Notice to convene Extraordinary General Meeting
Company Announcement No. 139
In the following the notice to convene the Extraordinary General Meeting is presented in Danish as “Indkaldelse til ekstraordinær generalforsamling” and below the english version.
På baggrund af instruks fra aktionærerne JAC Invest AS og Janus Invest AS, der samlet ejer 23,63 pct. af aktiekapitalen i SPARK Technology A/S (under tvangsopløsning), CVR-nr. 26 51 81 99 (”Selskabet”) indkalder likvidator hermed i overensstemmelse med § 4, stk. 4, i Selskabets vedtægter til ekstraordinær generalforsamling i Selskabet, der afholdes 18. november 2024, kl. 10.00, med henblik på beslutning om genoptagelse.
Generalforsamling afholdes som en fuldstændig elektronisk generalforsamling i overensstemmelse med § 5 i Selskabets vedtægter. Der vil således ikke være adgang til fysisk fremmøde. Instruktioner til deltagelse i den virtuelle generalforsamling vil være at finde på Selskabets hjemmeside i form af en praktisk guide.
Dagsorden
- Valg af dirigent
- Beslutning om nedsættelse af Selskabets kapital
- Ændring af selskabets vedtægter (stykstørrelse på aktier)
- Genoptagelse, valg af bestyrelsesmedlemmer og valg af revisor
- Anmeldelse til registrering
Baggrund
Erhvervsstyrelsen har den 20. august 2024 anmodet skifteretten om at tvangsopløse Selskabet, fordi Selskabets årsrapport pr. denne dato endnu ikke var indsendt til Erhvervsstyrelsen. Udarbejdelsen af årsrapporten var beklageligvis blevet forsinket, men var pr. 16. august 2024 godkendt af Selskabets daværende bestyrelse og påtegnet af Selskabets revisor og skulle planmæssigt have været forelagt generalforsamlingen til godkendelse og straks herefter være indsendt til Erhvervsstyrelsen. Erhvervsstyrelsen besluttede i den mellemliggende periode (20. august 2024) at sende Selskabet til tvangsoplysning.
Der gælder herefter en 3-måneders frist for Selskabet til at indsende anmodning til Erhvervsstyrelsen om genoptagelse af Selskabet.
Skifteretten udpegede den 3. september 2024 Henrik Sjørslev som likvidator.
Selskabets årsrapport for 2023 blev godkendt på ekstraordinær generalforsamling afholdt 12. september 2024.
Formålet med indkaldelsen til ekstraordinær generalforsamling er at træffe beslutning om genoptagelse, hvilket efter omstændighederne nødvendiggør en nedsættelse af Selskabets kapital.
Ad 1 – Valg af dirigent
Der foreslås valg af advokat Peter Kierkegaard som dirigent.
Ad 2 – Nedsættelse af Selskabets kapital
Det er en forudsætning for, at Selskabet kan søge om genoptagelse, at Selskabets kapital er til stede, at der ikke er ydet lån mv. til selskabsdeltagerne i strid med selskabslovens kapitel 13, og at det bekræftes ved en revisorerklæring, at begge disse betingelser er opfyldt.
Selskabet er ved at indhente sådan revisorerklæring, som vil blive fremlagt på generalforsamlingen, og som forventes at bekræfte, at selskabets kapital vil være til stede, hvis selskabskapitalen er 2.624.956,20 kr., og at der ikke er ydet lån til selskabsdeltagerne i strid med selskabslovens kapitel 13.
På denne baggrund foreslås selskabskapitalen nedsat fra 262.495.620 kr. til 2.624.956,20 kr. til dækning af underskud.
Beslutning herom kan træffes, hvis den tiltrædes af mindst 2/3 såvel af de stemmer, som er afgivet, som af den del af selskabskapitalen, som er repræsenteret på generalforsamlingen.
Hvis kapitalnedsættelsen til dækning af underskud besluttes, skal den ske til kurs 100.
Det foreslås, at kapitalnedsættelsen til dækning af underskud gennemføres straks efter beslutning om kapitalnedsættelsen er truffet.
Det foreslås at kapitalnedsættelsen til dækning af underskud sker ligeligt og proportionelt for samtlige aktionærer. Kapitalnedsættelserne sker ved ændring af aktiernes nominelle stykstørrelse som foreslået nedenfor.
Ad 3 – Ændring af stykstørrelse på aktier
Det foreslås, at stykstørrelsen af hver aktie ændres forholdsmæssigt svarende til det beløb, som kapitalen nedsættes med. Det vil sige, at hvis det besluttes at nedsætte kapitalen til 2.624.956,20 kr., nedsættes stykstørrelsen på hver aktie samtidig fra 10 kr. pr. aktie til 0,1 kr. pr. aktie.
Beslutning herom kan træffes hvis den tiltrædes af mindst 2/3 såvel af de stemmer, som er afgivet, som af den del af selskabskapitalen, som er repræsenteret på generalforsamlingen.
Der vedlægges udkast til vedtægter i Selskabet som disse vil se ud, hvis det på generalforsamlingen besluttes at nedsætte kapitalen jf. pkt. 2 samt ændre stykstørrelsen på aktierne.
Ad 4 – Genoptagelse, valg af bestyrelsesmedlemmer og valg af revisor
Genoptagelse
Det foreslås, at der træffes beslutning om genoptagelse, og at der indgives anmeldelse til Erhvervsstyrelsen om, at skifteretsbehandlingen skal afbrydes, og at Selskabet skal genoptages.
Valg af ledelse og revisor
Det er en betingelse for genoptagelse, at der vælges en ledelse og en revisor til Selskabet.
Til Selskabets ledelse og revisor foreslås valgt samme ledelse og revisor, som blev afregistreret i forbindelse med Selskabets oversendelse til tvangsopløsning.
Som Selskabets bestyrelse foreslås valgt:
Magne Fretheim (formand)
Gabriel Håkonsen Jensaas
Bård Bjerkås
Jan Fredskilde Andersen
Som Selskabets direktør foreslås:
Jens Bjarne Glasø
Som Selskabets revisor foreslås valgt:
BDO Statsautoriseret Revisionsaktieselskab
Årsrapport 2023
Det er en betingelse for genoptagelse, at de forhold, som begrundede Selskabets oversendelse til tvangsopløsning, er berigtiget. Selskabet blev oversendt til tvangsopløsning som følge af for sen indsendelse af Selskabets årsrapport 2023 til Erhvervsstyrelsen.
Det foreslås, at generalforsamlingen godkender, at årsrapport 2023, som blev godkendt på ekstraordinær generalforsamling 12. september 2024, vil blive indsendt til Erhvervsstyrelsen med anmodningen om genoptagelse.
Ad 5 – Anmeldelse til registrering
Det foreslås, at generalforsamlingen bemyndiger dirigenten til at anmelde det vedtagne til registrering hos Erhvervsstyrelsen.
Selskabskapitalens størrelse og ret til at stemme
Om Selskabets kapitalforhold kan oplyses, at selskabskapitalen pt. udgør nominelt DKK 262.495.620,00. Hvert nominelt beløb på DKK 10,00 giver ret til én stemme på generalforsamlingen.
Registreringsdatoen er den 11. november 2024.
Aktionærer, der besidder aktier i Selskabet på registreringsdatoen, har ret til at deltage i og stemme på generalforsamlingen.
De aktier, aktionæren besidder, opgøres på registreringsdatoen på baggrund af notering af aktionærens aktier i ejerbogen samt meddelelser om ejerforhold, som Selskabet har modtaget med henblik på indførsel i ejerbogen.
Deltagelse er endvidere betinget af, at aktionæren rettidigt har tilmeldt sig og løst et adgangskort som beskrevet nedenfor.
Adgangskort og fuldmagt
Enhver aktionær, eller fuldmægtig for en aktionær, skal have et virtuelt adgangskort for at kunne deltage i generalforsamlingen, der udstedes som et link sendt pr. e-mail. Generalforsamlingen vil blive afholdt virtuelt via systemet ”Google-meet”. Der stilles ikke særlige tekniske krav ved anvendelse af følgende webbrowsere: Chrome, Firefox, Safari, og nyeste version af Edge.
Adgangskort udstedes til den, der ifølge ejerbogen er noteret som aktionær på registreringsdatoen, eller som Selskabet pr. registreringsdatoen har modtaget behørig meddelelse fra med henblik på indførsel i ejerbogen.
Tilmeldings- og fuldmagtsblanket kan downloades direkte fra Selskabets hjemmeside, https://sparktechnology.dk fra den 4. november 2024.
Anmodning om virtuelt adgangskort til generalforsamlingen kan indtil og med 11. november 2024 kl. 23.59 rekvireres via e-mail til investor@sparktechnology.dk. Efter dette tidspunkt kan der ikke bestilles adgangskort. Aktionærer, der ikke har anmodet om at få udleveret adgangskort, vil ikke have adgang til generalforsamlingen. Anmodningen skal indeholde en behørigt udfyldt tilmeldingsblanket.
Eventuelle rådgivere skal ligeledes med navns nævnelse og inden for ovennævnte frist løse adgangskort til generalforsamlingen.
Aktionærer kan – i stedet for at afgive deres stemme på selve generalforsamlingen – vælge at afgive brevstemme. Aktionærer, der vælger at stemme pr. brev, skal sende deres brevstemme via e-mail til investor@sparktechnology.dk eller til att.: Bård Bjerkås, SPARK Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4, således at brevstemmen er Selskabet i hænde senest 11. november 2024 kl. 12.00. Afgivne brevstemmer kan ikke tilbagekaldes.
Enhver aktionær kan møde på generalforsamlingen ved fuldmægtig, der i så fald skal fremlægge skriftlig og dateret fuldmagt. Fuldmagtsblanket kan findes på Selskabets hjemmeside: https://sparktechnology.dk
Ved afgivelse af fuldmagt til bestyrelsen skal den udfyldte og underskrevne fuldmagtsblanket være Selskabet i hænde senest den 11. november 2024 kl. 12.00. Fuldmagten kan sendes til Selskabet pr. e-mail til investor@sparktechnology.dk eller til att.: Bård Bjerkås, SPARK Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.
Yderligere oplysninger vedrørende generalforsamlingen
Følgende materiale vil være tilgængeligt på Selskabets hjemmeside, https://sparktechnology.dk senest den 4. november 2024.
- indkaldelse til ekstraordinær generalforsamling 2024
- blanket til stemmeafgivelse pr. brev og afgivelse af fuldmagt
- tilmeldingsblanket
- Udkast til vedtægter
- Årsrapport 2023 (allerede vedtaget)
København den 4. November 2024
Likvidator, advokat Henrik Sjørslev
NOTICE TO CONVENE THE EXTRAORDINARY GENERAL MEETING
Company announcement no. 139
Based on instruction from the shareholders JAC Invest and Janus Invest AS, which owns 23.63 per cent of the share capital of SPARK Technology A/S (under compulsory dissolution), CVR no. 26 51 81 99 (the "Company"), the liquidator hereby convenes an extraordinary general meeting of the Company in accordance with § 4 (4) of the Articles of Association, to be held on 18 November 2024 at noon. 10.00 a.m., with a view to a decision on resumption of the Company.
The general meeting shall be held as a fully electronic general meeting in accordance with Article 5 of the Company's Articles of Association. Thus, there will be no access to physical attendance. Instructions for participating in the virtual general meeting will be available on the Company's website in the form of a practical guide.
Agenda
- Election of Chairman
- Resolution on reduction of the Company's capital
- Amendment of the company's articles of association (unit size of shares)
- Resumption, election of members of the Board of Directors and election of auditor
- Filing for registration
Background
On 20 August 2024, the Danish Business Authority requested the bankruptcy court to compulsory dissolve the Company, because the Company's annual report as of that date had not yet been submitted to the Danish Business Authority. The preparation of the annual report had unfortunately been delayed, but as of 16 August 2024 it had been approved by the Company's then Board of Directors and endorsed by the Company's auditor and should have been submitted to the Annual General Meeting for approval and immediately thereafter submitted to the Danish Business Authority. In the meantime (20 August 2024), the Danish Business Authority decided to send the Company for compulsory dissolution.
Thereafter, a 3-month deadline applies for the Company to submit a request to the Danish Business Authority for resumption of the Company.
On 3 September 2024, the Bankruptcy Court appointed Henrik Sjørslev as liquidator.
The Company's annual report for 2023 was approved at the extraordinary general meeting held on 12 September 2024.
The purpose of the extraordinary general meeting is to decide on resumption, which necessitates a reduction of the Company's capital, given the circumstances.
Re 1 – Election of the Chairman
It is proposed that attorney-at-law Peter Kierkegaard be elected as chairman.
Re 2 – Reduction of the Company's capital
In order for the Company to apply for resumption, it is a prerequisite that the Company's capital is present, that no loans, etc., have been granted to the partners in violation of Chapter 13 of the Danish Companies Act, and that it is confirmed by an auditor's statement that both of these conditions are met.
The company is in the process of obtaining such an auditor's statement, which will be presented at the general meeting, and which is expected to confirm that the company's capital will be present if the share capital is DKK 2,624,956.20 and that no loans have been granted to the shareholders in violation of Chapter 13 of the Danish Companies Act.
On this basis, it is proposed that the share capital be reduced from DKK 262,495,620. to DKK 2,624,956.20 to cover losses.
A decision to this effect may be made if it is approved by at least 2/3 of both the votes cast and the part of the share capital represented at the general meeting.
If the capital reduction to cover losses is decided, it must be made at a price of 100.
It is proposed that the capital reduction to cover losses be implemented immediately after the decision on the capital reduction has been made.
It is proposed that the capital reduction to cover losses be made equally and proportionately for all shareholders. The capital reductions will be made by changing the nominal unit size of the shares as proposed below.
Re 3 – Change of unit size of shares
It is proposed that the unit size of each share be changed proportionately to the amount by which the capital is reduced. This means that if it is decided to reduce the capital to DKK 2,624,956.20, the unit size of each share is reduced at the same time from DKK 10 per share to DKK 0.1 per share.
A decision to this effect may be made if it is approved by at least 2/3 of both the votes cast and the part of the share capital represented at the general meeting.
Draft articles of association of the Company as they will appear if it is decided at the general meeting to reduce the capital, cf. item 2, and to change the unit size of the shares is attached.
Re 4 – Resumption, election of board members and election of auditor
Resumption
It is proposed that a decision be made to resume the Company and that a notification be submitted to the Danish Business Authority that the bankruptcy proceedings are to be discontinued and that the Company is to be resumed.
Election of management and auditor
It is a condition for resumption that a management and an auditor are elected to the Company.
It is proposed that the same management and auditor be elected to the Company's management that was deregistered in connection with the Company's submission for compulsory dissolution.
It is proposed that the following be elected as the Company's Board of Directors:
Magne Fretheim (formand)
Gabriel Håkonsen Jensaas
Bård Bjerkås
Jan Fredskilde Andersen
As the Company's CEO, it is proposed:
Jens Bjarne Glasø
It is proposed that the following be elected as the Company's auditor:
BDO Statsautoriseret Revisionsaktieselskab
Annual Report 2023
It is a condition for resumption that the circumstances that caused the submission to compulsory dissolution have been corrected. The Company was submitted for compulsory dissolution as a result of late submission of the Company's Annual Report 2023 to the Danish Business Authority. It is proposed that the general meeting approves that the Annual Report 2023, which was approved at the Extraordinary General Meeting on 12 September 2024, will be submitted to the Danish Business Authority with the request for resumption of the Company.
Ad 5 – Filing for registration
It is proposed that the general meeting authorizes the chairman of the general meeting to file the decisions made for registration with the Danish Business Authority.
Amount of share capital and right to vote
The share capital currently amounts to nominally DKK 262,495,620.00. Each nominal amount of DKK 10.00 entitles the holder to one vote at the general meeting.
The registration date is the 11 November 2024.
Shareholders who hold shares in the Company on the record date are entitled to attend and vote at the general meeting.
The shares held by the shareholder are calculated on the date of registration on the basis of the listing of the shareholder's shares in the register of shareholders and notifications of ownership that the Company has received with a view to entry in the register of shareholders.
Participation is also conditional on the shareholder having registered for and purchased an admission card in due time as described below.
Access card and power of attorney
Each shareholder, or proxy of a shareholder, must have a virtual admission card in order to attend the general meeting, which is issued as a link sent by e-mail. The general meeting will be held virtually via the system "Google-meet". There are no special technical requirements when using the following web browsers: Chrome, Firefox, Safari, and the latest version of Edge.
Admission cards are issued to the person who, according to the register of shareholders, is registered as a shareholder on the date of registration, or from whom the Company has received due notification as of the date of registration with a view to entry in the register of shareholders.
The registration and proxy form can be downloaded directly from the Company's website, https://sparktechnology.dk from the 4. November 2024.
A request for a virtual access card for the general meeting can up to and including 11. November 2024 at 23:59 can be requested by email to investor@sparktechnology.dk. After this time, admission tickets cannot be booked. Shareholders who have not requested admission cards will not be allowed to attend the general meeting. The request must include a duly completed registration form.
Any advisers must also by name and within the above deadline redeem admission cards to the general meeting.
Shareholders can – instead of casting their vote at the general meeting itself – choose to vote by post. Shareholders who choose to vote by post must send their postal vote by e-mail to investor@sparktechnology.dk or to Attn.: Bård Bjerkås, SPARK Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4, so that the postal vote is received by the Company no later than 11. November 2024 at 12.00. Postal votes cast cannot be revoked.
Any shareholder may attend the general meeting by proxy, who must then present a written and dated proxy. The proxy form can be found on the Company's website: https://sparktechnology.dk
When submitting a proxy to the Board of Directors, the completed and signed proxy form must be received by the Company no later than 11. November 2024 at 12.00. The power of attorney may be sent to the Company by e-mail to investor@sparktechnology.dk or to attn.: Bård Bjerkås, SPARK Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.
Further information regarding the general meeting
The following material will be available on the Company's website https://sparktechnology.dk no later than 4. November 2024.
Notice of Extraordinary General Meeting 2024
Form for voting by letter and submission of proxy
Registration form
Draft articles of association
Annual Report 2023 (already adopted)
Copenhagen, 4. November 2024
Liquidator, attorney-at-law, Henrik Sjørslev
About SPARK Technology A/S
In a world where 1.7 billion people are still unbanked, SPARK Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology the company has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPARK Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.
The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has launched new integrated services in the platform and expects to launch more crypto services going forward.
SPARK Technology is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPARK Technology is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.
SPARK Technology A/S (under the name SPENN Technology) is listed on the Nasdaq First North Growth Market Denmark and on OTCQX in USA.
Ticker codes:
Europe – Nasdaq First North: SPENN
USA – OTCQX: SPNNF