QPR Software Plc successfully completes a directed share issue raising approximately EUR 1.7 million
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QPR SOFTWARE PLC STOCK EXCHANGE RELEASE March 4, 2025, at 11:00 PM EET
QPR Software Plc successfully completes a directed share issue raising approximately EUR 1.7 million
QPR Software Plc (the “Company”) announced earlier today on March 4, 2025 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 1,675,386 Shares in the Share Issue, pursuant to the authorisation granted by the Annual General Meeting of the Company held on May 15, 2024.
A total of 1,675,386 Shares were subscribed for in the Share Issue for a subscription price of EUR 1.04 per Share, which is equal to the closing price of the Company’s share on Nasdaq Helsinki Ltd on March 4, 2025. 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 1.74 million as a result of the Share Issue. The main purpose of the Share Issue is to raise additional funding required to accelerate the Company’s growth through additional resources into the Company’s sales and marketing operations, as well as to strengthen the Company’s financial position.
The Share Issue was carried out based on offers received in an accelerated book-building process. More than ten (10) per cent of the Shares issued in the Share Issue were allocated to Oy Fincorp Ab, which held more than ten (10) per cent of all shares in the Company prior to the Share Issue. Furthermore, Shares were allocated to First Fellow Ltd and Oy Formikafinn Ab, which together with Oy Fincorp Ab had provided the Company with irrevocable subscription commitments to subscribe for new shares for an aggregate minimum of EUR 1.4 million. The irrevocable subscription commitments ensured that a directed share issue of a size that the Board of Directors of the Company deemed appropriate could be swiftly executed at this juncture to secure funding needed to accelerate the Company’s growth and strengthen the Company’s financial position.
“We are pleased with the successful outcome of the share issue and the confidence shown by our investors. This reinforces trust in our strategy and strengthens our ability to drive business development and accelerate international growth”, 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 19,850,578. The subscribed Shares correspond to approximately 9.22 per cent of all of the Company’s shares and votes carried by them immediately prior to the Share Issue and to approximately 8.44 per cent after the Share Issue.
The Shares will be registered in the Finnish Trade Register on or about March 5, 2025, and trading in the Shares together with the existing shares is expected to commence on Nasdaq Helsinki Ltd on or about March 6, 2025.
Evli Plc acted as the lead manager for the 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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