Inside information: QPR Software Plc is looking into a possible share issue during the first quarter of 2025; Company has received irrevocable commitments to subscribe for shares for a minimum of EUR 1.4 million
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QPR SOFTWARE PLC INSIDE INFORMATION FEBRUARY 25, 2025, AT 20:30 PM EET
Inside information: QPR Software Plc is looking into a possible share issue during the first quarter of 2025; Company has received irrevocable commitments to subscribe for shares for a minimum of EUR 1.4 million
The Board of Directors of QPR Software Plc (the “Company”) is looking into the possibility of conducting a share issue during the first quarter of 2025 in order to accelerate the Company’s growth through additional resources into the Company’s sales and marketing operations, as well as to strengthen its financial position, including the possibility of conducting a directed share issue. The potential share issue would be conducted pursuant to the authorisation granted by the Annual General Meeting of the Company held on May 15, 2024, to decide on issuances of new shares and conveyances of the own shares held by the Company either in one or more instalments, including the right to deviate from the shareholders’ pre-emptive subscription right. Based on the remaining authorisation, the maximum number of new shares that may be issued and own shares held by the Company that may be conveyed in a share issue is 4,478,695 shares. The Company aims to raise gross proceeds of approximately EUR 1.4–2 million through the potential share issue.
The Company has received irrevocable commitments from Oy Fincorp Ab, First Fellow Ltd and Oy Formikafinn Ab to subscribe for new shares in the potential share issue for an aggregate minimum of EUR 1.4 million. The commitments are conditional upon the requirement that the subscription price per share in the potential share issue would, at the most, be the volume weighted average price of the Company’s shares on Nasdaq Helsinki Ltd for the five (5) trading days preceding the Board’s resolution on the beginning of the subscription period, however, so that the subscription price may not exceed the closing price of the Company’s shares on Nasdaq Helsinki Ltd on the trading day preceding the Board’s resolution on the subscription period in the potential share issue. Furthermore, the number of shares to be subscribed based on the subscription commitment of Oy Fincorp Ab shall be decreased, if necessary, to ensure that Oy Fincorp Ab does not incur an obligation to make a mandatory tender offer for all remaining shares and securities in the Company pursuant to the Finnish Securities Markets Act (746/2012, as amended) directly based on participating in a potential share issue. The commitments are valid until March 31, 2025.
The Company noted in its financial statements bulletin for 2024 that in 2025 the Company is, as part of its turnaround strategy, shifting its focus to investing in growth and business development. Growth will be driven primarily in the United States, Europe, and the Middle East, supported by the strengthening of the partner network. The proceeds from the potential share issue would be used to support the implementation of said turnaround strategy.
The decision concerning the potential share issue and its terms and conditions will be made and communicated later on, and conducting the share issue is not certain. Evli Plc would act as the lead manager for the possible share issue.
For further information:
QPR Software Plc
Heikki Veijola
Chief Executive Officer
Tel. +358 40 922 6029
QPR Software in brief
QPR Software (Nasdaq Helsinki) is a leading player in the Digital Twin of an Organization (DTO) use case and one of the most advanced process mining software companies in the world. The company innovates, develops, and delivers software for analyzing, monitoring, and modeling organizational operations. Additionally, QPR provides consulting services to ensure its customers derive full benefits from the software and associated methodologies.
www.qpr.com
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Nasdaq Helsinki
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