,504,527 will be ordinary shares and 152,039,505 will be unlisted non-voting class B shares.
In addition, Altor Invest 5 AS and Altor Invest 6 AS will receive 14,797,009 and 14,797,011 underwriting commission shares, respectively, of which 1,982,680 and 1,982,681 underwriting commission shares will be existing ordinary shares and 12,814,329 and 12,814,330 underwriting commission shares, respectively, will be new unlisted non-voting class B shares.
Subject to the completion of the Rights Issue and delivery of underwriting commission shares, Altor Invest 5 AS will own 386,836,507 shares, of which 221,982,674 ordinary shares and 164,853,833 unlisted non-voting class B shares, representing 16.64% of the votes and 23.25% of the capital in the Company. Altor Invest 6 AS will own 386,836,522 shares, of which 221,982,687 ordinary shares and 164,853,835 unlisted non-voting class B shares, representing 16.64% of the votes and 23.25% of the capital in the Company.
Subject to the completion of the Rights Issue and delivery of underwriting commission shares, each of Altor Invest 5 AS and Altor Invest 6 AS will exceed the disclosure threshold of 20% of the capital of the Company.
Subject to the completion of the Rights Issue and delivery of underwriting commission shares, Altor Invest 5 AS and Altor Invest 6 AS will jointly own 773,673,029 shares, of which 443,965,361 ordinary shares and 329,707,668 unlisted non-voting class B shares, representing 33.28% of the votes and 46.51% of the capital in the Company. Subject to the completion of the Rights Issue and issuance of the new shares, Altor Invest 5 AS and Altor Invest 6 AS will jointly exceed the disclosure threshold of 1/3 of the capital of the Company.
This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.