Capital increase in connection with exercise of warrants
Company Announcement No. 29-2021Copenhagen, 13 December 2021 Penneo issued a total of 4,502,603 warrants in May 2020 prior to the IPO. Of the warrants issued in May 2020, a total of 2,559,650 warrants remain under this warrant scheme prior to the opening of the exercise window on 25 November 2021. Each warrant entitles the warrant holder to subscribe for one ordinary share in Penneo with a nominal value of 0.02 DKK per share. The warrants are fully vested upon issuance and all warrant holders have signed lock-up agreements on equal terms as those of the lock-up obligation applying