Notice to convene Extraordinary General Meeting
Inside Information
Company Announcement No. 136
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.
INDKALDELSE TIL EKSTRAORDINÆR GENERALFORSAMLING
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 hermed i samarbejde med den indtil 20. august 2024 registrerede bestyrelse i Selskabet i henhold til § 4, stk. 4 i Selskabets vedtægter til ekstraordinær generalforsamling i Selskabet, der afholdes 12. September 2024, kl. 10.00.
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
- Bestyrelsens beretning og godkendelse af årsrapport 2023
- Bestyrelsens beretning og godkendelse af årsrapport 2023
- Beslutning om anvendelse af overskud eller dækning af tab
- Beslutning om nedsættelse af Selskabets kapital
- til dækning af kapital
- til henlæggelse til særlig reserve
- Ændring af selskabets vedtægter (stykstørrelse på aktier)
- Indkaldelse til yderligere generalforsamling
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 bestyrelse og påtegnet af Selskabets revisor og skulle planmæssigt have været forelagt generalforsamlingen til godkendelse og straks herefter være indsendt til Erhvervsstyrelsen. Desværre valgte Erhvervsstyrelsen 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.
Formålet med indkaldelsen til ekstraordinær generalforsamling er at forberede anmodning om genoptagelse, hvilket forudsætter generalforsamlingens godkendelse af årsregnskabet og en nedsættelse af Selskabets kapital.
Ad 1 – Valg af dirigent
Der foreslås valg af advokat Peter Kierkegaard som dirigent.
Ad 2 – Bestyrelsens beretning og godkendelse af årsrapport 2023
- Det er en forudsætning for, at Selskabet kan genoptages er, at Selskabets godkendte årsrapport indsendes til Erhvervsstyrelsen.
Det foreslås på denne baggrund, at Selskabets årsrapport 2023 godkendes af generalforsamlingen. Hvad angår bestyrelsens beretning, henvises til beretningen, som er indsat i årsrapporten.
Det fremgår af årsrapport 2023, at Selskabet i 2023 havde en omsætning på t.DKK 25.473 og et negativt resultat på t.DKK 138.071.
Der foreslås, at det negative resultat overføres til resultatet for regnskabsåret 2024.
Beslutning om godkendelse af årsregnskab jf. ovenfor træffes med simpelt flertal.
Ad 3 – Beslutning om nedsættelse af kapital
Det er en forudsætning for, at Selskabet kan søge om genoptagelse, at Selskabets kapital er til stede.
Det fremgår af årsrapport 2023, at Selskabet har en registreret selskabskapital på t.DKK 262.496 og en egenkapital på t.DKK. t.DKK 43.724. Selskabets egenkapital er således delvis tabt.
- Det foreslås derfor, at Selskabets kapital nedsættes med DKK 218.771.620 fra DKK 262.495.620 til DKK 43.724.000 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.
Kapitalnedsættelsen til dækning af underskud kan gennemføres straks efter beslutning om kapitalnedsættelsen er truffet.
- For at sikre at Selskabets kapital er til stede på tidspunktet for anmodning om genoptagelse foreslås det det på generalforsamlingen besluttes at nedsætte kapitalen med yderligere DKK 41.099.043,80, således at kapitalen herefter udgør DKK 2.624.956,20 (forudsat at begge kapitalnedsættelser besluttes med de foreslåede beløb).
Kapitalnedsættelsen til henlæggelse til særlig reserve foreslås gennemført til kurs 1, således at det resterende beløb op til aktiernes pålydende overføres til Selskabets frie reserver.
Hvis generalforsamlingen træffer beslutning om kapitalnedsættelse til henlæggelse til særlig reserve, skal Selskabets kreditorer gives en 4-ugers frist til at anmelde krav til Selskabet. Herefter kan kapitalnedsættelsen gennemføres, hvis det skønnes forsvarligt.
Det foreslås at kapitalnedsættelsen til dækning af underskud og til henlæggelse til særlig reserve sker ligeligt og proportionelt for samtlige aktionærer. Kapitalnedsættelserne sker ved ændring af aktiernes nominelle stykstørrelse som foreslået nedenfor.
Beslutning om kapitalnedsættelse til dækning af underskud og henlæggelse til særlig reserve 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.
Ad 4 – 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 43.724.000 kr., nedsættes stykstørrelsen på hver aktie samtidig fra 10 kr. pr. aktie til 1,665703 kr. pr. aktie.
Det foreslår tilsvarende, at hvis kapitalnedsættelsen til henlæggelse til særlig reserve besluttes, så kapitalen besluttes nedsat til 2.624.956,20 kr., skal dette ske ved, at stykstørrelsen af hver aktie ændres fra 1,665703 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 til dækning af underskud, jf. pkt. 3a) samt ændre stykstørrelsen på aktierne, dvs. ændringer som kan gennemføres umiddelbart efter afholdelsen af generalforsamlingen, hvis der træffes beslutning herom.
Ad 5 – Indkaldelse til yderligere generalforsamling
Det foreslås, at der på generalforsamlingen træffes beslutning om at indkalde til ny generalforsamling den 14. Oktober 2024 med henblik på beslutning om gennemførelse af kapitalnedsættelsen til henlæggelse til særlig reserve, forudsat at dette er forsvarligt, og at generalforsamlingen bemyndiger Jan F Andersen til at stå for indkaldelsen og udsende selskabsmeddelelse herom.
På grundlag af den da forventeligt nedsatte kapital påtænkes dernæst at indkalde til yderligere ekstraordinær generalforsamling med henblik på beslutning om genoptagelse.
Hvis generalforsamlingen træffer beslutning herom, hvilket kan ske med simpelt flertal, udsendes indkaldelse i overensstemmelse med Selskabets vedtægter.
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 5. September 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 29. August 2024.
Anmodning om virtuelt adgangskort til generalforsamlingen kan indtil og med 5. September 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 5. September 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 5. September 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 29. August 2024.
- indkaldelse til ekstraordinær generalforsamling 2024
- blanket til stemmeafgivelse pr. brev og afgivelse af fuldmagt
- tilmeldingsblanket
- Udkast til vedtægter
- Årsrapport 2023
På vegne af JAC Invest AS og Janus Invest AS og i samarbejde med Selskabets indtil 20. august 2024 registrerede bestyrelse
Jan F Andersen
SPARK Technology A/S under tvangsopløsning
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 000
NOTICE TO CONVENE THE EXTRAORDINARY GENERAL MEETING
JAC Invest AS and Janus Invest AS, who together own 23,63 per cent of the share capital in SPARK Technology A/S (under compulsory dissolution), CVR no. 26 51 81 99 (the "Company"), hereby convene, in cooperation with the registered board of directors of the Company until 20 August 2024, in accordance with section 4(4) of the Company's Articles of Association, an extraordinary general meeting of the Company to be held on 12. September 2024, At. 10.00.
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
- The Board of Directors' report and approval of the Annual Report 2023
- The Board of Directors' report and approval of the Annual Report 2023
- Resolution on the allocation of profits or coverage of losses
- Resolution on reduction of the Company's capital
- to cover capital
- to be placed in a special reserve
- Amendment of the company's articles of association (unit size of shares)
- Notice of further general meeting
Background
On 20 August 2024, the Danish Business Authority requested the bankruptcy court to forcibly 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 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. Unfortunately, in the intervening period (20 August 2024), the Danish Business Authority chose to send the Company for compulsory disclosure.
Thereafter, a 3-month deadline applies for the Company to submit a request to the Danish Business Authority for the resumption of the Company.
The purpose of the notice convening an extraordinary general meeting is to prepare a request for resumption, which is subject to approval of the annual accounts by the general meeting and a reduction of the Company's capital.
At 1 – Election of Chairman
It is proposed that attorney-at-law Peter Kierkegaard be elected as chairman of the general meeting.
Re 2 – The Board of Directors' report and approval of the Annual Report 2023
- It is a prerequisite for the Company to be readmitted that the Company's approved annual report is submitted to the Danish Business Authority.
Against this background, it is proposed that the Company's Annual Report 2023 be approved by the Annual General Meeting. As regards the Board of Directors' report, reference is made to the report inserted in the annual report.
- It appears from the annual report 2023 that the Company in 2023 had a turnover of DKK 25,473 thousand and a negative result of DKK 138,071 thousand.
It is proposed that the negative result be transferred to the result for the financial year 2024.
A decision on the approval of the annual accounts, cf. above, is made by a simple majority.
Re 3 – Decision to reduce capital
It is a prerequisite for the Company to apply for resumption that the Company's capital is present.
It appears from the Annual Report 2023 that the Company has a registered share capital of DKK 262,496 thousand and an equity of DKK thousand. t.DKK 43,724. The company's equity has thus been partially lost.
- It is therefore proposed that the Company's capital be reduced by DKK 218,771,620 from DKK 262,495,620 to DKK 43,724,000 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.
The capital reduction to cover losses may be implemented immediately after a decision on the capital reduction has been made.
- In order to ensure that the Company's capital is present at the time of the request for resumption, it is proposed that the general meeting decides to reduce the capital by an additional DKK 41,099,043.80, so that the capital thereafter amounts to DKK 2,624,956.20 (provided that both capital reductions are resolved with the proposed amounts).
It is proposed that the capital reduction for provision for a special reserve be implemented at a price of 1 (“kurs 1”), so that the remaining amount up to the nominal value (100) of the shares is transferred to the Company's free reserves.
If the general meeting resolves on a capital reduction to be placed in a special reserve, the Company's creditors must be given a 4-week deadline to notify the Company of claims. Thereafter, the capital reduction can be implemented if it is deemed justifiable.
It is proposed that the capital reduction to cover losses and to be allocated to a special reserve 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.
A decision on a capital reduction to cover losses and to place it in a special reserve 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.
Re 4 – Change of size of each shares
It is proposed that the 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 43,724,000, the unit size of each share will be reduced at the same time from DKK 10 per share to DKK 1.665703 per share.
Correspondingly, it is proposed that if the capital reduction to be allocated to a special reserve is decided so the capital is reduced to DKK 2,624,956.20, this shall be done by changing the size of each share from DKK 1.665703 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 to cover losses, cf. item 3a) and to change the unit size of the shares, i.e. changes that can be implemented immediately after the general meeting, if a decision is made to do so.
Re 5 – Notice of further general meeting
It is proposed that the general meeting resolves to convene a new general meeting on 14. October with a view to resolving on the implementation of the capital reduction to be placed in a special reserve, provided that this is justifiable, and that the general meeting authorizes Jan F Andersen to convene the meeting and issue a company announcement thereon.
On the basis of the then expected reduction of the capital, it is then planned to convene a further extraordinary general meeting with a view to resume the Company.
If the general meeting resolves to do so, which can be done by a simple majority, a notice will be issued in accordance with the Company's articles of association.
Amount of share capital and right to vote
Regarding the Company's capital structure, it can be stated that 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 5. September 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 29. August 2024.
A request for a virtual access card for the general meeting can up to and including 5. September 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 5. September 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 5. September 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 29. August 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
On behalf of JAC Invest AS and Janus Invest AS and in collaboration with the Company's registered board of directors until 20 August 2024
Jan F Andersen
SPARK Technology A/S under compulsory dissolution
CVR no.: 26518199
Njalsgade 76, 4.
2300 Copenhagen S
Phone: +45 8830 000
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