Oslo ,14 October 2021 at08:00 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: - Following the Scheme Meeting held on Monday11 October 2021 , in which Crayon's acquisition ofRhipe was approved by a majority of 99.88% of votes cast, theSupreme Court of New South Wales on13 October 2021 made orders approving the Scheme of Arrangement under whichCrayon Software Experts Australia Pty Ltd , an indirect wholly-owned subsidiary of Crayon will acquire all the shares inRhipe . - On14 October 2021 Rhipe lodged a copy of the Court´s order with theAustralian Securities and Investments Commission , by which the Scheme is now legally effective and the shares inRhipe were suspended from trading on the ASX with effect from today's closing of trade. - Crayon's acquisition ofRhipe will, subject to Crayon's payment of the purchase price, be completed on3 November 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 Crayon:Crayon 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. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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