Capital increase in connection with exercise of warrants
Company Announcement No. 21-2021Copenhagen, 13 September 2021 Penneo issued a total of 4,502,603 warrants in May 2020 prior to the IPO. Each warrant entitles the holder to subscribe for one ordinary share in Penneo with a nominal value of 0.02 DKK per share. The total nominal value of the warrants equals 90,052.06 DKK. Fifteen individuals hold warrants in Penneo under the warrant scheme of May 2020. 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 to the existing shareholders