Capital increase in connection with exercise of issued warrants

Company announcement no. 10/2022
1 June 2022

The Board of Directors of Wirtek A/S issued 250,000 warrants in June 2019 following an authorisation given by the general meeting. Each warrant entitles the holder to subscribe for one Wirtek A/S share with a nominal value of DKK 0.15. The exercise price for the warrants was calculated at the time of issue to 6.10 DKK.

The vesting period was set to three years, and the warrants could be exercised by the holders in the first exercise period from 1 May to 15 May 2022. Instructions and payments have been received to exercise a total of 182,800 warrants by 28 warrants holders.

In addition, the Board of Directors of Wirtek A/S issued 400,000 warrants in June 2018 following an authorisation given by the general meeting. Each warrant entitles the holder to subscribe for one Wirtek A/S share with a nominal value of DKK 0.15. The exercise price for the warrants was calculated at the time of issue to 3.87 DKK.

The vesting period was three years, and the warrants could be exercised by the holders in the first exercise period from 1 May to 15 May 2021 where 31 warrants holders exercised 343,500 warrants. During the second exercise period this year, 1 May to 15 May 2022, an additional 33,500 warrants were exercised by 5 warrants holders. Instructions and payments have been received to exercise these 33,500 warrants.

Today, the Board of Directors has decided to increase the capital related to the exercised warrants in accordance with the authorisations. The share capital of Wirtek will as a result be increased by a nominal amount of DKK 32,445 from DKK 1,086,886.80 to DKK 1,119,331.80. Dilution of the existing shareholders is 2.9%.

The new shares are expected to be admitted to trading and official listing on Nasdaq First North Growth Market Denmark after the formal issue. The first day of trading is expected to be no later than mid-June 2022.

Further information

• Michael Aaen, CEO, Wirtek A/S, Phone: +45 2529 7575, E-mail: [email protected]
  Niels Jernes Vej 10, 9220 Aalborg Ø, www.wirtek.com
• Kent Mousten Sørensen, Chairman, Wirtek A/S, Phone: +45 2125 9001
• Per Vestergaard, Certified Advisor, CDI Global, Phone: +45 2176 4317

About Wirtek

Wirtek is a Danish IT outsourcing company. Since 2001, we have been teaming up with companies to help them create great software solutions and electronic equipment products.

Several clients have been with us for more than 10 years, so we can confidently say that in outsourcing, the quality of the relationship matters just as much as the quality of the delivered software. Our clients get state-of-the-art technical solutions and a committed team that works with them as if it were their own.

Wirtek has offices in Denmark (HQ + sales) and four development and test centres in Romania, and we are 180+ colleagues. Wirtek was listed at Nasdaq First North Growth Market Denmark in 2006.

Ticker Code: WIRTEK (DK0060040913)