Completion of share issue
March 06 2025 - 3:09AM
UK Regulatory
Completion of share issue
6 March 2025
Announcement no. 377
Rovsing raises gross proceeds of DKK 4
million through directed share issue
With reference to Company announcement no. 376,
Rovsing A/S (”Rovsing” or the “Company”) announces the result of
the subscription for the directed issue of new shares (the
“Issue”).
The Issue was oversubscribed resulting in a full
subscription of all 114,285 shares (the “New Shares”) at a
subscription price of DKK 35 each with gross proceeds of DKK
3.999.975. The subscription price is set at DKK 35.00 per share
corresponding to the 5-day volume-weighted average price at market
close as of 5 March 2025 including a discretionary discount of 7.7%
(the "Subscription Price") set by the Board of Directors of the
Company. The Board of Directors assesses the Subscription Price is
set at market terms. The subscriptions were taken up by both new
and existing shareholders with participation of Rovsing’s CEO, CFO
and members of the Board of Directors.
The New Shares will be admitted to trading on
Nasdaq OMX Copenhagen no later than end of week 11, 2025. The New
Shares will, upon issuance and registration with the Danish
Business Authority and admission to trading, rank pari passu with
the Company’s existing shares and carry the same rights as the
existing shares. After the admission of the New Shares to trading,
there will be a total of 684.797 shares of nominal DKK 10.00 each
with a total share capital of DKK 6.847.970.
“We are very pleased to announce the
successful completion of the Issue, a key milestone in Rovsing’s
journey. This Issue will support our transition to growth, allowing
us to ramp up sales activities, secure adequate working capital to
increase production flexibility. Thus, our full focus will now be
on executing our business plan to achieve the ambitions we have
communicated including establishing new subsidiaries and tap into
further growth potential.”, says Ulrich Ernst Beck, Chairman
of the Board of Directors of Rovsing.
Rovsing's Board of Directors and Management
would like to thank the investors who participated in the Issue,
which will strengthen Rovsing's market position in the coming
years.
Advisors
HC Andersen Capital acted as exclusive financial advisor in
connection with the Issue.
Further information
Rovsing A/S, Hjalti Pall Thorvardarson, CEO; e-mail: hpt@rovsing.dk
or Sigurd Hundrup, CFO; email: shu@rovsing.dk
IMPORTANT INFORMATION
This announcement is not a prospectus and has
been prepared on the basis that any offers of securities referred
to herein in any Member State of the EEA will be made pursuant to
an exemption under Regulation (EU) 2017/1129 on Prospectuses,
Article 1(5a).
The information contained herein shall not
constitute an offer to sell or the solicitation of an offer to buy,
nor shall there be any sale of the securities referred to herein in
any jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such
jurisdiction.
Any securities referred to herein have not been,
and will not be, registered under the U.S. Securities Act of 1933,
as amended (the “Securities Act”) or under the securities laws of
any state of the United States and may not be offered or sold,
directly or indirectly, in or into the United States absent
exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. There is no
intention to register any securities referred to herein in the
United States or to make a public offering of the securities in the
United States. The securities referred to in this announcement are
being offered and sold in a private placement only outside the
United States.
No representation or warranty, express or
implied, is or will be made as to, or in relation to, and no
responsibility or liability is or will be accepted by Rovsing A/S
or by any of its affiliates or agents as to or in relation to, the
accuracy, completeness or sufficiency of this announcement or any
other written or oral information made available to or publicly
available to any interested party or its advisers in connection
with the Company's the new shares and/or the private placement
referred to herein, and any liability therefore is expressly
disclaimed.
This announcement does not constitute an
investment recommendation. Each investor or prospective investor
should conduct his, her or its own investigation, analysis and
evaluation of the business and data described in this announcement
(and publicly available information). Any investment decision to
buy or subscribe for any shares in the private placement must be
made solely on the basis of publicly available information, which
has not been independently verified by the Sole Lead Manager. The
price and value of securities and any income from them can go down
as well as up and you could lose your entire investment. Past
performance is not a guide to future performance. The information
in this announcement cannot be relied upon as a guide to future
performance.
Certain statements in this announcement may
constitute forward-looking statements, which are based on Rovsing’s
expectations, intentions and projections regarding its future
performance, anticipated events or trends and other matters that
are not historical facts. Words such as “aim”, “anticipate”,
“believe”, “intend”, “estimate”, “expect”, “plan”, “project”,
“forecast” and words of similar meaning are intended to identify
forward-looking statements. These statements are not guarantees of
future performance and are subject to known and unknown risks,
uncertainties and other factors that could cause actual results,
performance, achievements or industry results to differ materially
from those expressed or implied by such forward-looking
statements.
- Announcement377_Completion of Share issue_final
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