Impero A/S to raise DKK 7M in a Private Placement

Company Announcement no. 10 - This message contains inside information

Copenhagen, 16 November 2022

Impero A/S has today resolved to raise DKK 7M though an issue and private placement of 1,425,661 new shares in the Company. The Company has received subscription commitments for all of the new shares and expects to complete the private placement on 28 November 2022. 

As mentioned in the Company’s Q3 Report for 2022, announcement no. 9, the Company would explore the possibility of completing a private placement at market price with gross proceeds in the range of DKK 5-7M.

The Company is pleased to announce that it has today resolved to carry out a private placement of 1,425,661 new shares with gross cash proceeds of DKK 6,999,996. The new shares are issued at a share price of DKK 4.91 per share corresponding to the volume weighted average of the Company’s share price over the past three trading days.

Use of proceeds

The proceeds will be applied towards general corporate purposes directed at growth and fueling the Company’s commercial activities, all in line with the Company’s growth strategy.

The issue of new shares

The new shares are issued by way of a share capital increase pursuant to the authorization in Article 3.2 of Impero’s Articles of Association. All new shares will be paid in in cash. The new shares are issued to a limited group of new and existing investors and thus without pre-emptive subscription rights for the Company’s existing shareholders.

The offering comprises a total of 1,425,661 new shares at DKK 0.10 each, equivalent to 7.64% of Impero’s registered share capital prior to the share capital increase. The Board of Directors has received binding advance subscription commitments for the entire offering of new shares from certain new and existing investors.

Once issued, the new shares will carry the same rights as existing shares. The new shares shall be registered in the name of the holder through Euronext Securities. All rights relating to the new shares, including voting rights and dividend rights, will apply as from the time where the capital increase is registered with the Danish Business Authority.

Expected timetable for the capital increase
The Company expects to receive final subscriptions and subscription amounts no later than on 24 November 2022, following which the share capital increase will be registered with the Danish Business Authority. The new shares are expected to be admitted to trading on Nasdaq First North Growth Market under the existing ISIN code for Impero’s shares no later than 30 November 2022. The offering and admission to trading is exempt from the obligation to publish a prospectus.

Guidance for 2022 unaffected
This announcement and the private placement does not affect Impero’s latest financial guidance for 2022 as communicated in the Company’s Q3 Report for 2022.