StrongPoint Follow

23.12.2020 18:46:16 CET | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state

Reference is made to the announcement made on December 18, 2020 by StrongPoint
ASA ("StrongPoint", ticker: STRO) concerning the divestment of Cash Security
business area to Cennox Ltd. StrongPoint today announces that the first phase of
the divestment was completed on December 23 2020. The transaction includes a
performance-based earn-out for the years 2021-2023, and the final payment is
expected in January 2024. The divestment follows StrongPoint's 2025 growth
strategy to focus on instore and e-commerce retail technology.

DISCLAIMER

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.

CONTACTS

 * Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,
   hilde.gilen@strongpoint.com 

ATTACHMENTS

 * Download announcement as PDF.pdf
   [https://kommunikasjon.ntb.no/ir-files/17847450/232/278/Download%20announceme
   nt%20as%20PDF.pdf]

This information was distributed by Oslo Børs https://www.oslobors.no/