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QPR SOFTWARE PLC STOCK EXCHANGE RELEASE AUGUST 22, 2023 AT 22:30 pm EEST
QPR Software Plc completes a directed share issue raising approximately EUR 800,000
QPR Software Plc (the “Company”) announced earlier today on August 22, 2023 its intention to issue new shares in the Company (the “Shares”) to a limited number of institutional and qualified investors in deviation of the pre-emptive subscription rights of the shareholders (the “Share Issue”). The Board of Directors of the Company has today resolved upon a directed share issue of 1,719,871 Shares in the Share Issue, pursuant to the authorisation granted by the Annual General Meeting of the Company held on May 3, 2023.
A total of 1,719,871 Shares were subscribed for in the Share Issue for a subscription price of EUR 0.463 per Share, which is equal to the five (5) day volume-weighted average trading price of the Company’s share on Nasdaq Helsinki Ltd up to and including August 22, 2023 and represents a discount of EUR 0.001 to the closing price of the Company’s share on August 22, 2023. The subscription price will be credited in full to the Company’s reserve for invested unrestricted equity.
The Company expects to receive gross proceeds of approximately EUR 800,000 as a result of the Share Issue. The main purpose of the Share Issue is to strengthen the Company’s equity and financial position.
”I am satisfied with the result of the directed share issue and want to warmly thank the investors for their support and trust in QPR’s vision, strategy, and future. A successful directed share issue brings a substantial improvement to the company’s equity and financial position. The company’s turnaround is progressing, and we are focusing on implementing our strategic plans. We are continuing our journey as a pioneer and one of the leading SaaS companies in the rapidly growing process mining market”, says the Company’s CEO Heikki Veijola.
After the Shares subscribed for in the Share Issue have been registered in the Finnish Trade Register, the number of shares in the Company is expected be 18,175,192. The subscribed Shares correspond to approximately 10.5 per cent of all of the Company’s shares and votes carried by them immediately prior to the Share Issue and to approximately 9.5 per cent after the Share Issue.
The Shares will be registered in the Finnish Trade Register on or about August 23, 2023, and trading in the Shares together with the existing shares is expected to commence on Nasdaq Helsinki Ltd on or about August 24, 2023.
Evli Plc acted as the lead manager for the share issue.
For further information:
QPR Software Plc
Mervi Kerkelä-Hiltunen
Chief Financial Officer
Tel. +358 40 563 6146
About QPR Software
QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management, and enterprise architecture solutions for digital transformation, strategy execution, and business process improvement in over 50 countries. QPR software allows customers to gain valuable insights for informed decisions that make a difference.
www.qpr.com
DISTRIBUTION
Nasdaq Helsinki
Key medias
IMPORTANT INFORMATION
This release is not an offer for sale of securities in the United States. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any part of the offering in the United States or to conduct a public offering of securities in the United States.
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Forward-Looking Statements
This release includes forward-looking statements. These statements may not be based on historical facts, but are statements about future expectations. When used in this release, the words “aims,” “anticipates,” “assumes,” “believes,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “should,” “will,” “would” and similar expressions as they relate to the Company and the transactions identify certain of these forward-looking statements. Other forward-looking statements can be identified in the context in which the statements are made. These forward-looking statements are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations, which, even though they seem to be reasonable at present, may turn out to be incorrect. Such forward-looking statements are based on assumptions and are subject to various risks and uncertainties. Readers should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of the Company to differ materially from those expressed or implied in the forward-looking statements. The Company or any of its affiliates, advisors or representatives or any other person undertakes no obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release.
