Proposed authorisation to the Board of Directors to increase the share capital of the Company

Oslo, 30 March 2022: The Board of Directors of Scatec ASA (the “Company“) has proposed that the Annual General Meeting grants an authorisation to the Board of Directors to increase the share capital of the Company by:

  1. up to NOK 397,293 (approximately 10% of the share capital of the Company) for the purpose of strengthening of the Company’s equity and the issuance of consideration shares in connection with acquisitions of businesses within the Company’s purpose, and
  2. up to NOK 28,275.1 in connection with the Company’s share incentive programme for employees.

The board has proposed that the authorisations shall be valid until the Annual General meeting to be held in 2023. The proposed authorisations will be on the agenda for the Company’s Annual General Meeting to be held on 29 April 2022.

For further information, please contact:

Andreas Austrell, VP Investor Relations
Tel: +47 974 38 686, email: andreas.austrell@scatec.com