DanCann Pharma A/S: Last day of subscription of shares in the ongoing Rights Issue is 20 June 2024 on Nordnet Bank and Avanza Bank

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA, SOUTH KOREA, SINGAPORE, SWITZERLAND OR IN ANY OTHER JURISDICTION WHERE SUCH RELEASE, DISTRIBUTION OR PUBLICATION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.

 

COPENHAGEN, Denmark, 19 June 2024 - DanCann Pharma A/S (SS: DANCAN) ("DanCann Pharma" or the “Company”), a Danish company powered by cannabinoids, hereby announces that Thursday, 20 June 2024 at 13:59 CET, is the last day of subscription in DanCann Pharma’s ongoing rights issue of shares (the “Rights Issue”) through the Nordnet Bank and Avanza Bank.

In the Rights Issue, the Company offers a maximum of 1,832,907,879 new shares of the Company with pre-emptive rights for existing shareholders. New shares not subscribed for by exercise of pre-emptive rights can be subscribed for by existing shareholders and the general public.

The subscription period closes officially on Monday, 24 June 2024, at 17:00 CET. Note that for some banks and brokers the last date of subscription is earlier than 24 June 2024, i.e. Nordnet Bank and Avanza Bank, where the last date of subscription is the 20 June 2024 at 13:59 CET.

We encourage existing shareholders and new investors to check with their bank or broker whether the last date of subscription is 24 June 2024 or earlier. 

Advisers

EK Equity AB is acting as a financial advisor to DanCann Pharma.

Mazanti-Andersen is acting as the legal adviser of DanCann Pharma.

Nordic Issuing acts as issuing agent.

For media inquiries or further information, please contact:

Jeppe Krog Rasmussen, CEO

DanCann Pharma A/S

Email: [email protected]  

About DanCann Pharma A/S

DanCann Pharma A/S (SS: DANCAN) was founded in 2018 and is a Danish biopharmaceutical Company powered by cannabinoids. DanCann Pharma A/S (SS: DANCAN) is listed on the Spotlight Stock Market in Copenhagen/Stockholm.

For more information, please visit: www.dancann.com

Forward-looking-statement:

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events, or developments that the Company believes, expects, or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology.

Forward-looking statements are subject to several risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the inability of the Company, to obtain sufficient financing to execute the Company’s business plan; competition; regulation and anticipated and unanticipated costs and delays, the success of the Company’s research strategies, the applicability of the discoveries made therein, the successful and timely completion and uncertainties related to the regulatory process, the timing and outcomes of regulatory or intellectual property decisions and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities.

Although the Company has attempted to identify important factors that could cause actual results or events to differ materially from those described in forward-looking statements, there may be other factors that cause results or events not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The forward-looking statements included in this presentation are made as of the date of this presentation and the Company does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.