Canopy Holdings AS - Preliminary results of Subsequent Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange release published by Canopy Holdings AS ("Canopy" or the "Company") on 16 May 2023 regarding the commencement of the subscription period in the subsequent repair offering, consisting of an offering of up to 15,000,000 new shares in the Company (the "Offer Shares") at a subscription price of NOK 0.40 per share, raising gross proceeds of up to NOK 6,000,000 (the "Subsequent Offering").
The subscription period in the Subsequent Offering expired today, on 26 May 2023, at 16:30 hours (CEST).
Preliminary counting indicates that the Company has received validly made subscriptions for approximately 7,333,850 Offer Shares during the subscription period for the Subsequent Offering. The Company will verify the subscriptions made and provide an update with the final numbers of subscribed Offer Shares on Tuesday 30 May 2023.
The final allocation of the Offer Shares will take place on Tuesday, 30 May 2023, on basis of the allocation criteria resolved by the extraordinary general meeting of the Company on 3 May 2023 in connection with the approval of the Subsequent Offering and taking into account the principles communicated by the Company in the stock exchange releases published on 16 May 2023 and 26 May 2023 emphasizing the intention of the Subsequent Offering being to give Eligible Shareholders (as defined in the documentation related to the Subsequent Offering) the opportunity to maintain their pro rata ownership in the Company.
The final result of the Subsequent Offering will be published shortly after allocation on 30 May 2023, and letters regarding allocation of the Offer Shares and the corresponding subscription amount to be paid by each subscriber, are expected to be distributed on 30 May 2023.
The due date for payment of the Offer Shares is 1 June 2023.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 the Norwegian Securities Trading Act.
Arctic Securities AS is acting as sole Manager in the Subsequent Offering. Advokatfirmaet Simonsen Vogt Wiig AS is acting as Norwegian legal counsel to the Company.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
This stock exchange release was published by James Price, Chief Financial Officer on the time and date provided.
The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan Hong Kong or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations and is subject to the disclosure requirements of section 5‑12 of the Norwegian Securities Trading Act.
- Christian Erlandson, CEO, +44 7795953849, [email protected]
About Canopy Holdings AS
Canopy Holdings AS is a multi-national technology company listed on Euronext Growth Oslo. The company owns a leading portfolio of brands and companies that provides digitalization solutions to ski resorts, destinations, parks and attractions in key markets. Canopy Holdings AS currently consists of Catalate, Liftopia.com, Skitude and Spotlio.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER...