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Visma's acquisition of House of Control receives regulatory clearance

Press release -

Visma's acquisition of House of Control receives regulatory clearance

In a press release earlier today, Visma announced that its voluntary cash offer for all outstanding shares of House of Control, a Norwegian SaaS-company with shares admitted to trading on Euronext Growth Oslo, has been accepted by 97,8 percent of its shareholders.

Visma can now also announce that it has received a receipt of regulatory clearance for the acquisition of the shares by the Norwegian Competition Authority ("Konkurransetilsynet").

This means that two of the main conditions for the offer, a minimum acceptance level above 90 percent and regulatory approval, are now fulfilled.

Settlement of the offer will take place no later than 15 November 2022, and remains subject to several conditions, including that no material adverse change and no material breach of the transaction agreement by House of Control have occurred.

For more information, please see the stock exchange release from House of Control.

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Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 13,500 employees, 1,400,000 private and public sector customers across Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.

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Lage Bøhren

Lage Bøhren

Head of Communication Norway +47 921 57 801

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Shaping the future of society through technology

Visma is a leading provider of mission-critical business software for a more efficient and resilient society. By simplifying and automating the work of companies and organisations of all sizes, we improve people's everyday lives. With 13,500 employees, 1,400,000 private and public sector customers across Europe and Latin America, and net revenue of € 2,081 million in 2021, we are committed to making tomorrow better than today. Visit us at visma.com.

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Norway