Relesys A/S | Company Announcement
Company Announcement No. 8-2024
Copenhagen, May 8, 2024

In company announcement no. 4-2024, Relesys A/S ("Relesys") announced that shareholders representing approximately 93.5% of the share capital had entered into binding agreements to sell their shares with Unite BidCo ApS, a company controlled by Copilot Capital Limited ("Copilot").

Relesys hereby announces that the binding agreements with Copilot regarding the sale of approximately 93.5% of the shares in Relesys have been completed today.

Following settlement of the binding agreements, Copilot now holds more than 90% of the shares and the voting rights in Relesys. Accordingly Copilot has informed Relesys that they intend to cause Relesys to request Nasdaq Copenhagen for removal from trading of the shares in Relesys from Nasdaq First North Growth Market.

Further, Copilot has informed Relesys that they intend to exercise their rights under sections 70 and 72 of the Danish Companies Act to carry out a compulsory acquisition, whereby Copilot will request all remaining minority shareholders in Relesys, by separate publication, to transfer all their remaining shares in Relesys to Copilot within a four-week notice period.

Relesys' shares are expected to be deleted from trading on 15 May 2024 with the last day of trading on Nasdaq First North Growth Market being 14 May 2024 subject to approval from Nasdaq Copenhagen A/S. The four-week compulsory acquisition period is expected to commence on 15 May 2024 and accordingly, the last day of the four-week period will be on 12 June 2024.


Certified Adviser for Relesys
Grant Thornton
Stockholmsgade 45
2100 Copenhagen Ø
Denmark
 

CONTACT DETAILS
Relesys
Chair Alexander Martensen-Larsen
(+45) 2441 5090

Copilot
Hannah Grant
hannah@copilotcptl.com
(+44) 333-242-4008

About Relesys
Relesys is a Software-as-a-Service (SaaS) company founded with the sole purpose of creating a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance by providing employees access via an intuitive user-friendly app, with all the information they need to succeed with their jobs, thus improving the overall performance. Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who are isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally. At the end of 2023, Relesys had 196 clients with more than 396,000 licenses in 97 countries and supports 33 different languages. The customer base of Relesys includes brands such as Salling Group, COOP, NorgesGruppen, Specsavers, Bauhaus, Matas, Telia, Carlsberg Danmark, Amcor, and Vestas, together with several other market-leading brands.
 

About Copilot
Copilot is a lower mid-market buyout fund dedicated to growing the next generation of European software and data champions. Copilot strategically partners with companies generating €5-€15 million in annual recurring revenue (ARR), guiding them on a path to €50 million ARR and beyond.

Copilot employs proven, repeatable strategies designed to accelerate the growth of market leading products. Copilot's active approach embraces calculated risk-taking and aims for excellence. 

Copilot is based in London. Find out more here: www.copilotcptl.com.