ASTROCAST SA Notice of an Extraordinary General Meeting of ShareholdersAstrocast SA has called an extraordinary general meeting to resolve on the delisting from Euronext Growth Oslo. Reference is made to the company's application for de-listing on19 April 2024 . On26 April 2024 theOslo Stock Exchange resolved not to approve the application, as the company understands mainly on the basis that a de-listing should be approved by a formal general meeting of shareholders. When filing the application, the company had support from a significant majority of its shareholders, sufficient to resolve a de-listing. The expressed shareholder support of a de-listing has evidenced that a de-listing can take place and thereby making an investment in the company available for investors that do not have it within their investment mandates to inject capital into publicly traded companies. On this basis, the board of directors is continuing discussions with an aim to secure funding of the company, and has called the extraordinary general meeting to resolve on the delisting from Euronext Growth Oslo. In conjunction with the anticipated resolution by the general meeting to delist the from Euronext Growth Oslo, the company will apply for delisting and shareholders are informed that a delisting will be sought as soon as possible after the general meeting. Further reference is made to the stock exchange announcement by the company on12 April 2024 regarding a financial update and delisting. The company's financial situation remains uncertain. Any investment in the share involves high risk. The Company continues its work to secure financing and to delist from Euronext Growth Oslo, however; no assurances can be given as to the outcome or timing of the process. It is critical that the delisting is completed to be able to approach investors that potentially could support the company. Contact details For investorsKjell Karlsen , Chief Financial Officer Investors@astrocast.com Media Contact AstrocastFatima Vigil , Head of Marketing media@astrocast.com AboutAstrocast SA (ASTRO)Astrocast SA operates a leading global nanosatellite IoT network, offering services in industries such as Agriculture & Livestock, Maritime, Environment & Utilities to name a few. TheAstrocast network enables companies to monitor, track, and communicate with remote assets from anywhere in the world. It relies on superior L-band spectrum through a strategic alliance withThuraya . In partnership with Airbus, CEA/LETI andESA ,Astrocast developed Astronode S, an ultra-low power and miniaturised module compatible with inexpensive L-band patch antennas. Founded in 2014 by a renowned team of experts,Astrocast develops and tests all its products in-house, from the satellites to the modules.Astrocast is listed on Euronext Growth Oslo. For more information visit www.astrocast.com Legal Notice Neither this announcement nor anything contained herein constitutes a financial promotion, or an invitation or inducement to acquire or sell securities in any jurisdiction. Important notice: This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Thisstock exchange announcement was published byKjell Karlsen , Chief Financial Officer,Astrocast SA , on the time and date set out above in the announcement. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. Forward-looking statements This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures. This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. This announcement contains statements regarding the prospects and growth strategies of the Company. These statements are sometimes identified by the use of the future or conditional tense, or by the use of forward-looking terms such as "considers", "envisages", "believes", "aims", "expects", "intends", "should", "anticipates", "estimates", "thinks", "wishes" and "might", or, if applicable, the negative form of such terms and similar expressions or similar terminology. Such information is not historical in nature and should not be interpreted as a guarantee of future performance. Such information is based on data, assumptions, and estimates that the Company considers reasonable. Such information is subject to change or modification based on uncertainties in the economic, financial, competitive or regulatory environments. The Company's forward-looking statements speak only as of the date of this announcement. Absent any applicable legal or regulatory requirements, the Company expressly disclaims any obligation to release any updates to any forward-looking statements contained in this announcement to reflect any change in its expectations or any change in events, conditions, or circumstances, on which any forward-looking statement contained in this announcement is based. The Company operates in a competitive and rapidly evolving environment; it is therefore unable to anticipate all risks, uncertainties or other factors that may affect its business, their potential impact on its business or the extent to which the occurrence of a risk or combination of risks could have significantly different results from those set out in any forward-looking statements, it being noted that such forward-looking statements do not constitute a guarantee of actual results.
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