NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE
PEOPLE'S REPUBLIC OF CHINA, SOUTH AFRICA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.
Oslo, 10 October 2017: Reference is made to the stock exchange announcement
dated 10 October 2017 regarding the successful completion of the bookbuilding
for the initial public offering of the shares of Webstep ASA ("Webstep", the
"Company", ticker WSTEP).
Webstep has today issued 4,992,659 new shares, each with a nominal value of NOK
1.00, at an offer price of NOK 24.50 per share in the institutional and retail
offering and an average price of NOK 19.44 per share in the employee offering.
The new shares have been legally and validly issued and have been registered in
the Norwegian Register of Business Enterprises. Following the issuance of the
new shares, the share capital of Webstep is NOK 26,248,391 consisting of
26,248,391 shares, each with a nominal value of NOK 1.00.
Arctic Securities AS, SpareBank 1 Markets AS and SpareBank 1 SR-Bank ASA,
Markets are acting as joint global coordinators and joint bookrunners in the
Kjetil Eriksen, CEO Webstep, +47 982 98 008
Anders Løken, CFO Webstep, +47 977 69 200
About Webstep ASA
Webstep ASA and its subsidiaries form the Webstep Group, a high-end provider of
IT consultancy services in Norway and Sweden. Since its incorporation in 2000,
the Webstep Group has offered IT services designed to address its customers'
software needs by creating functional custom-made digital tools and applications
optimising the customers' business strategies. Webstep aims to be at the
forefront of the technological development and to assist its customers in their
digitalisation through the offering of cutting-edge IT expertise. The Webstep
Group's core digitalisation offering consists of digitisation, cloud
implementation, migration and integration, in addition to its other core focus
areas Internet of Things (IoT), machine learning and analytics. An important
part of the Webstep Group's strategy is to employ and offer only senior IT
consultants with significant experience. As of 30 June 2017, the Webstep Group
employed 393 employees, of which 350 were IT consultants. For more information
This announcement is not and does not form a part of any offer for or invitation
to sell or issue, or any solicitation of an offer to purchase or subscribe for
any shares or any other securities nor shall it (or any part of it) or the fact
of its distribution, from the basis of, or be relied upon in connection with,
any contract therefor.
Copies of this announcement are not being made and may not be published,
distributed, transmitted or sent, directly or indirectly, in or into the United
States, Australia, the Hong Kong Special Administrative Region of the People's
Republic of China, Canada, Japan, South Africa or any other jurisdiction in
which such distribution would be unlawful or would require registration or other
The securities referred to in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), or any securities laws of any state or other jurisdiction of the United
States and accordingly may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements of
the Securities Act and in accordance with applicable U.S. state securities laws.
The Company does not intend to register any part of the offering in the United
States or to conduct a public offering of securities in the United States. Any
sale in the United States of the securities mentioned in this announcement will
be made solely to "qualified institutional buyers" as defined in Rule 144A under
the Securities Act.
This announcement is an advertisement and not a Prospectus for the purposes of
Directive 2003/71/EC, as amended (together with any applicable implementing
measures in any Member State, the "Prospectus Directive").
In any EEA Member State other than Norway that has implemented the Prospectus
Directive, this communication is only addressed to and is only directed at
"qualified investors" in that Member State within the meaning of Article 2(1)
(e) of the Prospectus Directive ("Qualified Investors"), i.e., only to investors
to whom an offer of securities may be made without the requirement for the
Company to publish a Prospectus pursuant to Article 3 of the Prospectus
Directive in such EEA Member State.
This communication is only being distributed to and is only directed at persons
in the United Kingdom that are (i) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order") or (ii) high net worth entities,
and other persons to whom this announcement may lawfully be communicated,
falling within Article 49(2)(a) to (d) of the Order (all such persons together
being referred to as "relevant persons"). This communication must not be acted
on or relied on by persons who are not relevant persons. Any investment or
investment activity to which this communication relates is available only for
relevant persons and will be engaged in only with relevant persons. Persons
distributing this communication must satisfy themselves that it is lawful to do
This announcement does not constitute a recommendation concerning the IPO. The
price and value of securities and any income from them can go down as well as
up. Past performance is not a guide to future performance. Information in this
announcement or any of the documents relating to the IPO cannot be relied upon
as a guide to future performance.
This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.