NORBIT founder's family to sell 5.1% stake for early-stage investments

Draupnir Invest AS, owned by the children and founder Steffen Kirknes of NORBIT ASA, is exploring a block sale of its entire holding of 3,252,949 shares, representing approximately 5.1% of the company's outstanding shares. Pareto Securities AS is managing the accelerated bookbuilding process, which commences immediately on September 16, 2025, and is expected to close by 08:00 CEST on September 17, 2025.

The offering aims to release capital for Draupnir Invest's active family office in Trondheim, focusing on early-stage businesses. Despite the sale, the Kirknes family, through Steffen Kirknes's VHF Invest AS, will remain NORBIT's second-largest shareholder with approximately 9.6% ownership. The family, including the founder, will also enter a 12-month lock-up agreement for their remaining shares.

The minimum order and allocation in the offering are set at €100,000, with an exception for smaller amounts where prospectus exemptions apply. NORBIT ASA is scheduled for inclusion in the OSEBX as of September 22, 2025.