Oslo ,30 September 2021 at11:15 CEST : Reference is made to the announcement byCrayon Group Holding ASA ("Crayon") on6 July 2021 regarding Crayon having signed a binding agreement withRhipe Limited ("Rhipe ") for an offer to be made to acquire all shares inRhipe by way of a Scheme of Arrangement ("Scheme"). Crayon is pleased to provide the following update in relation to the Scheme: -The Australian Foreign Investment Review Board (FIRB) has today provided written notice to Crayon that the Commonwealth has no objection to the proposed acquisition of rhipe byCrayon Software Experts Australia Pty Ltd , and indirect wholly-owned subsidiary of Crayon, by way of scheme of arrangement (Scheme). - The receipt of FIRB approval satisfies a condition precedent to the implementation of Scheme. The implementation of the Scheme remains subject to a number of other conditions, including approval of rhipe shareholders at the Scheme Meeting to be held on Monday11 October 2021 , Court approval and the satisfaction or waiver (where capable of waiver) of certain other customary conditions as outlined in the Scheme Implementation Deed released to the ASX on6 July 2021 . For further information, please contact: Jon Birger Syvertsen Chief Financial Officer,Crayon Group Holding ASA Tel.: +47 97 19 92 51 Email: Jon.Birger.Syvertsen@crayon.com About CrayonCrayon Group Holding ASA is a leading IT advisory firm in software and digital transformation services. With unique IP tools and skilled employees, Crayon help optimize its clients' ROI from complex software technology investments. Crayon have long experience within volume software licensing optimization, digital engineering, predictive analytics and assists the clients through all phases of the process of a digital transformation. Headquartered inOslo, Norway , the company has approximately 2,500 employees in 50 offices worldwide.
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