MapsPeople A/S | Exercise of warrants
MAY NOT BE PUBLISHED, DISTRIBUTED, OR SUPPLIED OR IN PARTICULAR, DIRECTLY OR INDIRECTLY, IN OR TO THE USA, AUSTRALIA, CANADA, OR JAPAN. This announcement does not constitute an offering circular, Prospectus, or other offer document. No one should purchase or subscribe for any securities in MapsPeople A/S ("MapsPeople" or the "Company") except on the basis of information in the Prospectus published by the Company in connection with the Offering and admission of such securities to trading on Nasdaq First North Premier Growth Market Denmark ("First North"), which is available on the Company's website.
Company Announcement No. 7 - 2021
Increase in share capital and number of votes due to exercise of warrants
According to section 12 of the prospectus and section 4.4-4.7 of the articles of association, MapsPeople A/S ("MapsPeople") issued a total of 2,716,250 warrants on February 14th 2018, June 14th 2018, April 21st 2020 and December 1st 2020 according to its authorization from the general meeting referred to in section 4.1-4.2 in the articles of association.As described in the prospectus, the said warrants are subject to accelerated vesting and an exercise window of 10 business days upon notice of an exit (defined as an IPO). Consequently, the said warrants will expire on the first day of trading (June 2nd 2021) if not exercised before. The exercise window expired today at 16:00 (CET).Instruction and payment have been received to exercise a total of 325,800 warrants by one (1) warrant holder. The remaining 2,390,450 warrants have expired, and been replaced by the warrants issued on April 26th 2021 as described in section 12 of the prospectus.Each of the 325,800 warrants entitles the warrant holder to subscribe for one share in MapsPeople with a nominal value of DKK 0.02 at an exercise price of DKK 2.00 per share, equivalent to a total nominal value of DKK 6,516.Today the Board of Directors decided to carry out the capital increase relating to the exercised warrants. As a result of the capital increase, the share capital of MapsPeople will be increased by a nominal amount of DKK 6,516 from DKK 1,089,516 to DKK 1,096,032. The number of shares and votes will be increased from 54.475.800 to 54.801.600.The capital increase will be registered with the Danish Business Authority (Erhvervsstyrelsen) on June 2nd 2021.
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IMPORTANT INFORMATION
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople A/S 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, Prospectus or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople A/S except on the basis of information in the company description published by the Company in connection with the Offering and admission of such securities to trading on Nasdaq First North Growth Market Denmark ("First North"), which is available on the Company's website.Neither the existing shares of MapsPeople A/S nor the Offer 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 Offer Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Offering 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. Any application to subscribe for the Offer Shares in violation of these restrictions may be void. Persons who receive copies of this announcement are required to inform themselves about, and comply with, such restrictions. Any failure to comply with the restrictions described may result in a violation of securities regulations.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. The Company 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.
CONTACT INFORMATION
MapsPeople A/S
Michael Gram, CEO
Mobile (+45) 53 74 09 00
Email mg@mapspeople.com
Stigsborgvej 60, 9400 Nørresundby
Denmark
Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
Mobile (+45) 31 79 90 00
Grant Thornton
Stockholmsgade 45 2100 Copenhagen Ø
Denmark
January 6, 2021
