Elop OB:ELOP Stock Report

Elop AS Announces CFO Changes

27 September 2022: Kim Boman, CFO in Elop AS, has resigned from his position to seek opportunities outside the group. Birger Bjørnstad has been appointed interim CFO. Birger Bjørnstad is currently CFO of Nordic Infrastructure Group, which Elop completed the acquisition of on 20 September 2022. Kim Boman will remain in his role until 30 September 2022 and will be available in an advisory function until year-end 2022.

Elop AS (OB:ELOP) completed the acquisition of 65% stake in Hadeland Elektro AS for NOK 20.9 million.

Elop AS (OB:ELOP) agreed on a principal terms of an agreement to acquire 65% stake in Hadeland Elektro As for NOK 20.9 million.

Elop AS (OB:ELOP) agreed on a principal terms of an agreement to acquire 65% stake in Hadeland Elektro As for NOK 20.9 million on August 3, 2022. The share purchase will be settled by NOK 14.05 million in Elop shares valued at NOK 2.80 per share and NOK 10.64 million in cash. Elop has an option to acquire the remaining 35 percent of Hadeland Elektro within five years from the closing date. As of 2021 Hadeland Elektro As reported revenues of NOK 43.6 million. The transaction is subject to customary closing conditions, due diligence, and final transaction documentation. Signing of share purchase agreement is expected to be on or about August 31, 2022, with expected closing mid September 2022.