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GreenMobility

GreenMobility

Result of the private placement and further details on the issuance of 559,702 shares in GreenMobility A/S

08:52 / 21 October 2020 GreenMobility Press release

Company Announcement no. 71– 2020
Copenhagen, October 21st, 2020


NOT FOR RELEASE, PUBLICATION OG DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION IS UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO SELL OR SOLICITATION OF AN OFFER TO PUCHASE OR SUBSCRIBE FOR SECURITIES IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. ANY FAILURE TO COMPLY WITH THIS MAY CONSTITUTE A VIOLATION OF US, AUSTRALIAN, CANADIAN, JAPANESE OR SOUTH AFRICAN SECURITIES LAWS OR THE SECURITIES LAWS OF OTHER STATES AS THE CASE MAY BE.


Result of the private placement and further details on the issuance of 559,702 shares in GreenMobility A/S

The offering of new shares in GreenMobility A/S (“GreenMobility”) by way of a private placement (the “Private Placement”) has now been successfully completed through an accelerated book building process. Reference is made to company announcements no. 69 and no. 70 2020 of 19 and 20 October 2020, respectively.

As part of the Private Placement, GreenMobility will issue a total of 559,702 new shares at a subscription price of DKK 134 per share, resulting in gross proceeds for GreenMobility of DKK 75m.

GreenMobility has received subscription from existing shareholders such as AkademikerPension (MP Pension) and Arbejdernes Landsbank and others, as well as new investors such as Lønmodtagernes Dyrtidsfond (LD), UK-based L7 Management, the Company’s Vice Chairman of the Board of Directors Tue Østergaard, as well as a range of Nordic, German and British investors.

The proceeds from the Offering shall support GreenMobility's growth strategy, including the launch and subsequent operation of planned and new cities. Additionally, part of the proceeds will be utilised in funding of existing operational cities such as Aarhus, Malmö, Gothenburg, Antwerp and Ghent until these reach profitability as observed in Copenhagen, as well as development and strengthening of central operations and consolidation of balance sheet. Following the registration of the capital increase with the Danish Business Authority in connection with the issuance of the new shares on Monday 26 October 2020, the Company’s equity will be restored.

Following the completion of the Private Placement, the Company intends to work towards an admission for trading and official listing of the Company’s shares on the Nasdaq Copenhagen Main Market during the fourth quarter of 2020. Reference is made to company announcement no. 67 2020 of 7 October 2020 for further details.

Capital increase
The share capital will be increased with a nominal value of DKK 223,880.80. Following the capital increase, the share capital of GreenMobility will consist of 2,948,050 shares of a nominal value of DKK 0.40 representing a nominal share capital of DKK 1,179,220.00. The Board of Directors has accordingly exercised a nominal value of DKK 223,880.80 out of the total authorisation of a nominal value of DKK 1,910,678.40 in connection with the Private Placement, and the remaining authorisation set out in article 3.2 of the Company’s articles of association pursuant to which the Board of Directors is authorized to increase the share capital without pre-emption right for GreenMobility’s existing shareholders therefore constitutes a nominal value of DKK 1,686,797.60.

The new shares represent approximately 23.43% of GreenMobility’s registered share capital before the capital increase and 18.99% of GreenMobility’s share capital after the capital increase.

Timetable for the capital increase

  • Expected settlement date of payment against delivery is Friday 23 October 2020
  • Expected date of registration of the capital increase with the Danish Business Authority is Monday 26 October 2020
  • Expected day of admission for trading of new shares under the existing ISIN code is Thursday 29 October 2020

ISIN codes:
Existing ISIN: DK0060817898
Temporary ISIN: DKK0061413903

Manager
ABG Sundal Collier Denmark, filial af ABG Sundal Collier ASA, Norge, acted as Sole Manager and Bookrunner in connection with the offering.


Contact and further information
Anders Wall, Investor Relations
Tlf: +45 25 40 30 20, e-mail: aw@greenmobility.com

Certified Advisor
NORDEN CEF ApS
John Norden
Kongevejen 365, DK-2840 Holte
+45 2072 0200
jn@nordencef.dk

About GreenMobility
GreenMobility offers modern urbanites easy, flexible and sustainable transport in the form of electric, shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per-minute, through minute packages or on a daily basis. Today, GreenMobility operates a total of 900 EVs in Copenhagen, Aarhus, Malmö, Gothenburg, Antwerp and Ghent. More than 100,000 people have signed up with GreenMobility.

Driven by global megatrends, GreenMobility sees a rapidly growing market for car sharing in large cities, that demand green transport for their citizens and aim to reduce the number of private cars. GreenMobility’s ambition is to be among the leading global operators of green shared mobility solutions. GreenMobility is admitted for trading on the Nasdaq First North Growth Market in Denmark.


Important disclaimer
This announcement is not a prospectus and has been prepared on the basis that any offers of securities referred to herein in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 on Prospectuses, Article 1(4).

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The securities referred to in this announcement are being offered and sold in a private placement only outside the United States.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by GreenMobility A/S or by any of its affiliates or agents (including the Sole Lead Manager) as to or in relation to, the accuracy, completeness or sufficiency of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers in connection with the Company's the new shares and/or the private placement referred to herein, and any liability therefore is expressly disclaimed.

This announcement does not constitute an investment recommendation. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement (and publicly available information) Any investment decision to buy or subscribe for any shares in the private placement must be made solely on the basis of publicly available information, which has not been independently verified by the Sole Lead Manager. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. Information in this announcement cannot be relied upon as a guide to future performance.

Certain statements in this announcement may constitute forward-looking statements, which are based on GreenMobility’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Words such as “aim”, “anticipate”,
“believe”, “intend”, “estimate”, “expect”, “plan”, “project”, “forecast” and words of similar meaning are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements or industry results to differ materially from those expressed or implied by such forward-looking statem ents

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