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 - Seite 2

The proceeds of the Placing are intended to be used for repayment of debt facilities.

GN, the Board of Directors and the Executive Management have agreed to a 180-day lock-up period following settlement of the Placing in relation to shares in GN. The lock-up undertakings are subject to certain customary exemptions. The Placing is not underwritten.

Admission to trading and official listing
The New Shares and the Treasury Shares will be delivered in the temporary ISIN code DK0062495669. No application for admission to trading and official listing has been, or will be, filed for the New Shares and the Treasury Shares in the temporary ISIN code, and the temporary ISIN code will only be registered with Euronext Securities Copenhagen (VP Securities A/S) for subscription of the New Shares and for the Placing of the Treasury Shares. The temporary ISIN code in Euronext Securities Copenhagen (VP Securities A/S) will be merged with the permanent ISIN code for the existing shares (the "Existing Shares”), DK0010272632, as soon as possible following registration of the share capital increase with the Danish Business Authority. The New Shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen A/S on or around 31 May 2023 under the permanent ISIN code.
The closing of the Placing is subject to the Placing not being withdrawn prior to the registration of the capital increase and GN making an announcement to that effect.
 

Date	Event
30 May 2023	Settlement and payment for the Shares
30 May 2023	Expected registration of the capital increase with the Danish Business Authority
31 May 2023	Admission to trading and official listing of the New Shares on Nasdaq Copenhagen A/S
1 June 2023	Merger of the temporary ISIN of the New Shares and the Treasury Shares with the ISIN of the existing shares