OrderYOYO announces capital increase, total share capital and voting rights

Company Announcement No. 52 - 2023

OrderYOYO A/S
Company announcement

 

Copenhagen, April 28, 2023

Capital increase, total share capital and voting rights of OrderYOYO A/S (“OrderYOYO”)

With reference to company announcement no. 51 of April 17, 2023, closing of the share-for-share exchange and acquisition of shares in Kingfood has been completed. Payment to the sellers of Kingfood consists of 1,661,852 new shares in OrderYOYO and DKK 4.5m in cash. The transaction values the total share capital of Kingfood at DKK 13.4m.

OrderYOYO therefore announces a directed issue of 1,661,852 new shares of a nominal value of DKK 0.01 each (the “New Shares”) to the sellers of Kingfood.

The New Shares are issued pursuant to the board of directors' existing authorization in article 5.1 of the articles of association and in accordance with the exemption to the obligation to publish a prospectus in article 1, subsection 4(b) of Regulation (EU) 2017/1129 of 14 June 2017 on prospectuses to be published when securities are offered to the public or admitted to trading on a regulated market (Prospectus Regulation).

The New Shares are issued and subscribed for at a price of DKK 5.3747 per share, equal to a total subscription amount of DKK 8,931,955.94, determined pursuant to a valuation report prepared by an impartial valuation expert under section 37 of the Danish Companies Act and submitted under section 160 of the Danish Companies Act in connection with the transaction. 

The New Shares are expected to be registered with the Danish Business Authority today, April 28, 2023, and admitted to trading and listing on Nasdaq First North Growth Market Denmark in the ISIN code for the existing shares, DK0061553831, expectedly on May 2, 2023.

As of today, OrderYOYO’s share capital is increased by a nominal amount of DKK 16.618,52 from nominally DKK 876,103.79 to nominally DKK 892,722.31 distributed on shares of nominal value DKK 0.01 each and carrying one voting right each, corresponding to a total of 89,272,231 shares and 89,272,231 voting rights.

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 the market 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.