Exercise of warrants and share capital increase

Company Announcement No. 74 -2024

OrderYOYO A/S
Company announcement

 

Copenhagen, May 1 2024

OrderYOYO A/S (“OrderYOYO”) announces exercise of warrants and share capital increase

According to section 6 of the articles of association, OrderYOYO has on 30 June 2021 issued a number of warrants to its employees, executive management and board members.

 

OrderYOYO has received an exercise notice from warrant holder, Jesper Jakobsen, with the instruction to exercise 531,145 warrants pursuant to the warrant terms in appendix 1 to the articles of association. Each warrant entitles the warrant holder to subscribe for one share of nominally DKK 0.01 at a price of DKK 1.22 per share, and the total proceeds from the capital increase amount to DKK 647,996.9.

 

Pursuant to the authorisation in section 5 of the articles of association, the board of the directors has as a consequence of the above decided to increase the share capital of OrderYOYO by nominally DKK 5,311.45 by the issuance of 531,145 new shares. Following registration of the new shares with the Danish Business Authority, the share capital of OrderYOYO will be increased from nominally DKK 899,329.49 to nominally DKK 904,640.94 divided into 90,464,094 shares of nominally DKK 0.01.

 

The new shares will be admitted to trading on Nasdaq First North Growth Market upon registration of the capital increase with the Danish Business Authority. The new shares are issued without pre-emptive rights for OrderYOYO's existing shareholders, and no general restrictions apply in the pre-emptive rights of the new shares in subsequent capital increases. The new shares are negotiable instruments and are registered in the holder's name and recorded in the company's shareholders register.

 

Pursuant to its authorisation OrderYOYO's articles of association, the board of directors has carried out the necessary amendments to the articles of association as a result of the share capital increase.

 

For additional information, please contact

 

OrderYOYO A/S

Jesper Johansen, CEO

Mobile (+45) 21 67 84 92

Email [email protected]

OrderYOYO A/S, Vesterbrogade 149, DK-1620 Copenhagen V

 

Certified Advisor

 

Grant Thornton

Jesper Skaarup Vestergaard

Mobile (+45) 31 79 90 00

Grant Thornton Stockholmsgade 45, 2100 Copenhagen Ø

About OrderYOYO

OrderYOYO is a 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.