Capital increase in Penneo A/S as a result of exercise of warrants

On 27 January 2025, Visma Danmark Holding A/S ("Visma") announced the final result of the all-cash voluntary recommended public takeover offer (the "Offer") to purchase all of the issued and outstanding shares (excluding treasury shares) in Penneo A/S ("Penneo"), please refer to Penneo's announcement of 27 January 2025 (no. 4/2025).

The final result showed that Visma had received acceptances from warrantholders in Penneo, holding in total 1,647,804 warrants. By accepting the Offer, said warrantholders had undertaken to exercise their warrants and sell the underlying shares to Visma in connection with completion of the Offer.

On this background, Penneo announces that the company's capital has been increased by 1,647,804 new shares with a nominal value of DKK 0.02 each, corresponding to an increase of the share capital with nominally DKK 32,956.08.

The shares are subscribed in cash at the following price per share of nominally DKK 0.02:

528,055 shares at DKK 10.242 per share

525,895 shares at DKK 8.91 per share

593,854 shares at DKK 7.93 per share

Proceeds to Penneo amount to DKK 14,803,325.98.

Each share of nominally DKK 0.02 carries one vote at general meetings in Penneo.

Registration of the capital increase with the Danish Business Authority was completed on 3 February 2025. Following the registration, the new shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen as soon as possible under the ISIN code of Penneo's existing shares (DK0061283009). 

Pursuant to Section 32 of Consolidated Act no. 198 of 26 February 2024 on capital markets, as amended, Penneo hereby announces that the total nominal value of Penneo's share capital after the capital increase is DKK 714,781.32, which is made up of 35,739,066 shares of a nominal value of DKK 0.02, each carrying one vote, corresponding to 35,739,066 votes.