NIO: Issue of new shares
2015-01-23 16:57:49
Reference is made to the stock exchange announcement from Nio Inc. on December 30, 2014, regarding the purchase of the minority interest in Nio's subsidiary Candid Gaming Ltd. for a consideration in new Nio shares. Nio has today issued 41,000,000 new shares of its common stock in connection with the purchase of minority interests in Candid Gaming. Nio's share capital has increased from USD 15,997,495 to USD 20,097,495, and the number of outstanding shares has increased from 159,974,952 to 200,974,952 (par value USD 0.10). Nio Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the new shares have been fully paid and validly issued. The new number of outstanding shares in Nio is 200,974,952 (par value USD 0.10) and the new shares are issued under the Company's 250,000,000 authorized shares. The new shares will not be admitted for trading on the Oslo Stock Exchange until an equivalent document has been approved by the Oslo Stock Exchange, re. Vphl. § 7-3 and § 7-5 no. 7.