LINK Mobility: Closing of AMM S.p.A acquisition

LINK Mobility (LINK) today announces the closing of the acquisition of AMM S.p.A (AMM), a mobile communications company in Italy.

Reference is made to stock exchange release on 26 April 2021 regarding an agreement to acquire approximately 81% of AMM and to launch a mandatory offer for the remaining shares. AMM operates within mobile-marketing and web-advertising and was listed on the AIM list of the Italian Stock Exchange in 2019 (ticker AAMM.MI).

LINK has today closed the acquisition of 6,351,815 shares (representing approximately 81.4% of the issued and outstanding shares) in AMM for EUR 2.40 per share, a share premium of 19.4% over the closing price on 26 April 2021. The transaction values the total share capital of AMM at a market capitalization of approximately EUR 18.7 million.

The purchase price was settled in cash, where the sellers subscribed for new shares in LINK for an amount equal to 40% of the cash received. LINK will issue 1,687,589 new shares shares at NOK 36.78 per share, which represents the volume weighted average share price during the last 5 trading days prior to closing. The shares are subject to a 6-month lock-up period.

LINK will register the new share capital increase with the Norwegian Register of Business Enterprises and issue separate announcements for the resolution to increase the share capital and when the registration of the share capital increase has been completed.

Following registration of the share capital increase with the Norwegian Register of Business Enterprises, the Company will have a share capital of NOK 1,369,126.325 divided into 273,825,265 shares, each with a nominal value of NOK 0.005.

LINK will launch a mandatory offer for the remaining approximately 18.6% free float shares at EUR 2.40 per share and a voluntary offer for 146,475 outstanding warrants in AMM at EUR 0.80 per warrant.

For further information, please contact:

Tom Rogn, VP Investor Relations
+47 94 85 56 59
tom.rogn@linkmobility.com

About LINK Mobility

LINK is one of Europe's leading providers of mobile messaging and communications platform as a service (CPaaS) solutions for increased engagement. The company serves enterprise, SME, and government customers. LINK offers a wide range of innovative and scalable mobile solutions, creating valuable digital convergence between businesses and customers, governments and citizens, platforms and users. LINK has 40,000 customer accounts globally and exchanges more than 10 billion messages a year. For more information about LINK, please see www.linkmobility.com

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