Company Announcement No. 35-2023
Aalborg, December 7, 2023
MapsPeople A/S ("MapsPeople") announces exercise of warrants and share capital increase
MapsPeople has on 26 April 2021 issued a number of warrants as stated in article 4.8 of the company's articles of association.
MapsPeople has received an exercise notice from warrant holder, Rasmus Steenberg Andersen, with the instruction to exercise 707,600 warrants pursuant to the terms in article 4.8 and appendix 4.8 of the articles of association. Each warrant entitles the warrant holder to subscribe for one share of DKK 0.02 at a price of DKK 0.02 per share, and the total proceeds from the warrant exercise amounts to DKK 14,152.
As a result of the warrant exercise, the board of the directors has resolved to increase the share capital of MapsPeople by a nominal amount of DKK 14,152 by the issuance of 707,600 new shares of DKK 0.02 each. Following registration of the new shares with the Danish Business Authority, the share capital of MapsPeople will be increased from a nominal amount of DKK 1,566,981.08 to a nominal amount of DKK 1,581,133.08 divided into 79,056,654 shares of DKK 0.02 each.
The new shares will be admitted to trading and listed on Nasdaq First North Growth Market upon registration of the capital increase with the Danish Business Authority. The new shares are issued without pre-emptive rights for MapsPeople's existing shareholders, and no general restrictions apply in the pre-emptive rights of the new shares in subsequent capital increases. The new shares are negotiable instruments and are registered in the holder's name and recorded in the company's shareholders register.
Pursuant to the above, the board of directors has carried out the necessary amendments to the articles of association as a result of the warrant exercise and subsequent share capital increase. Updated articles of association will be published on the company's website.
Morten Brøgger, CEO
Mobile (+45) 31 23 48 72
Stigsborgvej 60, 9400 Nørresundby
Mobile (+45) 31 79 90 00
2100 Copenhagen Ø
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited to, the United States, Australia, Canada or Japan.
This announcement does not constitute an offering circular, company description or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople except as described in this company announcement.
Neither the existing shares of MapsPeople (the "Existing Shares") nor the New Shares have been, or will be, registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the Existing Shares nor the New Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Private Placement is not made to persons resident in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication of a prospectus, registration or other measures.
Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the Company's anticipated or planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. MapsPeople has based these forward-looking statements on its current views with respect to future events and financial performance. By their nature, forward-looking statements are based on certain assumptions and projections on future events and financial performance, which involve a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking statements speak only as at the date of this document and neither the Company nor any of its respective affiliates, directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not and may not rely on these forward-looking statements.