MapsPeople A/S announces a directed issue and sale of own shares | Placera
Summary
The Private Placement will be carried out at a subscription price of DKK 2.10 equaling the average closing price of the share in the period from April 12 2024 to April 17 2024 (DKK 2,04) plus DKK 0,06.The Private Placement is made pursuant to and in compliance with the applicable exemptions from the obligation to publish a prospectus, and the New Shares will be issued in accordance with the Board of Directors authorization to increase MapsPeoples share capital without pre-emptive rights for the existing shareholders.The Private Placement is expected to be completed on 23 April 2024 and the New Shares are expected to be admitted to trading on Nasdaq First North Growth Market Denmark on 25 April 2024.Background for the Private Placement and sale of own sharesIn Company Announcement number 36-2023 MapsPeople informed that the financial plan for 2024 was fully financed, and the company continues to perform according to that plan. To further strengthen the capital structure the board has decided to proceed with this process.Gaining additional financial headroom provides more flexibility to MapsPeoples continuous efforts to improve the operational efficiencies through 2024, as well as improved flexibility delivering the guided growth through signing up and onboarding additional smart building partners. There are no changes to the existing guidance for 2024.The New Shares will be listed on Nasdaq First North Growth Market Denmark in reliance on the exemption in the EU Prospectus Regulation and not on the basis of a prospectus.The New Shares will be issued in the systems of VP Securities A/S ("Euronext Securities Copenhagen") and delivered to the investors in the temporary ISIN code DK0062843884. The temporary ISIN code will not be admitted to trading on Nasdaq First North Growth Market Denmark but will only be registered with Euronext Securities Copenhagen for use in connection with the investors subscription of the New Shares. 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.