Update on sale of Ice Group Scandinavia Holdings AS

Update on sale of Ice Group Scandinavia Holding AS

4.3.2022 15:38:11 CET | Ice Group ASA | Additional regulated information required to be disclosed under the laws of a member state

Reference is made to the announcement of 18 February by ICE Group ASA (the "Company") regarding a sale of Ice Group Scandinavia Holding AS and associated assets to Lyse AS, and the notice dated 28 February 2022 of an extraordinary general meeting (“EGM”) to approve the transaction. The Company has now entered into a definitive sale and purchase agreement (the “SPA”) with Lyse on the terms described in the announcement and the notice of the EGM.

Completion of the Transaction is subject to regulatory approvals and approval by the stakeholders of the Company, including shareholders of the Company in the EGM. The Company has received preapprovals for the transaction from shareholders representing approximately 80% of the shares as well as from relevant creditors. Closing of the Transaction is targeted for the end of March.

Lazard, DNB Markets, a part of DNB Bank ASA and Pareto Securities AS are acting as financial advisors to the Company and Advokatfirmaet Gisvold AS and Ro Sommernes advokatfirma DA are acting as legal advisors to the Company. Advokatfirmaet Wiersholm AS is acting as legal advisor to the Company's Board of Directors.