Grant of warrants
Company Announcement No. 29 -2022
OrderYOYO A/S
Company announcement
Copenhagen, July 7, 2022
With reference to company announcements no. 28 of July 7, 2022, the board of directors of OrderYOYO has today decided to issue a total of 4,196,301 new warrants according to its authorisation in article 6.1 of the company’s articles of association to the following employees:
|
Recipient |
Number of new warrants |
|
Matthias Thom |
973,767 |
|
Boris Pomeranets |
973,767 |
|
Mauro Greco |
500,000 |
|
Fahim Djalali |
450,000 |
|
Schoheib Kaiumi |
50,000 |
|
Daniel Stein |
44,000 |
|
Harjot Multani |
44,000 |
|
Nicolas Klaue |
44,000 |
|
Slobodan Licinar |
44,000 |
|
Mike Rudenko |
44,000 |
|
Jesper Johansen |
973,767 |
|
Michael Mortensen |
55,000 |
The warrants are issued free of charge. Each warrant grants the holder a right to subscribe for one share of nominally DKK 0.01. The warrants will vest monthly over a period of four years (except for one warrant holder whose warrants are vested upon grant) and may be exercised following expiry of such vesting period during a period of 14 business days following the publication the half-yearly report or annual report. The theoretical market value of each warrant has been estimated at DKK 0.48, calculated on the basis of the Black-Scholes model. The key assumptions for the calculation are a share price of DKK 5.6, an exercise price of DKK 13.60, volatility of 40%, and risk-free interest rate of 1.00%.
The warrants are subject to the terms set out in appendix 1 in the applicable articles of association which can be found on https://orderyoyo.com/investor-relations/
For additional information, please contact
OrderYOYO A/S
Jesper Johansen, CEO
Mobile (+45) 21 67 84 92
Email jesper.johansen@orderyoyo.com
OrderYOYO A/S Masnedøgade 26, 2100 Copenhagen Ø
Certified Advisor
Grant Thornton
Jesper Skaarup Vestergaard
Mobile (+45) 31 79 90 00
Grant Thornton Stockholmsgade 45, 2100 Copenhagen Ø
About OrderYOYO
OrderYOYO is a leading European online ordering, payment, and marketing software solution provider. OrderYOYO’s solution is offered as Software-as-a-Service (SaaS) and enables small independent takeaway restaurants to have their own-branded online presence direct to consumers. OrderYOYO helps takeaway restaurants drive online takeaway orders through their own tailored software solution in the individual takeaway restaurant’s own brand - we liberate restaurants.