Third interim dividend from Powerpool Mining SL and status update

Oslo/Madrid 14th of October 2024 With reference to stock exchange announcement on the 20th of June 2024.

The board of Powerpool Mining SL, a 65,65% owned subsidiary of Lokotech Group AS, held a board meeting today and decided to pay a third interim dividend of 35.000 Euros gross.

The board wishes to inform the market that the dividend is decided to be somewhat low due to the following reasons:

Amortization of developed software prohibits a larger interim dividend without moving into a paper loss caused in close to entirety by this amortization. The Board of Directors are exploring a reduction in share premium fund as a replacement for the fourth and last interim dividend.

And;

Increased investment in growth initiatives that is expected to generate cash flows in Q4 2024 and onwards, whereas: The company is investing in SOC1 and SOC2 certification to adhere to U.S. enterprise size clients’ requirements.

The company has a non-disclosed initiative to increase attractiveness for enterprise size operations that requires some working capital to initiate pilots. Furthermore, the company has agreed to a commission based model and recruited an agent in the U.S. to accelerate growth. The company is exploring the same type of agency model with several industry players in China and other markets that are challenging to reach from Northern Europe.

For a month-over-month comparison for August 2024 with August 2023, the gross revenue of Powerpool Mining Sl is approximately 5.3x measured in euros.

For more information, contact us at post@lokotech.no

For live data, check powerpool.io

This information is mandatory in accordance with Section 5-12 of the Norwegian Securities Trading Act.