Share issue - new number of outstanding shares
2012-05-22 17:31:05
Nio Inc. has today issued 40,000,000 new shares of its common stock in connection with the earn-out agreement in the share purchase agreement for the acquisition of Flamingo Intervest Ltd. ref. announcement on April 30, 2012. Nio`s share capital has increased from USD 10,563,431 to USD 14,563,431, and the number of outstanding shares has increase from 105,634,309 to 145,634,309 (par value USD 0.10). Nio Inc. confirms the new shares have been duly authorized by all necessary corporate action and that the shares have been fully paid and validly issued. The number of outstanding shares in Nio is 145,634,309 (par value USD 0.10) and all shares are listed and admitted for trading on the Oslo Stock Exchange. The new shares are issued under the Company's 150,000,000 authorized shares. The new shares issued by Nio are "restricted securities" as defined in Rule 144 under the US Securities Act and described in the Equivalent Document dated 15 November 2011. For further information, contact Brian Palm Svaneeng Mertz, CEO, +45 2390 3300. Nio Inc. owns and operates the Internet auction site Ziinga.com. The site offers a unique and entertaining way of Internet auction shopping. Nio also helps protecting life and property through the development and sales of sophisticated video surveillance solutions. Nio Inc. is headquartered in the United States and listed on the Oslo Stock Exchange (ticker: NIO). This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)