Otovo ASA – Resolution to increase the share capital
Oslo, 16 January 2026: Reference is made to the stock exchange announcement made by Otovo ASA (the "Company") on 5 December 2025, regarding the extraordinary general meeting held on that day where it was announced that the general meeting resolved to, inter alia, grant the board of directors an authorization to increase the share capital to facilitate a reverse share split.
The board of directors has resolved to increase the share capital with a total of NOK 0.04, by the issuance of 4 new shares, each with a nominal value of NOK 0.01.
Upon registration of the share capital increase, the Company's registered share capital will be NOK 5,313,908.10, divided into 531,390,810 shares, each with a nominal value of NOK 0.01.
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For further queries, please contact: William J. (John) Berger, Chief Executive Officer Email: john.berger@otovo.ai
Andreas Thorsheim, Chief Product Officer Email: athornor@otovo.com
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About Otovo: For homeowners, Otovo is the easiest way to get solar panels on the roof, and batteries in the home. Otovo is a marketplace that organises hundreds of local, high quality and qualified energy installers. The company uses its proprietary technology to analyse the potential of any home and finds the best price and installer for customers based on an automatic bidding process between available installers.
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