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Value-Holdings AG — Share Issue/Capital Change 2021
Mar 2, 2021
7285_rns_2021-03-02_0792238e-26f2-45d2-906e-7409ea99402a.pdf
Share Issue/Capital Change
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O
VALUER
Grant of warrants
2.3.2021 18:34:11 CET | Valuer | Company Announcement
Company Announcement No. 10-2021
Today, in continuation of Company Announcement No. 9-2021, the Board of Directors of Valuer has exercised part of its current authorization to issue a total of 234,500 new warrants. Off those are 200,000 allocated to Morten Halager, who has been appointed new CFO of Valuer and will be part of the Executive Board. After this issue, 3,350,500 warrants corresponding to 75% of the original authorization to issue warrants remain.
The exercise price is fixed at DKK 8.81 per share corresponding to five-day average share price from 23 February to 1 March 2021. The warrants will vest over 36 months starting from today and are subject to the existing lock-up agreements as described in the growth prospectus. Warrants that have not been exercised before 31 December 2028 will lapse automatically. Warrants can be exercised for a period of four weeks after the Company's announcements of the annual report and half-year report.
The theoretical market value of one warrant granted is DKK 2.19 (calculated using the Black Scholes model). The key assumptions for the calculation are a share price of DKK 8.56, an exercise price of DKK 8.81, volatility of 25%, and a risk-free interest rate of - 0.25%.
The warrants include conditions on accelerated vesting in case of change of control, e.g. a takeover bid, merger or delisting. The warrants are issued in accordance with article 3 of the Articles of Association.
The specific terms of warrants issued by the Company can be found in the growth prospectus and in the Articles of Association on www.investors.valuer.ai.
For further information:
Dennis Poulsen, CEO and Co-founder
Tel: +45 51 15 95 12
email: [email protected]
Investor Relations contact
Steffen Heegaard
Tel: (+45) 40 25 35 24
Jesper Skaarup Vestergaard
Certified Advisor
Grant Thornton
Tel: (+45) 31 79 90 00
About Valuer
Valuer is a data-driven innovation platform for corporations, corporate ventures and venture funds. Through artificial intelligence the platform helps organisations assess and understand the intersections of new technologies and new business models at speed. For more information, please visit http://www.valuer.ai.
Contacts
- Dennis Poulsen, CEO and Co-founder, +45 5115 9512, [email protected]
Attachments
- Download announcement as PDF.pdf