ARGEO Asker,3 January 2023 : Reference is made to the stock exchange announcement published byArgeo AS (the "Company" or "Argeo") (Euronext Growth: ARGEO) on20 December 2022 , regarding a successfully placed private placement (the "Private Placement") of 30,300,000 new shares in the Company (the "New Shares"), raising gross proceeds ofNOK 50 million . The Private Placement consisted of one tranche of 8,516,160 New Shares ("Tranche 1") and a second tranche of 21 783 840 New Shares ("Tranche 2").The board of directors resolved on20 December 2022 to issue the shares allocated in Tranche 1 pursuant to an authorization granted to the board by the annual general meeting in the Company held on16 June 2022 , while the issuance of the shares allocated in Tranche 2 was subject to approval by an extraordinary general meeting (the "EGM") in the Company. On28 December 2022 , it was resolved in the EGM to approve the share capital increase pertaining to Tranche 2 of the Private Placement, which has now been registered with theNorwegian Register ofBusiness Enterprises . The new share capital of the Company isNOK 7 288 080,00 comprising 72 880 800 shares, each with a nominal value ofNOK 0.10 . Disclosure regulation This information is subject to a duty of disclosure pursuant to the Company's continuing obligations as a company listed on Euronext Growth Oslo. For more information, please contact:Trond Figenschou Crantz , CEOArgeo AS Email: trond.crantz@argeo.no Phone: +47 976 37 273 About Argeo | www.argeo.no Argeo is an Offshore Service company with a mission to transform the ocean surveying and inspection industry by utilizing autonomous surface and underwater robotics solutions. Equipped with unique sensors and advanced digital imaging technology, the Autonomous Underwater Vehicles ("AUVs") will significantly increase efficiency and imaging quality in addition to contribute to significant reduction in CO2 emissions from operations for the global industry in which the Company operates. The Company's highly accurate digital models and digital twin solutions are based on geophysical, hydrographic, and geological methods from shallow waters to the deepest oceans for the market segments Oil & Gas, Renewables, Marine Minerals and Offshore Installations. Argeo was established in 2017 and has offices in Asker (Oslo ), Tromsø,Stockholm ,Houston , andSingapore . Since its incorporation, Argeo has carried out complex projects for some ofNorway's largest companies in the field. The Company is listed on Euronext Growth Oslo under the ticker code: "ARGEO".
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