Konsolidator Solidifies Future with Successful Private Placement

Konsolidator Completes Successful Private Placement

Konsolidator A/S has announced a significant milestone with the successful completion of a private placement aimed at bolstering its financial stability and enabling future growth. This strategic move involves the issuance of new shares, facilitating additional investment from current shareholders and promoting overall business expansion.

Details of the Private Placement

In a prior announcement, Konsolidator disclosed the Board of Directors' resolution to issue up to 692,962 new shares. A total of 559,700 shares were successfully subscribed by existing investors, showcasing strong support from the current shareholder base. The financial influx from this placement amounts to DKK 2.1 million, indicating a healthy interest in the company's prospects.

The nominal value of each new share is DKK 0.04, which brings the capital increase to nominal DKK 22,388. This reflects the ongoing commitment of Konsolidator to create value for its shareholders whilst expanding its operations effectively.

Impact on Share Capital

Upon the registration of the new shares, Konsolidator will possess a registered share capital totaling nominal DKK 931,776. This capital is represented by 23,294,400 shares, illustrating the growth in both equity and potential market capitalization.

The new shares issued represent approximately 2.5% of Konsolidator’s existing share capital before the increase and 2.4% thereafter. Such adjustments are significant as they directly influence the voting power of all shareholders involved.

Trading and Future Prospects

Investors can expect the newly issued shares to commence trading on the Nasdaq First North Growth Market. This transition is anticipated to take place under the existing ISIN code of Konsolidator, DK0061113511. There’s no plan to utilize a temporary ISIN for these shares, which simplifies the trading process for investors.

Regulatory Compliance and Updates

With the completion of this private placement, the authorization for the Board of Directors to issue shares without pre-emption rights has been adjusted to a new nominal value of DKK 133,701.68. This reflects a responsible approach to shareholder equity management.

About Konsolidator A/S

Konsolidator A/S stands at the forefront of financial technology by specializing in financial consolidation software. Designed to enhance the capabilities of Group CFOs globally, Konsolidator's solutions streamline financial consolidation and reporting using cloud technology. Established by experts in finance, the software simplifies complex processes and empowers CFOs to focus on strategic decision-making with actionable insights derived from key performance data. Since its listing on the Nasdaq First North Growth Market Denmark in 2019, under the ticker KONSOL, Konsolidator has continued to innovate in the financial sector.

Contacts

For more information, please contact:

• CEO: Claus Finderup Grove, Mobile: +45 2095 2988, Email: cfg@konsolidator.com
• CFO: Jack Skov, Mobile: +45 2282 8845, Email: js@konsolidator.com

Frequently Asked Questions

What was the main purpose of the private placement by Konsolidator?

The private placement aimed to strengthen Konsolidator's financial position and support its growth strategies.

How many new shares were issued during this placement?

A total of 559,700 new shares were subscribed for by existing investors.

What is the significance of the nominal value of the new shares?

The nominal value of each new share is DKK 0.04, outlining the capital increase for the company.

When will the new shares begin trading?

The new shares are expected to start trading on Nasdaq First North Growth Market Denmark on a specified date.

What role does Konsolidator's software play for CFOs?

Konsolidator's software simplifies financial consolidation and reporting, allowing CFOs to focus on making strategic decisions based on accurate data.

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