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DecideAct’s Board of Directors approves the effectuation of the conversion of a Likan AG managed convertible loan into new shares and the related capital increase

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DecideAct A/S [ACT], company announcement no. 17-2023

On 8 September 2023, a board meeting was held in DecideAct A/S (the "Company"), where it was resolved to approve the execution of the conversion of the Likan AG managed convertible loan into new shares and the related capital increase.

On 7 September 2023, the board received a notice from Likan AG as manager of the convertible loan note issued on 11 August 2023 (Convertible Loan Note) subject to the authorization in article 4.8 in the Company’s articles of association and the Convertible Loan Note dated 11 August 2023 concerning the request to exercise the right to convert the Convertible Loan Note into new shares for the full loan amount of DKK 5,000,000 as further described in annex 9 to the Company’s articles of association.

As such, the board has resolved on the related capital increase, whereby the Company’s share capital will be raised with nominally DKK 250,000 from DKK 1,804,257.90 to DKK 2,054,257.90. The conversion of the Convertible Loan Note into new shares is done at a subscription rate of 2,000 corresponding to DKK 2 per new share of nominally DKK 0.10. As such, 2,500,000 new shares will be issued. The new shares will carry the same rights as the Company’s existing shares.

The capital increase is expected to be registered at the Danish Business Authority no later than 11 September 2023 together with the capital increase related to the completed rights issue as further described in company announcement no. 16-2023 on 7 September 2023.

Contact Information

Company:
CEO, Flemming Videriksen
+ 45 78756550
E-mail: ir@decideact.net
DecideAct A/S
Østre Kajgade 3, 3730 Nexø, Denmark

Financial Adviser:
Managing Partner Søren Jonas Bruun
+45 40561109
E-mail: sb@gemstonecapital.com

Certified Adviser:
Keswick Global AG
 

About DecideAct A/S [ACT]: DecideAct is a provider of SaaS software and solutions that move manual execution and follow-up of strategy to a cloud-based Strategy Execution Management platform. By rethinking the way strategy is executed, DecideAct has created a groundbreaking tool that is relevant to all companies and organizations, public or private, in all industries, geographies, functional roles, and their mission-critical priorities related to achieving strategic goals. DecideAct’s vision is to modernize strategic leadership through technology.

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