Grant of warrants
Company Announcement No. 19 - 2022
OrderYOYO A/S
Copenhagen, March 22, 2022
As part of its long-term incentive program The Board of Directors has today issued a total of 110,000 new warrants according to its current authorization in the articles of association of OrderYOYO A/S to the following employees:
|
Recipient |
Number of new warrants |
|
Head of Tele Sales Thomas Roberts |
55,000 |
|
Country Manager Ireland David Evans |
55,000 |
The warrants are issued free of charge. Each warrant grants the holder a right to subscribe for one share of nominally DKK 0.01. The exercise price is fixed at DKK 13.60 per share. The warrants will vest monthly over a period of four years and may be exercised following expiry of such vesting period during a period of 14 business days following the publication the half-yearly report or annual report. The theoretical market value of each warrant has been estimated at DKK 2.26, calculated on the basis of the Black-Scholes model. The key assumptions for the calculation are a share price of DKK 9.60, an exercise price of DKK 13.60, volatility of 40%, and risk-free interest rate of 0.00%. The warrants are subject to the specific terms set out in appendix 1 in the applicable articles of association which can be found on https://orderyoyo.com/investor-relations/
For additional information, please contact:
OrderYOYO A/S
Jesper Johansen, CEO
Mobile (+45) 21 67 84 92
Email [email protected]
OrderYOYO A/S Masnedøgade 26, 2100 Copenhagen Ø
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.
