1.9.2021 15:39:17 CEST | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state
StrongPoint ASA ("StrongPoint", ticker: STRO) today announces that the second
and last phase of the divestment was completed on September 1, 2021. Reference
is made to the announcement made on June 28, 2021 by StrongPoint regarding the
divestment of its Labels business to Volati Tryck Holding AB. The first phase of
the transaction was related to the Swedish Labels business, which was completed
on July 1, 2021. The Norwegian Labels business was part of StrongPoint AS and
required a demerger to a new legal entity before it could be transferred to
Volati. The new legal entity Ettiketto AS was formally registered in late August
2021. The divestment follows StrongPoint's 2025 growth strategy to focus on
in-store and e-commerce retail technology.
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.
* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
StrongPoint is a retail technology company that provides solutions to make shops
smarter, shopping experiences better and online grocery shopping more efficient.
With over 400 employees in Norway, Sweden, the Baltics and Spain and together
with a wide partner network, StrongPoint supports businesses in more than 20
countries. StrongPoint provides in-store cash management and payment solutions,
electronic shelf labels, self-checkouts, task and labor management software,
click & collect temperature-controlled grocery lockers, in-store and drive-thru
grocery pickup solutions and, grocery order picking solutions. StrongPoint is
headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue
of 1bn NOK [ticker: STRO].
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