Loyal Solutions A/S receives preliminary approval for listing and publishes prospectus

Loyal Solutions A/S (“Loyal Solutions” or the “Company”), a market leading provider of global loyalty program solutions and SaaS technology, today announces that Nasdaq Stockholm AB has given its preliminary approval for listing of the Company’s securities on Nasdaq First North Growth Market Stockholm (“First North”). The approval is given under the condition that, among other things, First North’s spread requirements are met in the upcoming initial public offering. Loyal Solutions today also publishes the prospectus for the upcoming issue of units, for which the subscription period starts on Tuesday, 4 May 2021, and ends on 18 May 2021. The prospectus is published on Loyal Solutions’ (www.loyalsolutions.eu), and Sedermera Fondkommission’s (www.sedermera.se) respective websites. A summary teaser of the Company and the offer will be published on the websites mentioned above at the start of the subscription period.

About Loyal Solutions, the upcoming issue of units and listing on First North

Loyal Solutions started its activities in 2009 and delivers the market-leading Software-as-a-Service (“SaaS”) platform LoyalTFacts®, which enables clients to enjoy new ancillary revenue streams, increase current ones and improve their customer loyalty.

The Company has achieved significant growth by adapting to market developments and user needs and by signing valuable customer agreements with large global brands such as SAS EuroBonus, Accor Hotels, Aldar Group, Jyske Bank and Etihad Airways Group. Some of these clients have to Loyal Solutions indicated ambitious expansion plans ready for execution together with the Company as soon as the Covid-19 pandemic is resolved. In addition to expansion plans in current industries, which are the airlines-, hospitality-, and FinTech sectors, Loyal Solutions also plans to increase its focus in the market for shopping mall operators, where the Company already has a successful program with a large mall operator in the UAE. Another target market is Telecommunications where the Company has received positive initial feedback in early dialogues with potential clients. The Board of Directors foresees a significant demand for the Company’s services and technology post Covid-19, particularly in the airline industry where the Covid-19 pandemic has more than ever crystalized the value of airline loyalty programs which in many cases also has been instrumental in enabling airlines to survive the crisis.

Loyal Solutions is well-positioned for future organic growth with a strong focus on embracing the momentum post the pandemic and scaling its current business by ramping up sales and marketing efforts to existing and new verticals. This will require additional Sales, Key Account- and operational resources to be deployed. In addition, the Company aims to devote more resources to general R&D as well as special efforts on Artificial Intelligence (“AI”) and machine learning to maintain LoyalTfacts® as a market-leading SaaS platform. The Company is therefore conducting an issue of units (shares and warrants) prior to planned listing on First North, for which the Company has obtained a preliminary approval. The issue of units can initially provide the Company approximately SEK 40 million and an additional approximately SEK 32 million if all warrants are fully exercised in Q2 2022.

Summary of the offering

• Subscription period: 4-18 May 2021
• Subscription price: SEK 60.00 per unit. One (1) unit consists of three (3) shares and two (2) warrants of series TO 1, issued free of payment.
• Issue volume: The offer comprises a maximum of 1,999,998 shares and a maximum of 1,333,332 warrants of series TO 1, corresponding to approx. SEK
  39.9million and approx. SEK 32 million respectively. If the issue of units is fully subscribedand all associated warrants are exercised, Loyal Solutions will receive a capital injection totaling approx. SEK 72 million (before deduction of transaction related costs). The minimum subscription is 100 units, corresponding to SEK 6,000.00.
• Valuation (pre-money): Approx. SEK 150 million.
• Subscription commitments: The Company has received subscription commitments ofapproximately SEK 29.9 million, corresponding to approximately 74.8 percent of the initial issue of units.
• Number of shares before the issue of units: 7,500,000.
• Expected first day of trading on First North: 3 June 2021.
• Ticker, ISIN: LOYAL, DK0061535507.

Summary of the warrants of series TO 1

• Exercise period: 4-25 May 2022.
• Exercise price: One (1) warrant gives the right to subscribe for one (1) new share at a price of SEK 24.00 per share.
• Issue volume: If all warrants are exercised during this period, the Company will receive an additional approx. SEK 32 million before deduction of transaction  related costs.
• Ticker, ISIN: LOYAL TO 1, DK0061549219.

Advisors

Sedermera Fondkommission is the financial advisor and Markets & Corporate Law Nordic AB is the legal advisor to Loyal Solutions in connection with the planned capitalization and listing. Nordic Issuing is the assigned issuing agent.

Selling Agent
Nordnet Bank AB is the Selling Agent in the issue of units.

For further information on the planned capitalization and listing, please contact
Sedermera Fondkommission 
Phone: +46 (0) 40 615 14 10 
E-mail: [email protected]

For further information about the company, please contact

Peter Kisbye, CEO
Phone: +45 21 28 69 60
E-mail: [email protected]
Website: www.loyalsolutions.eu