TCM Group A/S

TCM Group A/S Launches Offering of up to 1,221,419 New Shares in a Directed Issue

 

COMPANY ANNOUNCEMENT                                                                                                                    

No. 170/2023

Tvis, 26 June 2023

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TCM Group A/S Launches Offering of up to 1,221,419 New Shares in a Directed Issue

TCM Group A/S (“TCM” or the “Company”) has resolved to launch an offering (the “Offering”) of new shares (the “New Shares”). The Offering will begin immediately and will be completed through an accelerated bookbuilding process consisting of up to 1,221,419 New Shares of DKK 0.1 each, representing up to 13.4% of the Company’s currently registered share capital in a private placement directed at qualified institutional and professional investors in Denmark and certain other jurisdictions. Certain members of the Company's Board of Directors and Executive Management have indicated to subscribe for New Shares for a total amount of DKK 1,510,000 in connection with the Offering.

USE OF PROCEEDS AND BACKGROUND FOR THE OFFERING
Following the Company’s acquisition of Aubo Production A/S, as announced in Company Announcement no. 167/2023 of 19 June 2023, the Company has been considering raising additional equity and strengthening TCM’s capital structure. The net proceeds from the Offering are intended to provide the Company with a robust capital structure after the acquisition of Aubo Production A/S and allow for pursuance of potential strategic investments and business initiatives.