Nustay A/S Publishes Supplementary Prospectus

Nustay A/S ("Nustay") has prepared and published a supplementary prospectus (“the Supplementary Prospectus") in addition to the EU Growth Prospectus related to Nustay’s rights issue of units, approved by the Danish Financial Supervisory Authority and published on March 24th, 2020. The Supplementary Prospectus is part of and shall be read in conjunction with the EU Growth Prospectus.

 

The Supplementary Prospectus has been prepared as a result of Nustay’s business- and market-related update in connection to COVID-19 which was announced by the Company on March 23rd, 2020. As stipulated in the prospectus attributable to the ongoing pre-emptive rights issue, Nustay has communicated several objectives, such as achieving positive cash flow during the third quarter of 2020 and subsequently become NET profitable (EBITDA profitable) during the fourth quarter of 2020. As a result of the current circumstances affecting the travel industry, the Board of Directors assesses that the objectives will be postponed for at least one quarter.

 

The supplementary prospectus has been prepared in accordance with Article 23 of Regulation (EU) 2017/1129 and was approved by the Danish Financial Supervisory Authority on March 24th , 2020, as the competent authority.

 

Right to withdraw the completed subscription

Investors who, prior to the publication of the Supplementary Prospectus, have made a subscription or otherwise consented to subscription of units in Nustay are entitled to withdraw their subscription or consent within two business days from the publication of the Supplementary Prospectus, that is, no later than March 26th , 2020, in accordance with Article 23 (2) of the Regulation (EU) 2017/1129 of the European Parliament and Council. Withdrawal must be made in writing to Sedermera Fondkommission, Norra Vallgatan 64, 211 22 Malmö or via e-mail issuingservices@sedermera.se. Investors who have subscribed for units in Nustay through a bank/nominee should contact their bank/nominee regarding the withdrawal. A subscription that has not been withdrawn will remain binding and investors who wish to remain their subscription of units in Nustay need not take any measures. For full terms and other information on Nustay’s ongoing rights issue of units, please refer to the prospectus.

 

Financial advisor and issuing agent

Sedermera Fondkommission acts as a financial advisor and issuing agent to Nustay in connection with the rights issue of units. VP Securities also acts as an issuing agent to Nustay in connection to the rights issue of units.

 

For further information on the rights issue of units

Sedermera Fondkommission

Phone: +46 40 615 14 10

Email: info@sedermera.se

Website: www.sedermera.se

 

For further information about Nustay

Nustay A/S

E-mail: investor@nustay.com

Website: www.nustay.com

 

About Nustay

Nustay is a Danish online hotel booking company established in 2014. The company has developed an innovative booking platform offering the lowest possible hotel prices while also enhancing the customer’s booking experience. Nustay has set out an ambitious vision to become the global leader within the online hotel booking industry and is confident its large hotel room inventory, novel pricing strategy, and transparent booking process, will achieve that goal.

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