Stabilization notice, end of stabilization period and exercise of over-allotment option

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Press release

5 May 2022

Danske Bank A/S, Danmark, Sverige Filial (”Danske Bank”), acting as stabilization manager, notifies that stabilization measures have been undertaken in Oneflow AB’s (publ) (”Oneflow” or the ”Company”) shares traded on Nasdaq First North Premier Growth Market. The stabilization period has now ended and no further stabilization measures will be carried out. Danske Bank has exercised the over-allotment option regarding 327,680 shares in Oneflow.

As was announced in connection with the Company’s issue of shares (the “Offering”) and the listing on Nasdaq First North Premier Growth Market (the “Listing”), Danske Bank, acting as stabilization manager, has had the option of carrying out stabilization measures. Danske Bank has, to the extent permitted by Swedish law, been able to perform transactions aimed at supporting the market price of the Company’s shares at levels above those which might otherwise prevail in the market for up to 30 calendar days after the first day of trading with the Company’s shares on Nasdaq First North Premier Growth Market. Such stabilization transactions have been possible to carry out on Nasdaq First North Premier Growth Market, the OTC market or in other ways.

Danske Bank has, however, had no obligation to undertake any stabilization measures and there has been no assurance that stabilization measures would be undertaken. No transactions have been carried out at a price exceeding the price in the Offering, i.e. SEK 45.00 per share.

In order to cover any over-allotments in relation to the Offering the Company has, as previously announced, undertaken to issue up to 1,003,680 additional shares, corresponding to a maximum of 15 percent of the total number of shares in the Offering (the “Over-Allotment Option”). Danske Bank has been able to use the Over-Allotment Option entirely or in part within 30 calendar days after the first day of trading of the Company’s shares on Nasdaq First North Premier Growth Market. Danske Bank as stabilization manager now notifies that the Over-Allotment Option with respect to 327,680 shares has been exercised.

The subscription price for the shares to be issued is SEK 45.00 for each new share. Oneflow will thereby be provided with additionally approximately SEK 15 million, which means that Oneflow as a result of the Offering has in total been provided with approximately SEK 290 million before transaction costs. Following the registration of the new shares issued pursuant to the Over-Allotment Option, the total number of shares and votes in Oneflow will amount to 25,142,528. All shares that Danske Bank as the stabilization manager has lent from an existing shareholder in order to cover over-allotment in connection with the Offering will be returned within short.

Danske Bank has, in its capacity as stabilization manager and in accordance with article 5(4) in the EU Market Abuse Regulation (EU) 596/2014 and the Commissions delegated regulation (EU) 2016/1052, notified that stabilization transactions have been undertaken on Nasdaq First North Premier Growth Market as specified below.

The contact person at Danske Bank is Carl-Johan Sjunnesson (phone: +44 20 7410 8000).

Specified below is a summary of the stabilization transactions which have been undertaken during the entire stabilization period in accordance with this press release and the Company’s press releases on 20 April 2022 and 29 April 2022, respectively. All transactions during the stabilization period have been undertaken on Nasdaq First North Premier Growth Market and no stabilization transactions have been undertaken on other dates than those specified below.

For further information, please contact:

Anders Hamnes, CEO and founder
Mobile: +46 76 788 50 76
Email: anders.hamnes@oneflow.com

This information is such information that Oneflow AB (publ) is obligated to make public according to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 5 May 2022 at 21:00 CET.

About Oneflow

Oneflow develops, sells and implements digital contract management and automation systems. The Company believes that contract processing today, both in Europe and globally, is mainly characterized by manual and paper or file-based contract management, which result in a high degree of time and resource-intensive administrative work and high exposure to human errors. Through the Company’s software platform, companies are given the opportunity to digitally handle contracts before, during and after signing within one single platform in order to automate and streamline the contract management process. The Company mainly operates in the Nordic market, but its product offering has a global reach and, by 31 December 2021, the Company had 18,886 paying users in 24 countries[1]. Oneflow’s business model primarily consists of providing long-term subscriptions of products adapted to different types of customer needs and preferences through a SaaS model (Software-as-a-Service). Oneflow was founded in 2012 and is headquartered in Stockholm, Sweden. The average number of employees was 83 during 2021, allocated in its three offices in Sweden, Norway and Finland.

The Company’s platform allows users to create, cooperate and work with contracts in real time, both internally within the organization and externally towards counterparties. Thereafter, the contract can be signed and archived in a structured and secure way. Contract data such as amounts, dates and deadlines are saved and can be filtered, summarized, aggregated and automatically integrated into other business systems and be used for notifications.

Certified Adviser is FNCA Sweden AB and can be reached on email: info@fnca.se and telephone: +46 (0) 8528 00 399.