DecideAct A/S - Notice to Convene: Extraordinary General Meeting

DecideAct A/S [ACT], company announcement no. 09-2023:

The Board of Directors hereby convenes an Extraordinary General Meeting to be held as a physical general meeting at the office of DecideAct A/S on:

Wednesday, 9 August 2023 at 15:00 CEST

DecideAct A/S’ office is located at Østre Kajgade 3, 3730 Nexø, Bornholm, Denmark.

Please see below for an elaboration of the purpose of the Extraordinary General Meeting and see attachments for the full notice to convene and other relevant documents in respect of the general meeting. The existing Articles of Association will be amended accordingly, and Company Announcement will be made in due time.

Forceful execution of strategy towards break-even in 2024:

On the 25^th of May 2023, DecideAct published a press release with a strategy update [link]. In this release the Company announced that it is experiencing strong interest in its product and highlighted its focus upon a) The public sector in Denmark and Iceland as a potential game-changer, b) Strategic partnerships for growth – modernizing consulting through technology, and c) DecideAct as a leading infrastructure and decision support for strategy - GenAI and Integrations. These focus areas including lean operations and a strong pipeline, form the basis for continued growth and an expected break-even in 2024.

Acting on financing options at hand:

DecideAct intends to pursue financing opportunities to support its ambitions and objectives. This includes a contemplated rights issue with pre-emptive rights for existing shareholders and/or the issuance of convertible debt. This approach is expected to fulfill the Company's capital needs and preserve long-term shareholder value.

"Investor support and confidence in the potential of a long-term project like DecideAct is essential to secure the necessary capital to achieve business success and long-term shareholder value. I am therefore very grateful for the ongoing interest from our investors and we are pursuing two opportunities that will be clarified in the coming weeks as we aim to complete the capital increase in early fall 2023", says Flemming Videriksen, CEO of DecideAct.

Contact Information:

About DecideAct A/S [ACT]: DecideAct is a provider of SaaS software and solutions that move manual execution and follow-up of strategy to a cloud-based Strategy Execution Management platform. By rethinking the way strategy is executed, DecideAct has created a groundbreaking tool that is relevant to all companies and organizations, public or private, in all industries, geographies, functional roles, and their mission-critical priorities related to achieving strategic goals. DecideAct’s vision is to modernize strategic leadership through technology.