{"id":13563,"date":"2024-10-28T08:28:23","date_gmt":"2024-10-28T08:28:23","guid":{"rendered":"https:\/\/entertainmentbharat.com\/donkeyrepublic-holding-a-s-intends-to-carry-out-a-private-placement\/"},"modified":"2024-10-28T08:28:23","modified_gmt":"2024-10-28T08:28:23","slug":"donkeyrepublic-holding-a-s-intends-to-carry-out-a-private-placement","status":"publish","type":"post","link":"https:\/\/entertainmentbharat.com\/donkeyrepublic-holding-a-s-intends-to-carry-out-a-private-placement\/","title":{"rendered":"DonkeyRepublic Holding A\/S intends to carry out a private placement"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span><p><\/p>\n<div id=\"\">&#13;<br \/>\n                        &#13;<br \/>\n&#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p style=\"margin-top:12px;\"><span>\u00a0<\/span><span><span><span><span><strong><span><span>Company announcement No. 13 \u2013 2024<\/span><\/span><\/strong><\/span><\/span><\/span><br \/><span><span><span><strong><span><span>*Contains inside information*<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/p>\n<p style=\" margin-top:15px;\"><span><span><span><span><strong><span><span>DonkeyRepublic Holding A\/S intends to carry out a private placement of new shares against cash contribution at market price, raising gross proceeds of DKK 14.9M.<\/span><\/span><\/strong><\/span><\/span><\/span><\/span><\/p>\n<p style=\" margin-top:15px;\"><span><span><span><span><span><span><span>The intended private placement of new shares is committed by 4 investors, both new and existing. The private placement is supported by 2 new professional investors participating in the private placement. The private placement is carried out at market price subject to authorisation by the Company\u2019s general meeting.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p><span><span><span><span><span><span><span>As disclosed in the H1-2024 report,<span><span><span><span><span> <\/span><\/span><\/span><\/span><\/span>Donkey Republic would actively seek to secure funding for fleet and organic growth investments, and this is now being executed. Donkey Republic is experiencing a high demand for its bike sharing solutions in its core markets which has given the company several realistic opportunities of onboarding new long term city contracts. These contracts will be directly contributing to the profitability strategy which will set up the company for a profitable growth path beyond 2024. The capital raise is now aimed primarily at giving Donkey Republic the possibility to provide the necessary capital for fleet and growth investments to onboard new long term contracts.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\" margin-bottom:11px;\"><span><span><span><span><span><span><span>The capital raise and onboarding of new long term contracts is expected to strengthen the position of the company in three ways\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<ul>\n<li><span><span><span><span><span><span><span>Delivering on the profitable growth strategy in 2025 and the years beyond<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span><span>Improve the balance sheet of the company by improving debt\/equity ratio and therefore improving long term outlook to onboard capital for growth in 2025 and beyond<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<li><span><span><span><span><span><span><span>Strengthen future cash flow from operations<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/li>\n<\/ul>\n<p style=\" margin-top:15px;\"><span><span><span><span><span><em style=\"font-style:italic;\"><span>\u201cThe intent of completing a capital raise is to capture demand and market opportunities. We have in the past years rolled out several cities on long term contracts of 3-10 years which supports our vision of working with cities, working for sustainable growth for long term business and for achieving profitability. The capital raise is therefore in accordance with and part of the execution of the outlined profitability strategy, but also lays the groundwork for the next level of our future growth.\u201d <\/span><\/em><span><span>\u00a0says CEO Niels Henrik Rasmussen.\u00a0<\/span><\/span><\/span><\/span><\/span><\/span><\/span><\/p>\n<p style=\" margin-top:15px;\"><span><span><span><span><span><span><span>The Private Placement is subject to approval by the Company\u2019s general meeting and the Board will by separate announcement call for an extraordinary general meeting asking to refill the current authorisation to the Board, to issue new shares in order to carry out the capital increase for the Private Placement. The extraordinary general meeting will be held on 12 November 2024 at 11.00.<\/span><\/span><\/span><\/span><\/span><\/span><\/span><span>\u00a0<\/span><\/p>\n<p>&#13;<br \/>\n&#13;<br \/>\n&#13;<\/p>\n<p><span><span><strong>CONTACT INFORMATION\u00a0<\/strong><br \/>DonkeyRepublic Holding A\/S<br \/>Skelb\u00e6kgade 4, trappe B, 4. sal.<br \/>1717 K\u00f8benhavn V<br \/>www.invest.donkey.bike<\/span><\/span><\/p>\n<p><span><span><strong>Niels Henrik Rasmussen, CEO<\/strong><br \/>investor@donkeyrepublic.com<\/span><\/span><\/p>\n<p>Subscribe to the company announcements at:<br \/>https:\/\/invest.donkey.bike\/donkey-republic-company-news\/<\/p>\n<p><span><span><strong>Financial and Certified Adviser:<br \/>Certified Adviser<\/strong><br \/>Grant Thornton Denmark,<br \/>Direct (+45) 35 27 50 11<\/span><\/span><\/p>\n<p>&#13;<\/p>\n<p><span><span><strong>About Donkey Republic<\/strong><br \/>Founded in 2014, Donkey Republic is a Danish purpose driven impact company active in the micro mobility industry. Donkey Republic provides a flexible, affordable and more sustainable way of transportation to the citizens by partnering with the cities.\u00a0<\/span><\/span><\/p>\n<p><span><span>Donkey Republic is a data driven technology company facilitating bike sharing, and we are able to provide cities and citizens a reliable bike sharing service. Sustainably at its core integrates with the city\u2019s public transportation system, by pursuing innovation Donkey Republic develops end-to-end products and services that solve city and riders problems. Riders are able to enjoy a more convenient and high quality ride, with our bike and ebike fleet, designed for durability and optimal maintenance through our servicing software platform. This collaborative dedicated software solution together with our bikes, seeks to improve people&#8217;s health &amp; well-being, the environment, reducing traffic congestion across cities as well as public space optimisation.<\/span><\/span><\/p>\n<p><span><span>Donkey Republic is a publicly traded company listed on the Nasdaq First North Growth Market. The company was listed in 2021 to onboard investors and support its growth and expansion into the European Market, and to continue securing its foothold and developing its market position in the European Micro mobility space. With thousands of Donkey bikes successfully implemented, Donkey Republic aims to grow its business and fulfill its vision of making urban city life quality better through responsible bike sharing.<\/span><\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.cision.com\/donkey-republic\/r\/donkeyrepublic-holding-a-s-intends-to-carry-out-a-private-placement,c4057271\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\">3<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span> &#13; &#13; &#13; &#13; &#13; \u00a0Company announcement No. 13 \u2013 2024*Contains inside information* DonkeyRepublic Holding A\/S intends to carry out a private placement of new shares against cash contribution at market price, raising gross proceeds of DKK 14.9M. The intended private placement of new shares is committed by 4 investors, both new and existing. The [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[78,55,73,51,37,41,60,38,80,52,82,77,11,49,71,61,63,76,59,57,42,56,48,64,45,74,65,43,46,79],"class_list":["post-13563","post","type-post","status-publish","format-standard","hentry","category-csp","tag-actor","tag-announcement","tag-award","tag-birthday","tag-bollywood","tag-box","tag-buzz","tag-celebrity","tag-cinema","tag-collection","tag-couple","tag-critic","tag-fashion","tag-festival","tag-film","tag-highlight","tag-hit","tag-industry","tag-insight","tag-news","tag-premiere","tag-project","tag-promotion","tag-review","tag-scandal","tag-scene","tag-star","tag-trailer","tag-trend","tag-update"],"_links":{"self":[{"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/posts\/13563"}],"collection":[{"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/comments?post=13563"}],"version-history":[{"count":0,"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/posts\/13563\/revisions"}],"wp:attachment":[{"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/media?parent=13563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/categories?post=13563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainmentbharat.com\/wp-json\/wp\/v2\/tags?post=13563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}