Mdundo.com’s offer oversubscribed by 111%

1.9.2020 08:46:41 CEST | Mdundo.com A/S |
Selskabsmeddelelse
Mdundo.com’s udbud af 40,0 mio. kr. nye aktier er blevet positivt modtaget af både professionelle og private investorer, der samlet har tegnet for 84,3 mio. kr. svarende til, at udbuddet er overtegnet med 111%. Det har derfor været nødvendigt at reducere tegningsordrerne.
Selskabsmeddelelse nr. 2-2020
Mdundo.com A/S offentliggør i dag resultatet af udbuddet af nye aktier i forbindelse med optagelse til handel på Nasdaq First North Growth Market Denmark, jf. selskabsmeddelelse nr. 1-2020 af 17. august 2020 og virksomhedsbeskrivelsen, der ligeledes blev offentliggjort den 17. august 2020.
CEO Martin Nielsen, Mdundo.com: “Vi har fra starten vidst, at vi havde en stærk investeringscase, og de mange investorkontakter igennem hele tegningsperioden har bestyrket os heri. Selvom vi kun har markedsført børsnoteringen i Danmark, har vi fået henvendelser fra investorer i Sverige og øvrige udland, der dog har haft begrænsede muligheder for at tegne aktier. Vi ser derfor nu frem til, at også investorer uden for Danmark fra og med på fredag kan handle aktien”.
Udbuddet blev planmæssigt lukket den 28. august kl. 23:59. Mdundo.com har modtaget tegninger fra 2.914 investorer for i alt 8.428.731 stk. aktier. Selskabets udbud af op til 4.000.000 stk. nye aktier til en udbudskurs på 10,0 kr. pr. aktie er således fuldtegnet, hvilket giver Mdundo.com et bruttoprovenu på 40,0 mio. kr. og en markedsværdi på 102,0 mio. kr.
Første handelsdag på Nasdaq First North Denmark forventes at være den 4. september 2020 under symbolet ”MDUNDO”.
Resumé af Udbuddet:

Mdundo.com udsteder 4.000.000 stk. nye aktier til en udbudskurs på 10,0 kr. pr. aktie, hvilket giver et bruttoprovenu på 40,0 mio. kr.
Der er tildelt aktier til 2.459 aktiedepoter.
Baseret på udbudskursen er Mdundo.com’s markedsværdi efter gennemførelse af udbuddet 102,0 mio. kr.
Free float er 75%.
På grund af den store interesse for udbuddet er der foretaget følgende allokering:

Alle ordrer op til 500 stk. aktier har ikke modtaget nogen allokering af aktier.
Alle ordrer fra og med 500 stk. aktier og op til og med 25.000 stk. aktier har modtaget 500 stk. aktier samt 28,4% af ordren, der overstiger 500 stk. aktier.
Alle ordrer over 25.000 stk. aktier er blevet tildelt på individuel basis efter selskabets og dets Certified Advisers vurdering.

Supplerende information Registrering af kapitalforhøjelsen i Erhvervsstyrelsen ventes at ske den 3. september 2020. Første handelsdag på Nasdaq First North Growth Market Denmark for selskabets aktier forventes at være den 4. september 2020, under symbolet ”MDUNDO” og ISIN DK0061286101. Optagelsen til handel forudsætter, at Nasdaq First North formelt godkender ansøgning om optagelse af Mdundo.com’s aktier til handel på Nasdaq First North Growth Market Denmark. Danske Bank er afviklingsagent i forbindelse med udbuddet.
Yderligere oplysninger: CEO Martin NielsenTlf.: +45 93 94 40 55email: martin@mdundo.com.
Bestyrelsesformand Jesper DrescherTlf.: +45 23 22 99 00Email: jesper@mdundo.com 
Mdundo.com A/SJagtvænget 22920 Charlottenlundwww.mdundo.com 
Certified AdviserKapital PartnerJernbanegade 41608 København VTlf. 8988 7846www.kaptalpartner.dk
Kontakter

Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com

Om Mdundo.com A/S
Mdundo er en ledende musiktjeneste i Afrika med millioner af brugere som streamer og downloader via vores hjemmeside og app hver eneste måned. Vores ambition er at give Afrikas millioner af internetabonnementer nem adgang til musik samt bidrage til struktur, legalitet og omsætning til musikindustrien. Mere: https://mdundo.com/
Vedhæftninger

Download selskabsmeddelelse.pdf

1.9.2020 08:46:41 CEST | Mdundo.com A/S |
Company Announcement
Mdundo.com’s offer of DKK 40.0 million new shares have been positively received by both professional and private investors, who have subscribed for a total of DKK 84.3 million, corresponding to the offer being oversubscribed by 111%. It has therefore been necessary to reduce the subscription orders.
Company announcement no. 2-2020
Mdundo.com A/S today announces the result of the offering of new shares in connection with admission to trading on Nasdaq First North Growth Market Denmark, cf. company announcement no. 1-2020 of 17 August 2020 and the company description, which was also published on 17 August, 2020.
CEO Martin Nielsen, Mdundo.com: “We have known from the beginning that we had a strong investment case, and the many investor conversations throughout the subscription period have reinforced us with this. Despite only marketing the IPO in Denmark, we have received inquiries from investors in Sweden and the rest of the world. However, they have had limited opportunities to subscribe for shares. We are therefore now looking forward to investors outside Denmark also being able to trade the share from Friday and onwards”.
The tender was closed as scheduled on 28 August at 23:59. Mdundo.com has received subscriptions from 2,914 investors for a total of 8,428,731 shares. The company’s offering of up to 4,000,000 new shares at an offer price of DKK 10.0 per share was, thus, fully subscribed, which gives Mdundo.com gross proceeds of DKK 40.0 million. and a market value of DKK 102.0 million.
The first day of trading on Nasdaq First North Denmark is expected to be 4 September 2020 under the symbol “MDUNDO”. 
Summary of the Offering:

Mdundo.com issues 4,000,000. new shares at an offer price of DKK 10.0 per share, with gross proceeds of DKK 40.0 mill.
Shares have been allotted to 2,459 depots.
Based on the offer price, Mdundo.com’s market value after completion of the offer is DKK 102.0 million.
Free float is 75%.
Due to the great investor interest in the offer, the following allocation has been made:

Orders up to 500 shares have not received any allocation of shares.
All orders from and including 500 shares and up to and including 25,000 shares have received 500 shares and 28.4% of the order exceeding 500 shares.
All orders over 25,000 shares have been allotted on an individual basis at the discretion of the Company and its Certified Adviser.

Additional informationRegistration of the capital increase in the Danish Business Authority is expected to take place on 3 September 2020. The first day of trading day on Nasdaq First North Growth Market Denmark for the company’s shares is expected to be 4 September 2020, under the symbol “MDUNDO” and ISIN DK0061286101. The admission to trading presupposes that Nasdaq First North formally approves the application for admission of Mdundo.com’s shares to trading on Nasdaq First North Growth Market Denmark. Danske Bank is the settlement agent in connection with the offering.
Further information: CEO, Martin NielsenTel.: +45 93 94 40 55Email: martin@mdundo.com. 
Chairman of the Board, Jesper DrescherTel.: +45 23 22 99 00Email: jesper@mdundo.com 
Mdundo.com A/SJagtvænget 22920 CharlottenlundDenmarkwww.mdundo.com 
Certified AdviserKapital PartnerJernbanegade 41608 CopenhagenDenmarkTel. +45 8988 7846www.kaptalpartner.dk
 
Contacts

Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com

About Mdundo.com A/S
Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/
Attachments

Download announcement as PDF.pdf

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