Risk Intelligence successfully completes directed share issue and raises proceeds of approx. DKK 10.5 million
26 February 2021
The Board of directors of Risk Intelligence A/S has, with support from the authorisation granted by the general meeting held on 22 May 2018, and as indicated in the press release published on 26 February 2021, resolved to issue 1,467,050 new shares at the price of DKK 7.10 per share. The price was established through an accelerated book-building procedure led by Sedermera Fondkommission.
Through the directed share issue, the Company will receive gross proceeds of approximately DKK 10.5 million. The directed share issue is directed to institutional, professional and private investors. It is the Board of directors’ opinion that the long-term funding, together with previously communicated forecasted growth and positive EBITDA for 2021, will put Risk Intelligence in a positive momentum.
CEO Hans Tino Hansen says:
“Risk Intelligence has now secured funding to deliver on its growth guidance looking into 2021 and forward. The capital raise provides financial stability and allows the company to fully focus on business activities with an enhanced sales effort. With a strong Q4 behind us including the important LandRisk milestone with Sony Europe, we look to the future with optimism despite continuing market effects from the pandemic. The capitalisation allows us to fully utilise any improvement in the global business climate to grow our existing business and intensify our initiatives in AI and digital marketing.”
The directed share issue
With support from the authorisation granted by the general meeting held on 22 May 2018, the Board of directors has carried out a directed share issue of 1,476,050 new shares, through an accelerated book-building procedure to a group of institutional, professional and private investors, with the majority from Formue Nord Markedsneutral, Eastbridge Capital, Polynom Investment and Richard Kilander. The subscription price was set to DKK 7.10.
The reason for the deviation from the shareholders’ preferential rights is mainly to strengthen the Company’s financial position in a short and cost-effective timeframe. The proceeds from the directed issue are intended to be used for enhanced sales and digital marketing activities, additional revenue generating layers for the Risk Intelligence System, Data, AI- and machine learning investments, enhanced investor relations and as a liquidity reserve. This will strengthen the company’s long-term growth. The directed share issue will result in gross proceeds to the Company of approximately DKK 10.5 million (before transaction related costs).
The new shares will be admitted to trading on Spotlight Stock Market following their issuance and registration. The Company today has a share capital of DKK 910,138 divided between a total number of 9,101,380 shares. After the transaction the Company will have a share capital of DKK 1,057,743 divided between a total number of 10,577,430 shares. The directed share issue will entail a dilution for the current shareholders of approximately 13.9 percent calculated by dividing the number of new shares and votes with the total number of shares and votes in the Company after registration of the new shares.
Live presentation with CEO Hans Tino Hansen
On Monday 1 March 08:30 CEO Hans Tino Hansen will participate in a live presentation of the Company, the Q4 2020 Report and the completed share issue with Direkt Studios. Please use the link below to follow the event.
Financial Adviser and Issuing Agent
Sedermera Fondkommission is acting as financial adviser and Nordic Issuing acts as issuing agent in connection with the directed share issue.
This information is information that Risk Intelligence A/S is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact person set out above, on 26 February 2021.
For more information on services and the System:
Please watch our corporate video: Knowing Risk
For further information about Risk Intelligence, please contact:
Hans Tino Hansen, CEO
Jens Krøis, CFO
Telephone: +45 7026 6230
E-mail: investor@riskintelligence.eu