NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, INAUSTRALIA ,CANADA , THEHONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA,SOUTH AFRICA ,NEW ZEALAND ,JAPAN ORTHE UNITED STATES , OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL Reference is made to the stock exchange announcement made byLumi Gruppen AS (the "Company") on16 October 2023 regarding the fully underwritten rights issue of approx.NOK 53 million (the "Rights Issue"). The Company hereby calls for an extraordinary general meeting (the "EGM") to be held on Wednesday 1 November at 10:00 hours (CET) to resolve on (i) the Rights Issue and (ii) election of new board of directors. As the date of the EGM has been changed to1 November 2023 , the key dates for the Rights Issue have been adjusted accordingly: o 1 November: Extraordinary General Meeting o 2 November: Shares trading exclusive Subscription Rights o 3 November: Record Date - VPS showing shareholders as per close of trading on 1 November eligible to receive Subscription Rights o 6-20 November: Subscription Period o 6-15 November: Trading in Subscription Rights As previously announced, Lola Bidco AS (the "Underwriter"), holding approx. 50.7 per cent of the shares in the Company, has, subject to customary conditions, pre-committed to subscribe for a portion of the Rights Issue based on its current shareholding and to underwrite the remaining part of the Rights Issue, in full securing the gross proceeds of the Rights Issue. The Underwriter has also given a voting undertaking to vote in favour of the Rights Issue at the EGM. The aggregate number of shareholders that have given voting undertakings or confirmed their intention to vote in favour at the EGM has been adjusted from approx. 64 per cent to 50.7 per cent as certain shareholders have indicated that they will withdraw their support of the Rights Issue. The name of the new board of directors will be announced through a stock exchange announcement in advance of the EGM and be reflected in the final proposed resolution to be voted on at the EGM. Votes and voting instructions cast at or in advance of the EGM will thus apply for the final proposed resolutions. The notice and agenda of the EGM is attached to this stock exchange announcement, and will also be made available on the Company's webpage: https://lumiinvestor.com/general-meeting/ To join the EGM via Teams: https://bit.ly/3QlvRvj For further information please contact:Martin Prytz , CFO and Head of Investor Relations E-mail: IR@lumigruppen.no Mobile: +47 480 14 078This stock exchange was published byMartin Prytz on the time and date provided. About Lumi: Lumi Gruppen is a leading Norwegian education provider founded in 1989. Today, Lumi Gruppen consists of two main divisions: Sonans and Oslo Nye Høyskole. Sonans is the market leader inNorway within private candidate exam preparation courses, and Oslo Nye Høyskole offers high quality bachelor degrees within health, social sciences psychology and business and administration, both on campus and online.
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