Press release from Companies
Published: 2024-11-15 12:05:00
Company announcement no. 31-2024 The Board of Directors of Audientes A/S ("Audientes" or the "Company"), CVR 36047631, has by use of existing authorizations agreed to conversion of debt of DKK 1.09 million covering an IR-partnership with Kogai Invest AB and a role at the advisory board.
November 15, 2024
The Board of Directors of Audientes has resolved a capital increase by conversion of debt. Kogai Invest AB will convert debt of approx. DKK 1.09 million to shares at the same terms as the recent directed issue (DKK 0.014 per share).
This partnership marks an important step for Audientes, which together with Kogai Invest will work to strengthen the brand and engage more investors, while contributing to making stock trading more accessible and inspiring for everyone in Sweden and Denmark.
"We look forward to using Kogai Invests extensive network and innovative approach to create greater engagement and awareness around our company and its opportunities for future growth." says Steen Thygesen, CEO of Audientes.
Through the increase of the share capital by the directed issue and conversion of debt respectively, the number of shares and votes in Audientes increases by 77,494,460 to 399,411,640 and Audientes’ share capital increases by DKK 774,944.60 to DKK 3,994,116.40.
The issue of shares by conversion of debt entails a dilution effect of approx. 19.4 percent in relation to the current number of shares in Audientes which was 3,219,171.80 after the completion of the recent increase of the Company’s share capital (based on subscription funds received after effect of currency exchange rates). The dilution effect is calculated by dividing the number of new shares by the total number of shares in Audientes after registration of the new shares.
As part of the capital increase involving the conversion of debt, Audientes will incur costs of approx. DKK 10,000.
Steen Thygesen, CEO, Audientes A/S
Phone: +45 77 34 16 80
Email: st@audientes.com
Audientes A/S is a Danish hearing health company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes’ unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian and Nepalese markets and will be introduced in other markets in the coming years such as China. Companion by Audientes is an advanced hearable, a consumer electronics product, that is commercially available in Europe and Japan, and later in 2024 in China.
Audientes’ mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally. Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with subsidiaries in Hyderabad, India and in Tokyo, Japan. For additional information please refer to the company’s websites, www.audientes.com, www.audientes.eu or www.audientes.in.
This disclosure contains information that Audientes is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 15-11-2024 12:05 CET.
