Björn Wigström, the new CFO in Eltek ASA, has today subscribed for a total of 86,655 A-shares in Eltek Management Invest AS, a subsidiary of Eltek ASA, as part of the co-investment program for the Eltek group. The price paid per A-share was NOK 5.77, giving a total subscription amount of NOK 500,000. Eltek ASA's shareholding in Eltek Management Invest AS is one controlling B-share.

Eltek Management Invest AS was established for the purpose of investing in Eltek Valere Holding AS, a direct subsidiary of Eltek ASA. The subscription amount of NOK 500,000 together with a loan amount of NOK 2,000,000, in aggregate NOK 2,500,000, will be used by Eltek Management Invest AS to acquire 119,843 shares in Eltek Valere Holding AS. Following the transaction, Eltek Management Invest AS will own 3.39% of the share capital in the company. Eltek ASA owns the remaining 96.61% of the share capital of Eltek Valere Holding AS.

For further information, please contact:

Colin Howe, CEO of Eltek ASA, telephone +44 776 846 6446

****


 

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


This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Eltek ASA via Thomson Reuters ONE
HUG#1717075
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