TCM Group A/S

TCM Group A/S Announces Completion of Directed Issue of 1,221,419 New Shares

COMPANY ANNOUNCEMENT                                                                                                                    

No. 171/2023

Tvis, 26 June 2023

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TCM Group A/S Announces Completion of Directed Issue of 1,221,419 New Shares

On 26 June 2023, TCM Group A/S (“TCM” or the “Company”) announced its intention to raise new capital through an accelerated bookbuilding process. The offering (the "Offering") of new shares (the “New Shares”) in TCM has now been successfully completed. Reference is made to company announcement no. 170 of 26 June 2023.

TCM has successfully completed a directed issue and private placement of 1,221,419 new shares at an offer price of DKK 64.5 per share, raising gross proceeds to TCM of approx. DKK 78.8 million.

The Offering has not been registered under the U.S. Securities Act and was made pursuant to applicable exemptions from the obligation to publish a prospectus in Denmark as well as exemptions from the U.S. Securities Act and the securities laws of other applicable jurisdictions in a directed issue and private placement and subscribed for by eligible qualified institutional and professional investors in Denmark and in certain other jurisdictions and by certain members of TCM's Board of Directors and Executive Management at market price and without pre-emption rights for TCM’s existing shareholders.