Oslo, 26 September 2024: Based on the authorisation granted to the board of
directors by the annual general meeting of Webstep ASA (the "Company") held on
16 May 2024, the Company hereby launches an offer to buy back existing shares in
the Company for an amount up to NOK 25 million (the "Offer"). The purpose of the
Offer is to meet obligations arising from the Company's option programs as
communicated in the Company's second quarter reporting for 2024. The Company has
mandated SpareBank 1 Markets AS (the "Manager") to assist with the Offer.
The Offer will be conducted as a reverse bookbuilding process in which all
shareholders are invited to offer shares at a price level defined by the
respective selling shareholder by contacting the Manager (see contact details
below).
The final purchase price per share will be set based on the sales orders
received at a level representing a satisfactory price and offer volume (to be
determined by the Company at its sole discretion). The final purchase price will
be identical for all selling shareholders.
The reverse bookbuilding period commences today, 26 September 2024, at 09:00
hours (CEST) and is expected to close at 16:30 hours (CEST) on 3 October 2024.
Notification of allocation and pricing is expected to be made before 09:00 hours
(CEST) on 4 October 2024 (T), and settlement is expected to take place on or
about 8 October 2024 (T+2) through a delivery versus payment transaction (DVP).
The Company may, at its sole discretion, extend or shorten the reverse
bookbuilding period at any time and for any reason without or on short notice.
If the reverse bookbuilding period is extended or shortened, the other dates
referred to herein might be changed accordingly.
Existing shareholders in the Company wishing to participate in the Offer can
contact Joakim Hafsmo at the Manager at +47 24 14 74 68 or +47 992 24 346 in
order to place a sales order. Existing shareholders in the Company who would
like to participate in the Offer who are not registered as clients of the
Manager must establish a client relationship before participating.
In the event that the total volume offered by selling shareholders in the Offer
exceeds the final offer size at or below the final purchase price, the
allocation will, to the extent possible, be made on a pro rata basis based on
the volume offered by each selling shareholder, with the objective of treating
all shareholders equally based on their indicated interest in participating in
the Offer at the final purchase price. The selling shareholders will be bound to
sell up to the offered number of shares on the offered terms if and at such time
the offer is accepted by the Company, irrespective of whether the Company
decides to purchase a lower number of shares from a selling shareholder than
offered for sale by the respective shareholder.
The Company reserves the right to, at its own discretion, amend the offer size
or reject all received offers. The Company may further, at its sole discretion
terminate, amend or withdraw the Offer at any time until the time of completion
of the Offer.
Contact details for further information:
Nina Stemshaug, Interim CFO
Cell: +47 982 60 394
Email: ir@webstep.com
Website : www.webstep.com
This stock exchange announcement is published in accordance with section 5-12
the Norwegian Securities Trading Act.
Webstep ASA is a provider of consultancy services to the private and public
sector, with the IT expertise necessary to deliver the most demanding
digitalisation and IT services.
IMPORTANT NOTICE
The Offer will be carried out in accordance with applicable laws and regulations
and information pertaining to the Offer will be disclosed by way of stock
exchange notices.
The Offer and the distribution of this announcement and other information in
connection with the Offer may be restricted by law in certain jurisdictions
(including, but not limited to, the United States, Canada, Australia and Japan).
None of the Company or the Manger assume any responsibility in the event there
is a violation by any person of such restrictions. This includes shareholders
who have changed their domicile to such jurisdictions but which may access their
ES-OSL accounts. Persons into whose possession this announcement or relevant
information should come are required to inform themselves about and to observe
any such restrictions.