EQS-Adhoc

GN Store Nord A/S announces successful completion of directed issue and private placing of new shares and existing treasury shares, raising gross proceeds of approximately DKK 2.75 bn

EQS-Ad-hoc: GN Store Nord A/S / Key word(s): Capital Increase GN Store Nord A/S announces successful completion of directed issue and private placing of new shares and existing treasury shares, raising gross proceeds of approximately DKK 2.75 bn 25-May-2023 / 10:59 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR REQUIRE REGISTRATION OR ANY OTHER MEASURES

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFERING MEMORANDUM OR A PROSPECTUS AS DEFINED BY REGULATION (EU) NO. 2017/1129 OF 14 JUNE 2017.

GN Store Nord A/S announces successful completion of directed issue and private placing of new shares and existing treasury shares, raising gross proceeds of approximately DKK 2.75 bn

GN Store Nord A/S ("GN") hereby announces the completion of an accelerated bookbuild process of a total of 17,319,337 shares (nominally DKK 69,277,348) of each DKK 4.00 comprising 13,719,337 new shares (the “New Shares”) and 3,600,000 existing treasury shares (the “Treasury Shares” and together with the New Shares, the “Shares”) at an offer price of DKK 160 per share, raising gross proceeds to GN of approximately DKK 2.75 bn (the "Placing").

On 24 May 2023, GN launched the Placing of New Shares and Treasury Shares at market price in connection with a private placement.

The Placing has now been successfully completed as a private placement in the form of a utilization of the Board of Directors’ authorization to increase the share capital and issue New Shares without pre-emptive rights for GN’s existing shareholders and a sale of Treasury Shares.

As the Placing was oversubscribed, an individual allocation of the Shares was made.

The Placing was made pursuant to applicable exemptions under Regulation (EU) no. 2017/1129 of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, as amended from the obligation to publish a prospectus.