Uddrag fra ABG’s analyse af Penneo:
Succesfully raises more cash than expected
- DKK 60m raise vs. its own ambition of just DKK 20-40m
- Current guidance assumes no growth-fueling capital raise
- Cash is abundant on our ests. – M&A on the horizon?
Maxes out authorisation to increase capital w. DKK 60m raise
Penneo announced the completion of a capital raise with gross proceeds of DKK 60m today. Thus, Penneo has exercised its full authorisation to issue new shares without pre-emptive rights for existing shareholders while also going beyond its previous ambition of raising just DKK 20- 40m. We see this as an indication of strong demand for the offered shares which we understand were allocated to four local institutional investors. While we would have liked to see a secondary component in the offering to clear any potential share overhang from IPO lock-ups (fourth and fifth lock-up instalments remain outstanding), the transaction did not include any such component.
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