OrderYOYO announces capital increase, total share capital and voting rights
Company Announcement No. 27 - 2022
OrderYOYO A/S
Company announcement
Copenhagen, July 1, 2022
Capital increase, total share capital and voting rights of OrderYOYO A/S (“OrderYOYO”)
With reference to company announcement no. 25 of June 17, 2022, closing of the share-for-share exchange and acquisition of shares in app smart GmbH (“app smart”) has been completed. Payment to the sellers of app smart consists of 29,608,901 new shares in OrderYOYO and DKK 22.3m in cash. The transaction values the total share capital of app smart at DKK 222m.
OrderYOYO therefore announces a directed issue of 29,608,901 new shares of a nominal value of DKK 0.01 each (the “New Shares”) to certain sellers of app smart.
The New Shares are issued pursuant to the board of directors' existing authorization in article 5.6 of the articles of association and in accordance with the exemption to the obligation to publish a prospectus in article 1, subsection 4(b) of Regulation (EU) 2017/1129 of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market (Prospectus Regulation).
The New Shares are issued and subscribed for at a price of DKK 6.8539 per share, equal to a total subscription amount of DKK 202,936,446.56, determined pursuant to a valuation report prepared by an impartial valuation expert under section 37 of the Danish Companies Act and submitted under section 160 of the Danish Companies Act in connection with the transaction.
The New Shares are expected to be registered with the Danish Business Authority today, July 1, 2022, and admitted to trading and listing on Nasdaq First North Growth Market Denmark in the ISIN code for the existing shares, DK0061553831, expectedly on July 4, 2022, and at the latest on July 15, 2022.
As of today, OrderYOYO’s share capital is increased by a nominal amount of DKK 296,089.01 from nominally DKK 576,572.17 to nominally DKK 872,661.18 distributed on shares of nominal value DKK 0.01 each and carrying one voting right each, corresponding to a total of 87,266,118 shares and 87,266,118 voting rights.
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.