Closing of the sale of Bisca A/S and long-term bank financing

Reference is made to the stock exchange announcement on 1 March 2024, announcing that Scandza Danmark ApS, a subsidiary of Jordanes Investments AS, had entered into a sale and purchase agreement with TM124 A/S, a subsidiary of Erhvervsinvest Management A/S, for the sale of all shares in Bisca A/S. All conditions related to the agreement have been fulfilled, and the transaction was completed today, 4 April 2024.

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Further, Jordanes Investments AS has secured a bank financing until end of 2025. The terms are in all material respects in line with the current bank financing.

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For further information contact:
Nikolai Steinfjell, CFO
Telephone: +47 975 44 712
E-mail: nikolai.steinfjell@jordanes.no