Elopak ASA: Mandatory notification of trade by close associate of primary insider

Summary by AI ^BETAClose X

Ferd AS has sold 11,500,000 shares in Elopak ASA for NOK 48.50 per share, totaling NOK 558 million, reducing its stake to approximately 40.1% or 107,965,870 shares. Ferd has agreed to a 90-day lock-up on its remaining shares and remains committed to being a long-term significant owner.

Disclaimer*

Ferd AS ("Ferd") has today sold 11,500,000 shares in Elopak ASA (the "Company"), representing approximately 4.3% of the share capital and votes in the Company, at a price of NOK 48.50 per share for a total transaction size of NOK 558 million (the "Transaction").

Following completion of the Transaction, Ferd will own 107,965,870 shares in the Company, representing approximately 40.1% of the Company. Ferd has entered into a customary 90-days lock-up agreement for its remaining shareholding in the Company after the Transaction. Ferd remains committed to being a long-term, significant owner in the Company.

Ferd is represented on the Board of Directors of the Company through Manuel Arbiol Pascual, being a primary insider. Please see the attached PDMR form for further details.

ABG Sundal Collier ASA and Skandinaviska Enskilda Banken AB (publ) acted as joint bookrunners in connection with the Transaction.

About Elopak
Elopak is a leading global supplier of carton packaging and filling equipment. The company’s iconic Pure-Pak® cartons are made using renewable, recyclable and sustainably sourced materials, providing a natural and convenient alternative to plastic bottles that fits within a low carbon circular economy.

Founded in Norway in 1957, Elopak was listed on the Oslo Stock Exchange in 2021. Today it employs 3,000 people and sells 16 billion cartons annually across more than 70 countries.

Elopak is a UN Global Compact participant member. We have set Science Based Targets to reduce emissions in line with the 1.5-degree trajectory and aim to be Net-Zero by 2050. In 2023, we achieved a gold rating by EcoVadis and were rated top 2% sustainable companies in the world.

For more information, go to www.elopak.com or follow us @Elopak on LinkedIn.