MapsPeople A/S | Inside information
Company Announcement No. 32-2023
Aalborg, November 28, 2023
Result of private placement
With reference to company announcement no. 30-2023, MapsPeople A/S ("MapsPeople") hereby announces that the private placement has now been successfully subscribed. The private placement has been executed in accordance with applicable exemptions from the obligation to publish a prospectus at market price without pre-emption rights for existing shareholders.
The subscription of the private placement totals a nominal amount of DKK 143,035.62 divided into 7,151,781 new shares of a nominal amount of DKK 0.02 each, subscribed for at a market price of DKK 1.19 per share calculated as the average closing price of the share in the period from 16 November 2023 to 22 November 2023. The total gross proceeds from the private placement amounts to DKK 8,510,619.75 assuming payment of the subscription amount.
The offering has been supported by a number of existing shareholders of MapsPeople including but not limited to EIFO, Kapitalforeningen BankInvest Select, CEO Morten Brøgger, members of the Board of Directors including Lars Brammer, Michael Gram and Rasmus Mencke.
The new shares will have the same rights in all respects with existing shares in MapsPeople and will be admitted to trading in the existing ISIN code DK0061549052 on Nasdaq First North Growth Market, expectedly on 5 December 2023, after payment of the subscription amounts and registration with the Danish Business Authority has taken place, expectedly on 1 December 2023. MapsPeople will inform the market when the registration with the Danish Business Authority has taken place.
After the private placement has been registered with the Danish Business Authority, the total share capital in MapsPeople will amount to a nominal value of DKK 1,566,981.08 divided into 78,349,054 shares with a nominal value of DKK 0.02 each, corresponding to a total of 78,349,054 voting rights.
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.