NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO
RUSSIA, BELARUS, AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE,
SOUTH AFRICA, UNITED STATES OF AMERICA OR ANY OTHER JURISDICTION WHERE SUCH
ACTION IN WHOLE OR IN PART WOULD BE UNLAWFUL. THIS PRESS RELEASE DOES NOT
CONSTITUTE AN OFFER TO ACQUIRE SECURITIES IN ZWIPE AS. SEE THE "IMPORTANT
INFORMATION" SECTION BELOW
OSLO, NORWAY - 14 MARCH 2023 - Reference is made to the stock exchange
announcement by Zwipe AS (the "Company" or "Zwipe") on 6 March 2023 regarding
the commencement of the subscription period in the fully guaranteed rights issue
of 20,862,047 new shares in the Company (the "Offer Shares") at a subscription
price of NOK 4.80 per share, raising gross proceeds of NOK 100,137,825.60 (the
"Rights Issue").
The trading period in the subscription rights in the Rights Issue on Euronext
Growth Oslo (ticker code "ZWIPT") and on Nasdaq First North Growth Market
(ticker code "ZWIPE TR") expires at close of trading today, 14 March 2023, on
Euronext Growth Oslo at 16:30 hours (CET) and on Nasdaq First North Growth
Market at 17:30 hours (CET), respectively.
The subscription period for the Rights Issue expires at 16:30 hours (CET) on 20
March 2023.
Subscription rights that are not sold before close of trading today, 14 March
2023, or used to subscribe for Offer Shares in the Rights Issue before the
expiry of the subscription period on 20 March 2023 at 16:30 hours (CET), will
have no value and will lapse without compensation to the holder.
For more information, please refer to the prospectus dated 1 March 2023 (the
"Prospectus"), prepared by the Company in connection with the Rights Issue,
which is available at the website of the Company at
https://www.zwipe.com/investors/reports and at the website of the manager of the
Rights Issue, Erik Penser Bank AB, at https://www.penser.se/corporate
-finance/#pagaende-uppdrag.
#######
For further information, please contact:
Danielle Glenn, CFO and Head of IR
E-mail: ir@zwipe.com
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About Zwipe
Zwipe believes the inherent uniqueness of every person is the key to a safer
future. We work with great passion across networks of international
organizations, industries and cultures to make convenience safe and secure. We
are pioneering next-generation biometric card and wearables technology for
payment and physical & logical access control and identification solutions. We
promise our customers and partners deep insight and frictionless solutions,
ensuring a seamless user experience with our innovative biometric products and
services. Zwipe is headquartered in Oslo, Norway, with a global presence.
To learn more, visit http://www.zwipe.com.
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IMPORTANT INFORMATION
The information in this press release neither contains nor constitutes an offer
to acquire, subscribe or otherwise trade in shares, warrants or other securities
in Zwipe. No action has been taken and no action will be taken to permit an
offer to the public in any jurisdictions other than Norway and Sweden. The
invitation to interested persons to subscribe for shares in Zwipe will only take
place through the Prospectus published by Zwipe on 3 March 2023. This
announcement is an advertisement and is not a prospectus for the purposes of the
Prospectus Regulation. Investors should not subscribe for any securities
referred to in this announcement except on the basis of information contained in
the aforementioned Prospectus.
The information contained in this press release may not be disclosed, published
or distributed, directly or indirectly, within or to the United States,
Australia, Hong Kong, Japan, Canada, New Zealand, Singapore, South Africa,
Russia, Belarus or any other jurisdiction where such action would be illegal,
subject to legal restrictions or require measures other than those that follow
from Norwegian and Swedish law. Actions contrary to this instruction may
constitute a violation of applicable securities legislation. No shares or other
securities of Zwipe have been registered, and no shares or other securities will
be registered, under the United States Securities Act of 1933 from time to time
("Securities Act") or the securities laws of any state or other jurisdiction of
the United States and may not be offered, sold or otherwise transferred,
directly or indirectly, in or to the United States, except pursuant to an
applicable exemption from, or in a transaction not subject to, the registration
requirements of the Securities Act and pursuant to the securities laws of the
relevant state or other jurisdiction in the United States. This communication is
distributed to and directed solely to persons in the United Kingdom who are (i)
professional investors falling within the scope of Article 19(5) of the U.K.
from time to time in force