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Completion of the acquisition of Poio

365体育官网Reference is made to the Kahoot! AS’ announcement made on May 15, 2019, regarding the acquisition of all shares in Poio AS.

Reference is made to the Kahoot! AS’ announcement made on May 15, 2019, regarding the acquisition of all shares in Poio AS. The acquisition has now been completed and the total consideration of MNOK 56.2 has been settled by a combination of cash and new Kahoot! shares. Board of Directors of Kahoot! has resolved to increase the share capital of Kahoot! with NOK 138,366 by the issuance of 1,383,660 consideration shares to the Poio shareholders at a subscription price of NOK 25 in accordance with the share purchase agreement. The Poio shareholders have entered into lock-up agreements with Kahoot! pursuant to which the consideration shares are subject to lock-up for up to two years from completion of the acquisition. Following this share issue there will be 117,720,860 issued and outstanding shares in Kahoot!.