The Board of Directors of Audientes A/S ("Audientes" or "the Company") hereby convenes an Extraordinary General Meeting to decide on a proposed listing change from Nasdaq First North Growth Market Denmark to Spotlight Stock Market Denmark.
The upcoming Extraordinary General Meeting will decide whether to apply for admission for trading on Spotlight Stock Market Denmark ("Spotlight") in Danish kroner, and delist the Company's shares from Nasdaq First North Growth Market in
Change of marketplace to increase visibility and liquidity
Audientes is an international company with an ambition to become truly global, both in terms of strategic direction and owner structure. Audientes has been listed on First North since
In order to attract additional investors, and to be in a cost-optimized environment with an increased number of Nordic investors, Audientes' Board of Directors has decided to apply for listing of the Company's shares on Spotlight in Danish kroner.
Spotlight's integrated Danish/Swedish setup increases the potential to attract Swedish and other Nordic investors. The higher average liquidity for Danish companies currently on Spotlight further supports the decision to propose the marketplace change at the Extraordinary General Meeting.
Management experience with the Swedish market
The chairman of Audientes A/S,
To clarify,
Market place change expected to take place July/
Provided that the proposal regarding change of marketplace to Spotlight is approved by the Extraordinary General Meeting, that the decision to de-list the shares from First North is approved by First North, and that the application to list the Company's shares on Spotlight is approved by Spotlight, the change is planned to take place in the period July/
No action needed from the current shareholders
Audientes' shareholders do not need to take any action in connection with the list change. The Company and its shares will still be affiliated to Euronext Securities A/S (formerly known as
CEO
"
Extraordinary General Meeting
The planned date for the Extraordinary General Meeting is
In order for the change of marketplace to take place, the decisions of the upcoming Extraordinary General Meeting need to be in accordance with the de-listing process from First North and the rules of the Danish Companies Act. The change of marketplace to Spotlight requires that Audientes submits a request for removal from trading, including an approval by existing shareholders with a two-thirds majority of both the votes cast at the Extraordinary General Meeting and the votes represented at the Extraordinary General Meeting.
Provided that the Extraordinary General Meeting approves the Board's proposal regarding change of marketplace, ten weeks must pass from the date of the request to de-list the Company's shares from First North before the actual change can take place.
The change of marketplace is also subject to Spotlight approving the Company for listing.
A notice for the Extraordinary General Meeting will be published as a separate company announcement.
For further information, please contact:
Phone: +45 53 17 26 10
Email: st@audientes.com
www.audientes.com
Phone: +45 77 34 16 80
Email: pab@audientes.com
Certified advisor
Kapital Partner A/S
Phone: +45 89 88 78 46
www.kapitalpartner.dk
About Audientes A/S
Audientes A/S is a Danish technology company specializing in smart, self-fitting and affordable hearing aids. Audientes' unique hearing aid solution, Ven™ by Audientes, is available for purchase in the Indian market, online and in retail, and will be introduced to the US over-the-counter market and other markets in the coming years. Audientes' mission is to help the approximately 500 million people globally suffering from disabling hearing loss who either cannot afford to buy one of the very expensive hearing aids on the market, or who do not currently have access to a solution to their hearing loss.
Audientes is listed on Nasdaq First North Growth Market Denmark (AUDNTS) and headquartered in
For additional information please refer to the company's website https://audientes.com.
https://news.cision.com/audientes/r/audientes-a-s-intends-to-carry-out-a-listing-change-to-spotlight-stock-market-denmark,c3570538
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