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Correction to Grant of warrants (Company Announcement no. 19-2023 of 31 March 2023)

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Company Announcement No. 20-2023

Copenhagen, 5 April 2023

Penneo announced on 31 March 2023 in Company Announcement no. 19-2023 that the Board of Directors had exercised part of its current authorization to issue a total of 823,761 warrants to the Board of Directors, the Executive Management and key managers in Penneo. 

This number is incorrect and should have been announced correctly as 780,613 warrants as only 286,582 warrants were granted to the Board of Directors as opposed to the originally announced 329,730.

The rest remains unchanged. For additional information see Company Announcement no. 19-2023

Further information

Christian Sagild

Chairman of the Board 

Tel.: (+45) 21 41 04 87

About Penneo A/S

Penneo is a provider of Software-as-a-Service (SaaS), and was initially established for the purpose of assisting businesses with digital document signing and digitizing workflows. Today, the company has developed into an eco-system of digital solutions which automate work routines within for example anti-money laundering (AML) - a RegTech software that offers businesses an efficient and cost-saving way to comply with legislation. 

The original and widespread product "Penneo Sign", which helps customers secure easy online signing of documents, is still continuously developed by the company - while at the same time new products appear, such as Penneo KYC (Know Your Customer) - a product that digitizes the work-flows in businesses and contributes to complying with legal requirements in connection with onboarding and identification of customers.  

Penneo holds a strong position across the geographical markets it operates in. In total, 1.8 million individuals signed documents electronically with Penneo in 2022 across all of the markets we operate in.

In April 2022, Penneo was listed on Nasdaq Copenhagen following a listing on Nasdaq First North in June 2020. This transition contributes to strengthening the company's focus on European expansion. 

For information about Penneo, please visit https://penneo.com/investors

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