Penneo cancel its extraordinary general meeting planned for 29 February 2024

Company Announcement No. 8-2024

Copenhagen, 23 February 2024

On 28 January 2024, founding shareholders André Clement and Jakob Neua Nørgaard requested Penneo’s Board of Directors to convene an extraordinary general meeting as disclosed in Company Announcement no. 4-2024. 

A larger group of shareholders - counting Viking Venture, ATP, other institutional and private investors and founding shareholders Jakob Neua Nørgaard and André Clement have since found a solution and a group of individuals that enjoy widespread backing to serve in Penneo’s Board of Directors. 

Consequently, André Clement and Jakob Neua Nørgaard have decided to withdraw their request for the extraordinary general meeting and their proposals to dismiss the Board of Directors and elect new members. The Board of Directors has simultaneously also withdrawn their proposals to dismiss Jakob Neua Nørgaard and elect Jostein Vik as a substitute. As there are now no proposals for the extraordinary general meeting, Penneo cancels the meeting. 

The larger shareholders will then collectively propose Jostein Vik (chair), Eske Gunge, Kasper Behrens, Morten Elk, and Rikke Stampe Skov, as candidates for Penneo’s Annual General Meeting which will be held on 10 April 2024. 

“We have compromised on a solution that has backing from all of the larger shareholders, ensuring competencies within tech, international scaling, and domain knowledge. Together we have assembled a board with the right skills and expertise to ensure Penneo's future success for the benefit of employees, customers, and shareholders.”, says André Clement and Jakob Neua Nørgaard

“Looking forward to working closer together with the team at Penneo, the Board of Directors and the shareholders. Penneo is well positioned to capture the market of digital signing and KYC workflows in the European market and we believe that we can contribute significantly to making that happen”, says Jostein Vik, Viking Venture

Penneo will send out the notice to convene the Annual General Meeting as soon as possible and in accordance with the deadlines set in the Danish Company’s Act and Penneo’s Articles of Association.