Huddly AS – Primary insider trading

On 11 May 2021, Kolberg Motors AS and Multiplikator AS have acquired a total of 850,000 shares in Huddly AS, 500,000 by Kolberg Motors AS and 350,000 by Multiplikator AS, each at a share price of NOK 9.9849. Both Kolberg Motors AS and Multiplikator AS are related parties to Kristian Kolberg, board member in Huddly AS. Multiplikator AS is 100% owned and controlled by Kristian Kolberg, and Kolberg Motors AS is owned by Kristian Kolberg and his family. In addition, and also on 11 May 2021, Isar Invest AS, owned by Jan B. Kolberg, acquired 200,000 shares in Huddly AS, each at a share price of NOK 9.9849. Isar Invest AS is not formally defined as a related party to Kristian Kolberg under MAR art. 19, but the company is managed by the Kolberg family office, together with Kolberg Motors AS and Multiplikator AS.

Following the transaction, Kristian Kolberg and related parties as per the MAR definition, jointly hold 10,450,000 shares in Huddly AS, representing 4.83% of the share capital. When Isar Invest AS and TK Motor Invest AS, also managed by the Kolberg family office and not formally defined as related parties under MAR art. 19, are included, Kristian Kolberg and said associated parties hold in aggregate 11,450,000 shares in Huddly AS, representing in aggregate 5.29% of the share capital.

Huddly AS has LEI: 213800D37JXCR1BKBZ39 and ISIN: NO0010776990.

This notification is prepared in accordance with the EU Market Abuse Regulation art. 19 and the Securities Trading Act section 5-12.