Announcement on the secondary public offering of ELMO Rent AS shares
ELMO Rent AS (registry code 12994939, hereinafter ELMO Rent) hereby announces the secondary public offering of its shares. The public offering is based on the Offering Document (English translation latest by 03.01.2021) available at the website of ELMO Rent www.elmorent.ee/investeeri. As the total amount of the offering is below EUR 5,000,000, no prospectus is drafted or published.
ELMO Rent will offer 145,450 new shares and reserves a right to increase the offering by up to 500,000 shares, thus in total of up to 645,450 shares. The proceeds of the offering, in total between EUR 0.8 million to EUR 3.55 million euros, are planned to be used for acquiring Elektritakso OÜ and thereby launching a taxi service in Tallinn as a new business area, supplying and testing the next remote vehicle technology, expanding the vehicle fleet, preparation work for entering foreign markets and developing further the IT software for vehicle fleet operation.
The offering is directed at retail and institutional investors in Estonia. ELMO Rent will submit an application for admission of all new shares issued in the course of the offering, to trading on the multilateral trading facility First North.
Overview of the essential terms of the offering:
Offering period during which the shares can be subscribed for starts on 27 December 2021 at 10:00 and ends on 10 January 2022 at 16:00 (Estonian time).
The offer price is fixed at EUR 5.50 of which EUR 0.10 is the nominal value and 5.40 is issue premium. Only whole numbers of shares can be subscribed for.
Retail investor wishing to submit a subscription order must contact the administrator of the securities account opened in his or her Estonian Register of Securities for this purpose.
ELMO Rent has one class of shares and the offered shares belong to the same class.
IMPORTANT DATES
The indicative timetable of the offering is the following:
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27 December 2021 at 10:00 |
Start of offering period |
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10 January 2022 at 16:00 |
End of offering period |
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On or about 11 January 2022 |
Announcement on the results of the offering |
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On or about 14 January 2022 |
Settlement of the offering |
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On or about 27 January 2022 |
First trading day on Nasdaq Tallinn First North |
Subscription Undertaking
Owner of the securities account: [name of the investor]
Securities account: [number of the investor’s securities account]
Custodian: [name of the investor’s custodian]
Security: ELMO RENT SHARE additional 2
ISIN code: EE3802075889
Amount of securities: [number of shares for which the investor wishes to subscribe]
Price (per one share): EUR 5.50
Transaction amount: [the number of shares for which the investor wishes to subscribe multiplied by the price of the share]
Counterparty: ELMO Rent AS
Securities account of the counterparty: 99109793232
Custodian of the counterparty: Swedbank AS
Value date of the transaction: 14.01.2022
Type of transaction: purchase
Type of settlement: delivery versus payment (DVP)
Contacts for additional information:
Julia Nekrassova
ELMO Rent AS management board member
+372 5167 991
julia@elmorent.ee
ELMO Rent AS is a company established and incorporated in Estonia whose main business activity is to offer an environmentally friendly car rental service and to develop, market and scale environmentally friendly and innovative technologies related to car rental service, such as the IT operating system for managing the car park, car controller and remote control vehicle.
The information contained herein does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. The information contained herein is not for release, publication or distribution, in whole or in part, directly or indirectly, in or into the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or such other countries or otherwise in such circumstances in which the release, publication or distribution would be unlawful.
The offering of the shares is only based on the Company Description and is addressed only to persons to whom the Company Description is addressed. The company description includes, among other things, risk factors and financial information and other information. This notice has not been approved by any supervisory authority and is not a prospectus. Therefore, investors should subscribe for shares on the basis of the information contained in the offering document and not only on the basis of this notice.
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