Shape Robotics initiates buyback of its own shares

Company announcement no. 18-23
Copenhagen, April 9, 2023

Shape Robotics announced in company announcement no. 10-23 that following a successful rights issue, the company would acquire treasury shares to cover existing and future share option programs as well as possible remuneration for the takeover of one or more existing companies.

Shape Robotics has of today 4.972 treasury shares, the total number of shares in the company is 12,555,142 including treasury shares.

Description of the buy back

The company seeks to acquire approx. 250,000 treasury shares in total, of which 75,000 shares are initiated to be acquired in the market (Nasdaq First North Copenhagen; Ticker: SHAPE) during the below-mentioned period.

The company will acquire treasury shares from April 11, 9:00 until April 21, 17:00. The company will announce the week's total result of share buybacks with publication of the weekly trades at end of each week in the period. The company may also choose to stop the share buyback program at any time, either because it maximum frame is used up or if significant price-affecting events occur before period expires on 21 April 2023. The company will not directly apply the safe harbour rules, due to low liquidity in the share, but will, at its discretion, buy shares in the market based on days with high trading volume, and strives not to influence the daily prices with setting nor the lowest or highest bid price.

Additional information and investor relations
André Fehrn, CEO
Tlf.  (+45) 2444 8556
Email: [email protected]
Rugmarken 18, 3520 Farum, Denmark
CVR-nr. 38322656
www.shaperobotics.com

Certified advisor contact
Grant Thornton