ABGSC acted as joint bookrunner in the NOK 588 million secondary sale of shares in Kid ASA by Gjelsten Holding AS

On Tuesday 16 March 2021, Gjelsten Holding AS (“Gjelsten Holding”) announced the sale of 6 million shares in Kid ASA (”Kid” or the “Company”) at a price of NOK 93.00 per share yielding gross proceeds of NOK 588 million. The sale was conducted as an accelerated bookbuilding process, and the book was well oversubscribed, and included high quality institutional investors. After the sale, Gjelsten Holding owns 4,161,291 shares in Kid, representing 10.24% of the share capital in the Company. Gjelsten Holding is represented on the board of directors in the Company.