ODICO A/S (“Odico” or “the Company”) announced on 31 October 2023 its rights issue of shares with pre-emptive rights for existing shareholders (“Rights Issue” or “the Issue”) with a price of 0.76 DKK per new share. Today, 7 November 2023, is the first day of the subscription period which means existing shareholders and new upcoming shareholders can participate in the Issue.
Investor News 08-2023
Growing order book with partnership strategy: Since July 2023 Odico has successfully managed to accelerate their commercial scale-up with orders from key market players such as Aarsleff, Peri, Arkil, Kaj Bech, EMR, Fehmarn Belt-project, Adserballe & Knudsen. Additionally, a significant million order from the wind industry and a +4 million DKK order from the construction industry has been secured. The management of Odico has successfully positioned the Company in a highly competitive and mature industry as an attractive supplier through a partnership-oriented strategy.
Capital for additional scale-up and break-even: The Rights Issue, alongside the newly 17.6 mDKK grant from EU, will in combination strengthen the key figures of Odico and scale their focused business areas. A successful Rights Issue is expected to make Odico break-even in the first half of 2025, making the Issue the last capital raise before break-even.
The offer: Odico offers 18.221.926 new shares at a price of 0.76 DKK per new share raising a total of 13.8 mDKK in gross proceeds. The offer is public, which allows participation for both existing and new shareholders. The subscription period runs from today, 7 November 2023 to 20 November 2023.
Be aware that each bank may have shorter subscription periods.
How to participate: The Issue can be participated by both existing and new shareholders:
More information about Odico and the Rights Issue is available on the Company’s investor page. Here you will find all necessary information through an investor brochure, teaser and subscription form:
Odico investor page (English): https://odico.dk/en/emission-2023/
Odico investor page (Danish): https://odico.dk/da/emission-2023/
Odico LinkedIn page: https://www.linkedin.com/company/odico/
Subscription form: https://nordic-issuing.se/wp-content/uploads/Odico-DK-Overtegningsblanket.pdf
Company announcement of the Issue: https://mfn.se/nir/a/odico/odico-a-s-rights-issue-of-up-to-13-8-mdkk-ba098681
Key people and advisers
The Company’s Board of Directors:
Søren Ravn Jensen (Chairman BoD), Marlene Haugaard (Member BoD), Bjarke Ruse Sejersen (Member BoD).
The Company’s Management:
Henrik Jacobsen (CEO), Claus Henningsen (CFO), Asbjørn Søndergaard (CTO) Alexander Andersen (CCO)
Financial Advisor:
Gemstone Capital A/S
Strandvejen 60,
DK-2900 Hellerup
Denmark
For further information about Odico, please contact:
Henrik Jacobsen
CEO, Odico A/S
henrik.jacobsen@odico.dk
+45 3015 2229
For further information about the Issue, please contact:
Sadjad Hassani
Associate, Gemstone Capital A/S
sh@gemstonecapital.com
+45 2758 5929
Odico A/S utilizes cutting-edge robotic solutions to increase efficiency and precision in the construction industry. Odico's state-of-the-art robotics technology automates traditionally labor-intensive tasks, leading to significantly increased productivity and cost savings.
With a focus on reducing material waste and CO2 emissions, Odico is leading the way in digital manufacturing and scalable robotic solutions, shaping the future of the industry through innovation.
Odico A/S prides itself on being at the forefront of innovation for a sustainable future.
Read more about Odico and see case examples at www.odico.dk