Correction to company announcement no. 26-2023: Donkey Republic discontinues agreement with Market Maker
Company Announcement no. 27-2023
In company announcement no. 26, released earlier today, Donkey Republic described the discontinuation of the agreement with Jyske Bank to act as liquidity provider, which could be misunderstood. Hence this correction is published to clarify the agreement with Jyske Bank to act as Market Maker, which is common practice when being listed on Nasdaq First North and to then discontinue the agreement after a certain amount of time. This correction announcement specifies company announcement no. 26-2023 as follows:
The agreement with Jyske Bank to act as Market Maker, was made in connection with the listing of Donkey Republic in May 2021 to increase liquidity when trading the Company’s shares, which at that time was common practice in connection with IPOs on Nasdaq First North. By discontinuing this agreement, Donkey Republic follows the trend from other companies listed on Nasdaq First North. The discontinuation of the agreement with Jyske Bank to act as Market Maker takes effect from 1 December 2023.
CONTACT INFORMATION
DonkeyRepublic Holding A/S
Skelbækgade 4, trappe B, 4. sal.
1717 København V
www.invest.donkey.bike
Niels Henrik Rasmussen, CEO
investor@donkeyrepublic.com
Certified Adviser
Grant Thornton Denmark,
Direct (+45) 35 27 50 11
Subscribe to the company announcements at:
https://invest.donkey.bike/donkey-republic-company-news/
About Donkey Republic
Founded in 2014, Donkey Republic is a Danish purpose driven impact company active in the micro mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.
Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city’s public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people's health & well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.
Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing