GreenMobility A/S announces intention to carry out a private placement and raise DKK 26.2 million in new capital

Company Announcement no. 134 – 2023
Copenhagen, December 14^th, 2023

GreenMobility A/S announces intention to carry out a private placement and raise DKK 26.2 million in new capital

GreenMobility announces private placement of DKK 26.2 million
In company announcement number 133 from 12 December 2023, GreenMobility A/S (”GreenMobility”) announced it would assess possible solutions to strengthen its liquidity position.

Today, the Board of Directors of GreenMobility has decided to launch an issue for a private placement of 889,707 new shares with gross proceeds of DKK 26.2 million (the “Private Placement”). The new shares are issued at a share price of DKK 31.7 per share corresponding to the closing of the Company’s share price today with a discount of 7%, the Board of Directors assesses the subscription price has been set at market terms.

The new shares are issued as a capital increase pursuant to the authorization in 3.2 of the Articles of Association. The new shares are issued to a limited group of new and existing investors and thus without pre-emptive subscription rights for the Company’s existing shareholders. All new shares will be paid in cash.

GreenMobility has received indications of interest for more than DKK 26.2 million from existing institutional investors as well as new private investors, Management and the Company’s Chairman of the Board of Directors.

The issuance of new shares
The new shares are issued to a limited number of Danish investors pursuant to and in compliance with the applicable exemptions from the obligation to publish a prospectus according to the Prospectus Regulation (EU) 2017/1129 of 14 June 2017.

The share capital increase from the Private Placement is carried out without pre-emptive rights for GreenMobility’s existing shareholders in accordance with the authorization granted to the Board of Directors and set out in article 3.2 of the Articles of Association. The new shares will, upon issuance and registration with the Danish Business Authority and admission to trading on Nasdaq Copenhagen, rank pari passu with GreenMobility’s existing shares and carry the same rights.

Expected timetable for admission to trading
GreenMobility expects to receive final subscriptions no later than 15 December 2023, following which the share capital increase will be registered with the Danish Business Authority. The new shares are expected to be admitted to trading on Nasdaq Copenhagen under the existing ISIN code for GreenMobility’s shares no later than 29 December 2023.