Notice of extraordinary general meeting of RISMA Systems A/S
Company Announcement No. 19-2024
Copenhagen, November 26, 2024
Notice of extraordinary general meeting of RISMA Systems A/S ("RISMA")
Notice is hereby given of the extraordinary general meeting of RISMA to be held on:
Wednesday, 11 December 2024 at 15:00 (CET)
c/o Plesner Advokatpartnerselskab,
Amerika Plads 37,
DK-2100 Copenhagen Ø
Agenda
The agenda of the extraordinary general meeting is as follows:
- The board of directors’ report on the company's financial position pursuant to section 119 of the Danish Companies Act (equity loss situation)
As a natural part of the management of Risma, the board of directors receive quarterly consolidated financial statements and continuously review the financial planning including budgets and forecasts. During this process the board of directors has in due time been informed if any additional liquidity would be needed for the daily operations either directly or indirectly as a buffer.
This was the background for the establishment of the Credit facility of 12,0 MDKK in March 2022 which also secured a higher financial flexibility compared to a capital increase. The market was informed in Company announcement No. 2-2022, March 25, 2022.
The Credit facility can be used during a 3-year period and would end in March 2025. However, the board of directors has in October 2024 decided to prolong the credit facility of 12,0 MDKK with additional 3 years to March 2028. The market was informed in company announcement No. 17-2024, October 23, 2024.
Risma has in the Half-year report for 2024 (1/1-30/6 2024) reported a negative equity of 1,0 MDKK, a cash position of 10,1 MDKK, no interest-bearing debt and an unused credit facility of 12,0 MDKK.
Due to the negative equity Risma is obliged to arrange an extraordinary general meeting within 6 months from June 30, 2024, according to the Companies Act, where the board of directors inform about the financial situation and any planned actions.
It is the board of directors’ opinion that Risma has a strong financial position and with the extension of the credit facility of 12,0 MDKK with another 3 years to March 2028, it is considered more than sufficient to cover the liquidity needs the coming 12 month. No further actions are therefore planned.
Important information
The proxy form, the postal voting form and the attendance form to be used for ordering admission cards are available at RISMA's website at https://www.rismasystems.com/en/investors.
The deadline for request for admission cards is no later than Monday, 9 December 2024, at 23:59 (CET).
The deadline for filled, signed and dated forms for nomination of proxy or submission of postal vote is no later than on Tuesday, 10 December 2024, at 10:00 (CET).
Attachment
Notice of the extraordinary general meeting including the full text of the agenda items.
Further Information
Lars Nybro Munksgaard, CEO & Founder
Mobile (+45) 31 48 11 00
e-mail: lnm@rismasystems.com
RISMA Systems A/S
Ejby Industrivej 34-38, 2600 Glostrup, Denmark
Certified Advisor
HC Andersen Capital
Pernille F. Andersen
Head of Advisory
Phone: +45 30 93 18 87
E-mail: ca@hcandersencapital.dk
Bredgade 23B 2., 1260 Copenhagen C, Denmark
About Risma Systems A/S
RISMA is a leading SaaS company helping organizations structure, handle, and document their efforts across the business-critical areas of Governance, Risk, and Compliance. RISMA’s unique and user-friendly GRC suite makes cross-organizational collaboration easy to demonstrate and report on regulations and standards such as GDPR & Privacy, ISMS, Risk Management, Financial Controls, ESG and sustainability – and much more. RISMA is listed on Nasdaq First North with a mission to become a leading GRC platform for medium and enterprise businesses and organizations.