Risk Intelligence successfully completes directed share issue against debt of approx. DKK 3.9 million

The Board of Directors of Risk Intelligence A/S (“Risk Intelligence” or the “Company”) has, with support from the authorization granted by the extraordinary general meeting held on 8 December 2022, resolved to issue 1,695,700 new shares at the price of DKK 2.28 per share against existing debt. The price is based on the latest trading price (Friday 24 February).

CEO Hans Tino Hansen
“The debt conversion to equity of about DKK 3.9 million is the first step in the funding strategy to support the 2025 Strategy. The aim of the funding strategy is to substantially reduce debt, reduce capital costs, re-establish equity, provide sufficient liquidity for operations and to provide capital for investments in technology and growth to support the entire 2025 Strategy.”

The directed share issue
With support from the authorization granted by the extraordinary general meeting held on 8 December 2022, the Board of Directors has carried out a directed share issue of 1,695,700 new shares. The reason for the deviation from the shareholders’ preferential rights is mainly to strengthen the Company’s financial position in a short and cost-effective timeframe. The directed share issue will result in reduction of debt of DKK 3,866,196 million.

The new shares will be admitted to trading on Spotlight Stock Market following their issuance and registration. The Company today has a share capital of DKK 1,108,204.70 divided between a total number of 11,082,047 shares. After the transaction the Company will have a share capital of DKK 1,277,774,70 divided between a total number of 12,777,747 shares. The directed share issue will entail a dilution for the current shareholders of approximately 13.2 percent calculated by dividing the number of new shares and votes with the total number of shares and votes in the Company after registration of the new shares.

Issuing agent
Nordic Issuing acts as issuing agent in connection with the directed share issue.

This information is information that Risk Intelligence A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person(s) set out below, on 27 February 2023.

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