MapsPeople A/S announces completion of private placement

MapsPeople A/S 

Company Announcement No. 9 - 2024

Aalborg, April 23, 2024

Completion of Private Placement 

With reference to company announcements no. 6-2024 and 7-2024, MapsPeople A/S ("MapsPeople") hereby announces that the private placement of new shares ("New Shares") directed to one new shareholder (the "Private Placement") and the parallel sale of own shares resulting in total gross proceeds of approximately DKK 5.3 million is successfully completed. 

Registration of 2,000,000 New Shares of a nominal value of DKK 0.02 each corresponding to a share capital increase of nominal amount of DKK 40,000 has today been registered with the Danish Business Authority. MapsPeople's nominal share capital now amounts to DKK 1,621,133.08 divided into 81,056,654 shares of a nominal value of DKK 0.02 each corresponding to a total of 81,056,654 voting rights.

The New Shares will be admitted to trading and listed on Nasdaq First North Growth Market under the existing ISIN code, DK0061549052, with effect from 25 April 2024, and the temporary ISIN code for the New Shares, DK0062843884 will be merged with the primary ISIN code for existing shares as soon as possible thereafter. 

For additional information, please contact

MapsPeople A/S

Morten Brøgger, CEO

Mobile  (+45) 31 23 48 72

Email [email protected]

Stigsborgvej 60, 9400 Nørresundby

Denmark

Certified Advisor

Grant Thornton

Jesper Skaarup Vestergaard

Mobile (+45) 31 79 90 00

Stockholmsgade 45

2100 Copenhagen Ø

Denmark

IMPORTANT INFORMATION

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by MapsPeople in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions, including but not limited to, the United States, Australia, Canada or Japan.

This announcement does not constitute an offering circular, company description or other offer document and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in MapsPeople except as described in this company announcement.

Neither the existing shares of MapsPeople (the "Existing Shares") nor the New Shares have been, or will be, registered under the United States Securities Act of 1933, as amended ("Securities Act"). Neither the Existing Shares nor the New Shares may be offered or sold, directly or indirectly, in or into the United States or to persons residing there. Moreover, the Private Placement is not made to persons resident in Australia, Hong Kong, Japan, Canada, New Zealand, South Africa, Switzerland, or Singapore or to persons whose participation would require the publication up of a prospectus, registration or other measures.

Certain statements in this announcement constitute forward-looking statements. Forward-looking statements are statements (other than statements of historical fact) relating to future events and the Company's anticipated or planned financial and operational performance. The words "targets", "believes", "expects", "aims", "intends", "plans", "seeks", "will", "may", "might", "anticipates", "would", "could", "should", "continues", "estimates" or similar expressions or the negative forms thereof, identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. MapsPeople has based these forward-looking statements on its current views with respect to future events and financial performance. By their nature, forward-looking statements are based on certain assumptions and projections on future events and financial performance, which involve a number of risks and uncertainties that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and assumptions could adversely affect the outcome and financial consequences of the plans and events described herein. Actual results are likely to differ from those set forth in the forward-looking statements. Any forward-looking statements speak only as at the date of this document and neither the Company nor any of its respective affiliates, directors, officers, employees, advisors, or any other person is under any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You should not and may not rely on these forward-looking statements.