OrderYOYO announces capital increase, total share capital and voting rights
Company Announcement No. 68 - 2023
OrderYOYO A/S
Company announcement
Copenhagen, November 30, 2023
Capital increase, total share capital and voting rights of OrderYOYO A/S (“OrderYOYO”)
With reference to company announcement no. 67 of November 24, 2023, closing of the share-for-share exchange and acquisition of shares in Gustoco has been completed. Payment to the seller of Gustoco consists of 660,718 new shares in OrderYOYO and DKK 3.5m in cash. The transaction values the total share capital of Gustoco at DKK 8.9m.
OrderYOYO therefore announces a directed issue of 660,718 new shares of a nominal value of DKK 0.01 each (the “New Shares”) to the seller of Gustoco.
The New Shares are issued pursuant to the board of directors' existing authorization in article 5.1 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 subject to certain lock-up obligations.
The New Shares are issued and subscribed for at a price of DKK 8.2 per share (rounded), equal to a total subscription amount of DKK 5,413,667 (rounded), 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, November 30, 2023, and admitted to trading and listing on Nasdaq First North Growth Market Denmark in the ISIN code for the existing shares, DK0061553831, expectedly on December 4, 2023, and at the latest on December 11, 2023.
As of today, OrderYOYO’s share capital is increased by a nominal amount of DKK 6,607.18 from nominally DKK 892,722.31 to nominally DKK 899,329.49 distributed on shares of nominal value DKK 0.01 each and carrying one voting right each, corresponding to a total of 89,932,949 shares and 89,932,949 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 the market 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.