GreenMobility A/S announces the result of Private Placement and raises DKK 15 million in gross proceeeds

Company Announcement no. 160 – 2024

Copenhagen, December 4^th, 2024

GreenMobility A/S announces the result of Private Placement and raises DKK 15 million in gross proceeeds

With reference to company announcement no. 159 of December 4th, 2024, today, GreenMobility A/S (”GreenMobility” or the “Company”) announces the result of the subscription for the private placement of new shares (the “Private Placement”).

508,474 new shares (the “New Shares”) were subscribed at DKK 29.50 per share corresponding to the 10-day volume-weighted average price as of 4 December 2024 (the "Subscription Price") including a discretionary discount of 3.1% set by the Board of Directors of the Company. The Board of Directors assesses the subscription price is set at market terms.

The Private Placement were subscribed by existing institutional investors, Strategic Investments, Arbejdernes Landsbank, HICO Group, BankInvest, AkademikerPension, LD Fonde, new investors, Avium Invest, Selandia Alpha Invest and Sorgenfri Kapitalforvaltning, and CEO, Kasper Gjedsted, and member of the Board of Directors, Claus Juhl. Major shareholder notifications will be announced once received in accordance with applicable requirements.

GreenMobility’s share capital will be increased by nominally DKK 203,389.60 as a result of the completion of the Private Placement. Accordingly, the nominal value of the Company’s total share capital will amount to DKK 2,366,621.20 divided into 5,916,553 shares each carrying 1 voting right, corresponding to a total of 5,916,553 voting rights cf. section 32 of the Danish Capital Markets Act.

Expected timetable for admission to trading

Important information

This announcement is not a prospectus and has been prepared on the basis that any offers of securities referred to herein in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 on Prospectuses, Article 1(5a).

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The securities referred to in this announcement are being offered and sold in a private placement only outside the United States.

No representation or warranty, express or implied, is or will be made as to, or in relation to, and no responsibility or liability is or will be accepted by GreenMobility A/S or by any of its affiliates or agents as to or in relation to, the accuracy, completeness or sufficiency of this announcement or any other written or oral information made available to or publicly available to any interested party or its advisers in connection with the Company's the new shares and/or the private placement referred to herein, and any liability therefore is expressly disclaimed.

This announcement does not constitute an investment recommendation. Each investor or prospective investor should conduct his, her or its own investigation, analysis and evaluation of the business and data described in this announcement (and publicly available information). Any investment decision to buy or subscribe for any shares in the private placement must be made solely on the basis of publicly available information, which has not been independently verified by the Sole Lead Manager. The price and value of securities and any income from them can go down as well as up and you could lose your entire investment. Past performance is not a guide to future performance. The information in this announcement cannot be relied upon as a guide to future performance.

Certain statements in this announcement may constitute forward-looking statements, which are based on GreenMobility’s expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts. Words such as “aim”, “anticipate”, “believe”, “intend”, “estimate”, “expect”, “plan”, “project”, “forecast” and words of similar meaning are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance, achievements or industry results to differ materially from those expressed or implied by such forward-looking statements.

Contact and further information 

Kasper Gjedsted, CEO, +45 21 41 80 30, e-mail: kg@greenmobility.com

About GreenMobility

GreenMobility offers modern urbanites easy, flexible, and sustainable transport in the form of electric shared city cars. Users have access to these cars via the GreenMobility app. Trips are paid per minute, through minute packages, on a daily basis or through a subscription. Today, GreenMobility operates a total of 1,400 EVs.