Konsolidator to issue new shares in private placement - inside information

Company announcement no 9-2024

Søborg, April 30, 2024

Konsolidator to issue new shares in private placement

The Board of Directors of Konsolidator A/S (“Konsolidator”) has today exercised its authorization to issue new shares in a private placement of new shares with expected gross proceeds of up to DKK 6m. As announced in the Q1 2024 report, Konsolidator stated that it had received positive interest from investors including the Board of Directors. The expected net proceeds will strengthen the capital structure and finance our announced growth initiatives.

The Board of Directors of Konsolidator has today exercised its authorization to resolve on an increase of the share capital in a directed issue without pre-emption rights for Konsolidator’s existing shareholders according to articles 3.1.7 and 3.1.8 of the articles of association.

Consequently, the board of directors has resolved to issue up to a total of 1,685,394 new shares at a subscription price of DKK 3.56 per share corresponding to gross proceeds of approximately DKK 6m and an expected net proceeds of DKK 5.9m. The subscription price corresponds to the volume weighted average of the share price of Konsolidator’s shares the 5 trading days preceding the decision of the Board of Directors.

The new shares issued in connection with the directed issue will be subscribed by a group of 11 private investors, including all members of the Board of Directors and the CFO, Jack Skov.

Use of net proceeds

In the Q1 2024 report published on April 26, 2024, Konsolidator confirmed that the announced new growth initiatives are developing as planned creating value for Konsolidator. Growth initiatives covering further internationalization, partner channel building, and continued software development also for use in other verticals.

• On February 23, 2024, Konsolidator signed a letter of intent to open a sales office in Spain which is part of these new opportunities, and as stated in company announcement no 2-2024, the operations and establishment of the subsidiary are estimated to require DKK 1-2 million in 2024.
• On April 25, 2024, Konsolidator signed a partnership agreement with former Swedish country manager, Peter Simonsson, who will focus on selling in the Swedish market. As a country manager for Konsolidator, Peter signed 90 customers over 3 years.

To pursue these areas and other growth initiatives, Konsolidator need to raise capital to finance the establishment of the Spanish sales office and to finance the continued software development to explore new business segments for Konsolidator’s consolidation engine.