Nasdaq First North Premier Growth Market, Copenhagen A/S
Company Announcement No. 20-2023
This message contains inside information
Announcement regarding result of offering of new shares with pre-emptive rights
On 31 May 2023, MapsPeople A/S announced in the company announcement no. 19-2023 an offering of up to 12,220,769 new shares (the "New Shares") in the company by increasing the share capital with up to a nominal amount of DKK 244,415.38 with pre-emptive rights (the "Pre-emptive Rights") for the existing shareholders at a subscription price of DKK 2.80 per 1 new share.
The subscription period for the New Shares ended on 21 June 2023. At the end of the subscription period, Pre-emptive Rights and binding orders had been exercised for a total of 3,736,283 New Shares, corresponding to 30.57% of the rights issue. In addition, the guarantee commitments from the guarantors, as described in company announcement no. 19-2023, subscribed for the remaining 6,357,142 of the New Shares. Consequently, the total gross proceeds of the rights issue amounts to DKK 28,261,590.00 for MapsPeople A/S.
10,093,425 New Shares of DKK 0.02 will be issued and the share capital be increased from a nominal amount of DKK 1,222,076.96 with a nominal amount of DKK 201,868.50 to a nominal amount of DKK 1,423,945.46.
On the result of the rights issue, CEO Morten Brøgger says the following:
"I am very pleased with the outcome of this capital raise reaching a bit over the target we announced in May. Our focus is now 100% on profitable growth of our business, our partner ecosystem, our market share and delivering on our financial guidance. I want to extend my gratitude to both our new investors and existing investors that continue to show support to MapsPeople ".
The registration with the Danish Business Authority of the New Shares is expected to take place on 27 June 2023. The New Shares will be issued through Euronext Securities Copenhagen immediately after registration with the Danish Business Authority under the interim ISIN code DK0062496204 which will not be admitted to trading, but will be merged with MapsPeople A/S' existing ISIN code DK0061549052, which is expected to take place on 30 June 2023.
The New Shares are expected to be admitted to trading under MapsPeople A/S' existing ISIN code on 29 June 2023.
After completion of the rights issue, MapsPeople A/S will have a nominal share capital of DKK 1,423,945.46 divided between 71,197,273 shares of DKK 0.02 each.
For additional information, please contact
Morten Brøgger, CEO
Mobile (+45) 31 23 48 72
Stigsborgvej 60, 9400 Nørresundby
Stockholmsgade 45 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 up 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.