Relesys A/S announces request for removal from trading and expected commencement of compulsory redemption of minority shareholde
Relesys A/S | Company Announcement
Company announcement no. 9-2024
Copenhagen, 13 May 2024
Request for removal from trading on Nasdaq First North Growth Market Denmark
In continuation of company announcements no 4-2024 and no. 8-2024 with respect to the sale of approximately 93.5% of the shares in Relesys A/S ("Relesys") to Copilot Capital Limited ("Copilot"), Relesys hereby announces that it has submitted a request to Nasdaq Copenhagen A/S ("Nasdaq") for the removal of trading of its shares on Nasdaq First North Growth Market Denmark, upon request from Copilot.
The request is based on the simplified procedure pursuant to rule 2.6(c)(i) of supplement D to the Nasdaq First North Growth Market Rulebook for Issuers of Shares dated 19 April 2024 as Copilot now holds more than 90% of the shares and the voting rights in Relesys.
Subject to approval from Nasdaq, the last day of trading of Relesys' shares on Nasdaq First North Growth Market Denmark is expected to be on 14 May 2024.
Expected commencement of compulsory redemption
Furthermore, Relesys has been informed that Copilot intends to exercise its rights under sections 70 and 72 of the Danish Companies Act, meaning that all remaining minority shareholders of Relesys are expected to be requested to transfer their remaining shares in Relesys to Copilot.
The compulsory redemption will be requested in a separate notice which will be published in Euronext Securities and the Danish Business Authority, expectedly on or around 15 May 2024. Pursuant to the compulsory redemption, shareholders will have a four-week period to sell their shares to Copilot. After the four-week period, all remaining shares will be compulsory redeemed.
Certified Adviser for Relesys
Grant Thornton
Stockholmsgade 45
2100 Copenhagen Ø
Denmark