Core Points - Solar A/S is launching an offering of up to 646,000 new B-shares, representing up to 10% of total B-shares outstanding and up to 8.78% of total registered share capital [1][2] - The net proceeds from the offering will be used for partial payment of the acquisition of Sonepar Norge AS [2] - The offering will be executed through an accelerated bookbuilding process and is fully underwritten by Fonden af 20. December [5][6] Offering Details - The offering will not be registered in the US and will be made to institutional and professional investors in Denmark and other relevant jurisdictions [3][4] - The offer price will be determined through the bookbuilding process, which is expected to close at any time [5] - A lock-up commitment for 180 days will be undertaken by the company and its board members following the settlement of the offering [7] Share Capital Increase - The decision to launch the offering is authorized by the board of directors under article 9(2) of Solar's articles of association [8] - The new shares will rank pari passu with existing B-shares and will be negotiable instruments without special rights [9] Trading and Listing - If issued, the new shares will be listed under the existing ISIN code DK0010274844 on Nasdaq Copenhagen, expected around 17 November 2025 [11][12] - The offering will be settled through Euronext Securities by way of book entry against cash payment [13] Timeline - Key dates include pricing and allocation on 11 November 2025, settlement on 14 November 2025, and admission to trading on 17 November 2025 [14]