Nustay announces outcome of the warrant exercise
September 10th, 2020, was the last day in the exercise period for the warrants that were issued in connection with Nustay A/S (“Nustay” or “the Company”) issue of units during March 2020. In total, 31,709 warrants were exercised, corresponding to a subscription rate of 0.2 percent.
Warrant exercise
In total, 31,709 warrants were exercised. This means that a total of 31,709 new shares will be registered with the Danish Business Authority (Danish “Erhvervsstyrelsen”) and that the total issue proceeds amount to DKK 39,636.25. The issue costs amount to approx. DKK 0.2 million. When the new shares have been registered with Danish Business Authority, the total number of shares in Nustay will amount to 48,620,149 shares and the share capital will amount to DKK 1,944,805.96. New shares are expected to be in the subscribers’ accounts around September 16th, 2020.
CEO Mathias Lundoe Nielsen comments
‘’Although the warrant exercise did not have the outcome we had anticipated when executing the issue of units before the COVID-19 pandemic, we keep our focus set on our new business strategy.’’
For more information regarding the warrants, please contact:
Sedermera Fondkommission
Telephone: +46 40 - 615 14 10
E-mail: info@sedermera.se
Website: www.sedermera.se
For further information about Nustay, please contact:
Investor Relations, Nustay A/S
E-mail: investor@nustay.com
Website: www.nustay.com
This information is information that Nustay A/S is obliged to publish following the EU Market Abuse Regulation. The information was provided by the contact person above for publication on September 14th, 2020.
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 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.