5.2.2024 07:38:04 CET | Aqua Bio Technology ASA | Additional regulated
information required to be disclosed under the laws of a member state

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN

Reference is made to the stock exchange announcements by Aqua Bio Technology ASA
("ABT" or the "Company") on 30 and 31 January 2024 regarding the completion of a
private placement that raised approximately NOK 12.46 million in gross proceeds
(the "Private Placement") and a subsequent offering of new shares in the Company
(the "Subsequent Offering").

The Subsequent Offering consists of an offering of up to 1,000,000 new shares in
the Company (the "Offer Shares") directed towards the shareholders of the
Company as of 30 January 2024 (as registered in the VPS on 1 February 2024) (the
"Record Date"), except; (i) shareholders that subscribed for shares in the
Private Placement, and (ii) shareholders who are resident in a jurisdiction
where such offering would be unlawful, or would require any prospectus filing,
registration or similar action (the "Eligible Shareholders").

In addition, the following types of investors shall have a secondary right to
subscribe for the Offer Shares; (i) ABTEC shareholders and investors that
participated in the Private Placement, and (ii) other subscribers without
Subscription Rights (as defined below), subject to a minimum allocation of at
least NOK 5,000 (jointly, the "Secondary Subscribers").

The subscription period in the Subsequent Offering commences today, on 5
February 2024 at 09:00 hours (CET) and will end on 9 February 2024 at 16:30
hours (CET) (the "Subscription Period"). The subscription price per Offer Share
is NOK 5.00 (the "Subscription Price"), which is equal to the subscription price
in the Private Placement. If fully subscribed, the Subsequent Offering will
raise gross proceeds of NOK 5,000,000.

In the Subsequent Offering, Eligible Shareholders, will be granted
non-transferable subscription rights (the "Subscription Rights") that, subject
to applicable law, provide preferential rights to subscribe for and be allocated
Offer Shares at the Subscription Price.

The Eligible Shareholders will be granted 0,029 Subscription Rights for each
existing share registered as held by such Eligible Shareholder as of the Record
Date, rounded down to the nearest whole number of Subscription Rights. Secondary
Subscribers will not be granted Subscription Rights. Each whole Subscription
Right provides a preferential right to subscribe for, and be allocated, one
Offer Share at the Subscription Price. Over-subscription will be permitted.
Other than subscriptions from Secondary Subscribers, subscription without
Subscription Rights will not be permitted.

The Subscription Rights must be used to subscribe for Offer Shares before the
expiry of the Subscription Period on 9 February 2024 at 16.30 hours (CET).
Subscription Rights that are not used to subscribe for Offer Shares before 16.30
hours (CET) on 9 February 2024 will have no value and will lapse without
compensation to the holder.

Completion of the Subsequent Offering is subject to, inter alia, approval from
the company's board of directors, including with respect to issuance of
allocated Offer Shares.

An invitation letter (the "Invitation Letter") and a company presentation has
been prepared in connection with the Subsequent Offering, which provides further
information on the Company and its business, sets out the terms and conditions
for the Subsequent Offering and includes a description of certain risk factors
pertaining to the Company, its shares and the Subsequent Offering.

The Invitation Letter and the company presentation is attached hereto, and will
also be made available at websites of Norne Securities AS, www.norne.no/ABTEC -
http://www.norne.no/ABTEC.

Norne Securities AS is acting as Settlement Agent for the Subsequent Offering.
Advokatfirmaet CLP DA is acting as legal counsel to the Company in the
Subsequent Offering.

* * *

For further information, please contact Håvard Lindstrøm, CEO, telephone +47 941
32 288.

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. ABT's focus on commercialization and development of natural
ingredients and natural skin care products has been, and will continue to be, an
important part of the Company's strategy going forward. Aqua Bio Technology is
listed on the Euronext Expand market of the Oslo Stock Exchange.

 

DISCLOSURE REGULATION

 

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

 

 

DISCLOSURE REGULATION

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

CONTACTS

 * Håvard Lindstrøm, 004794132288, hl@aquabiotech.no 

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2887/4024/Download%20announcement
%20as%20PDF.pdf

Aqua Bio Technology Company Presentation Subsequent Offering.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2887/4022/Aqua%20Bio%20Technology
%20Company%20Presentation%20Subsequent%20Offering.pdf

Invitation Letter dated 5 February 2024.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2887/4023/Invitation%20Letter%20d
ated%205%20February%202024.pdf

Click here for more information

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