Risk Intelligence A/S announces outcome of the rights issue
27 October 2023 | Company announcement No 43-2023
Risk Intelligence A/S ("Risk Intelligence" or the "Company") hereby announces the outcome of the rights issue of units, which was announced by press release on 3 October 2023 (the "Rights Issue"). The Rights Issue has been subscribed for a total of approximately 75.2 percent, of which approximately 43 percent was subscribed for with the support of unit rights and approximately 1 percent was subscribed for without the support of unit rights. Approximately 31.2 percent was subscribed by underwriters. Through the Rights Issue, Risk Intelligence receives approximately DKK 13.8 million before deduction of issue costs. The proceeds from the Rights Issue will be used to reestablish the equity, repay all short-term loans and for investments in new technology as well as to secure working capital for ongoing and upcoming growth initiatives.
Outcome of the Rights Issue
The subscription period in the Rights Issue ended on 24 October 2023. In total, 887,364 units, corresponding to 10,648,368 shares were subscribed for with and without support of unit rights, corresponding to approximately 75.2 percent of the Rights Issue. 506,715 units were subscribed for with unit rights, corresponding to approximately 43 percent, whereas 12,680 units were subscribed for without unit rights, corresponding to approximately 1 percent of the Rights Issue. 367,969 units were subscribed for by underwriters, corresponding to approximately 31.2 percent of the Rights Issue. Through the Rights Issue, the Company receives approximately DKK 13.8 million before deduction of issue costs, which amount to approximately DKK 2.3 million.
Notice of allotment and delivery
Allotment of units subscribed for without unit rights, has been carried out in accordance with the principles set out in the memorandum that was published on 11 October 2023. Notification of the allotment of units subscribed for without unit rights, will be sent via a separate settlement note. Nominee shareholders receive notification of allotment in accordance with the respective nominee's routines.
Trading with so-called temporary units (RISK INTEL./MIDL) takes place on Spotlight Stock Market until the conversion of temporary units into shares, which takes place after the Rights Issue have been registered at the Danish Companies Registration Office. Registration at the Danish Companies Registration Office is expected to take place during week 45, 2023.
Changes in share capital and number of shares
Through the Rights Issue, the number of shares in Risk Intelligence increases 10,648,368 shares, from 15,338,389 shares to 25,986,757 shares, and the share capital increases by approximately DKK 1,064,836.8 from approximately DKK 1,533,838.9 to approximately DKK 2,598,675.7, corresponding to a dilution effect of approximately 41 percent.
Financial advisor and issuing agent
Corpura Fondkommission AB (www.corpura.se) is acting as financial advisor and Mazanti-Andersen is acting as legal advisor to Risk Intelligence in connection with the Rights Issue. VP is acting as issuing agent and Nordic Issuing AB is acting as settlement agent.
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu
Social media:
Website: riskintelligence.eu
Investor site: investor.riskintelligence.eu
Twitter: twitter.com/riskstaff
LinkedIn: linkedin.com/company/risk-intelligence
Facebook: facebook.com/riskstaff
This information is such information that Risk Intelligence A/S is obligated to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted, through the agency of the contact person above, for publication on 27 October 2023, 14:15 CEST. Above responsible person can also be contacted for further information.
About Risk Intelligence
Risk Intelligence is a security risk intelligence provider delivering security threat and risk analysis to clients all over the world via the cloud-based Risk Intelligence System, as well as consulting services. A large part of Risk Intelligence's clients is maritime, and these clients currently operate more than 15.7% of the global merchant fleet.
With its headquarters in Hellerup (Copenhagen), Denmark, an office in Singapore, and locations in North America, the dedicated staff of Risk Intelligence works in all major time zones to support their clients' operations. Since 2018, the company has been listed on the Spotlight Stock Exchange in Stockholm.
The Risk Intelligence System is a digital security intelligence solution developed in close collaboration with global businesses that are established within the fields of shipping, offshore, oil and gas. The digital solution is designed based on insights directly from customers and their needs as well as Risk Intelligence's experienced security risk analysts and developers' knowledge of intelligence and assessment needs.
The Risk Intelligence System offers clients a complete picture of immediate, short-, and medium-term security risks for coastal areas, ocean, port, and landside threats. The analysis is focused on insurgency, piracy, organised crime, activism, terrorism, military conflicts, and any interplay between these. Risk Intelligence identifies where serious events arise and presents an assessment of how great the threat is in each area, while at the same time providing 24/7/365 situational awareness with incident reports and alerts. This enables companies to evaluate both current and future security risks in real time and to minimise risks across their operations.
Important information
Publication, disclosure, or distribution of this press release may be subject to restrictions under the law in certain jurisdictions, and individuals in jurisdictions where this press release has been published or distributed should inform themselves about and comply with such legal restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with applicable rules in their respective jurisdiction. This press release does not constitute an offer to, or an invitation to, acquire or subscribe to any securities in the Company in any jurisdiction, either from the Company or from any other party.
This press release does not constitute an offer to acquire or subscribe to securities in the United States. The securities mentioned herein may not be sold in the United States without registration or the application of an exemption from registration under the U.S. Securities Act of 1933 ("Securities Act"), and may not be offered or sold in the United States without being registered, subject to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act. There is no intention to register any securities mentioned herein in the United States or to make a public offering of such securities in the United States. The information in this press release may not be disclosed, published, copied, reproduced, or distributed, directly or indirectly, in whole or in part, in or to the United States (including its territories and provinces, each state in the United States, and the District of Columbia), Australia, Singapore, New Zealand, Japan, Switzerland, South Korea, Canada, Hong Kong, or South Africa, or any other jurisdiction where such disclosure, publication, or distribution of this information would violate applicable laws or where such action is subject to legal restrictions or would require additional registration or other measures beyond what is required by Danish law. Actions in violation of this instruction may constitute violations of applicable securities laws.
To the extent that this press release contains forward-looking statements, such statements are not facts and are characterized by words such as "shall," "expects," "believes," "estimates," "intends," "plans," "assumes," and similar expressions. Such statements express Risk Intelligence's intentions, opinions, or current expectations or assumptions. Such forward-looking statements are based on current plans, estimates, and forecasts made by Risk Intelligence to the best of its ability but are not claimed to be accurate in the future. Forward-looking statements are associated with risks and uncertainties that are difficult to predict and generally not within the control of Risk Intelligence It should be kept in mind that actual events or outcomes may differ materially from what is covered or expressed in such forward-looking statements.