Audientes A/S: Convertible loan lender exercise right to partly convert loan to shares at market price.
Company announcement no. 36-2023
November 27, 2023
Audientes A/S (“Audientes” or the “Company”), CVR 36047631, announces that Gerhard Dal (the remaining convertible loan lender to do so) have exercised his right and converted 20% of his loan receivable to shares in Audientes. The converted loan amounts to TDKK 292, and the nominal share capital will be increased by further TDKK 276.
The conversion rate is DKK 0.1059 (rounded) for a share of nominal DKK 0.10 and has been calculated using the Volume-Weighted Average Price method (known as VWAP) over 10 trading days prior to the approval of the conversion by Audientes’ board of directors.
The fees related to the conversion of the loans announced in company announcements CA 35-2023 and this CA 36-2023 is estimated to TDKK 25 exclusive VAT to be paid by Audientes A/S.
With reference to Company announcement CA 35-2023 published earlier today, Audientes’ share capital increases due to this conversion with further 2,759,638 shares to a total of 59,384,321 shares. The remaining convertible loans amounts hereafter to TDKK 4,676.
For further information, please contact:
Steen Thygesen, CEO, Audientes A/S
Phone: +45 77 34 16 80
Email: st@audientes.com
About Audientes A/S
Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes’ unique self-fitting hearing aid solution, Ven™ by Audientes, is available for purchase in India and Nepal. Companion by Audientes is an advanced hearable consumer electronics product available in Europe and expectedly later in 2023 in China and Japan.
Audientes’ mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with a subsidiary in Hyderabad, India.
For additional information please refer to the company’s websites, www.audientes.com, www.audientes.eu or www.audientes.in.
This disclosure contains information that Audientes is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on November 27, 2023, 17:05.
This disclosure contains information that Audientes is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 27-11-2023 17:05 CET.