Nekkar ASA: Update on the MacGregor transaction

Written by Customer Service on . Posted in Public Companies.

We refer to stock exchange notice 31.07.19 regarding completion of the asset sale agreement with MacGregor, a subsidiary of Cargotec Oyj.Completion of the transaction took place based on preliminary figures, with final purchase price to be based on financials as of 31.07.19 according to procedures provided in the transaction agreement.In line with the agreed procedures, Nekkar ASA has presented to MacGregor the final figures as of 31.07.19, including calculation of the final purchase price. We have now been informed that MacGregor is challenging this calculation, claiming a downward purchase price adjustment of approximately MNOK 240 compared to the amount presented by Nekkar at completion. Nekkar ASA is of the opinion that the figures presented by Nekkar are correct and will fully challenge the claim presented by MacGregor. Bergen, 18 November 2019Nekkar ASAwww.nekkar.com
Contact persons:Toril Eidesvik, CEOM: +47 900 78 218Trond Bogsnes, Vice President Corporate CommunicationsM: +47 908 90 327

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act

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