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Beskrivning

LandDanmark
ListaFirst North Denmark
SektorTelekom & Media
IndustriMedia
Mdundo.com är verksamma inom underhållningsbranschen. Bolaget bedriver en musikplattform innehållande ett brett utbud av strömmad musik från hela världen, med en särskild nisch mot afrikansk musik. Tjänsterna erbjuds via streaming och prenumeration, där användaren kan skapa eget bibliotek och diverse musiksamlingar. Användarna består huvudsakligen av privata aktörer. Huvudkontoret ligger i Charlottenlund.

Kalender

2023-02-07 Kvartalsrapport 2023-Q2
2022-10-28 Ordinarie utdelning MDUNDO 0.00 DKK
2022-10-27 Årsstämma 2023
2022-09-22 Bokslutskommuniké 2022
2022-02-07 Kvartalsrapport 2022-Q2
2021-10-14 Ordinarie utdelning MDUNDO 0.00 DKK
2021-09-21 Bokslutskommuniké 2021
2021-05-12 Extra Bolagsstämma 2021
2021-02-09 Kvartalsrapport 2021-Q2
2020-10-28 Ordinarie utdelning MDUNDO 0.00 DKK
2020-10-27 Årsstämma 2021
2020-09-29 Bokslutskommuniké 2020
2022-06-29 22:08:18

29.6.2022 22:08:17 CEST | Mdundo.com A/S | Company Announcement

Company Announcement no. 5-2022

The Board of Directors of Mdundo.com A/S‘ (the “Company”) has today decided to exercise part of its authoritization to issue and grant warrants, and has thus issued a total of 105,000 warrants to key employees of the Company and the Company‘s subsidiary (the “Employees”). Each warrant can be exercised to subsribe for one share of nominally DKK 0.10 in the Company. 

At the same time, the Board of Directors has adopted the terms of the capital increase of up to 105,000 shares of normally DKK 0.1 arising from the exercise of the warrants.

The Board of Directors is authoritized to issue a total of 1,019,666 warrants. By the decision of issuing 105,000 warrants the Board of Directors has issued a total of 890,000 warrants each entitle the holder to subscribe for one share of nominally DKK 0.10.

The purpose of the issuing of warrants is to retain and motivate key employees of the Company, to honor already performed tasks and work as well as to provide incentive for them to make a special effort for the value creation of the Company.

Each warrant gives the right to subscribe for one newly issued share in the Company of nominally DKK 0.10 at an exercice price of DKK 10 per share, identical to the IPO subscription price for a share in the Company in the initial public offering. 

The warrants will ordinarily vest within a period of 3 years, subject to the Employees still being employed or engaged in the Company. Warrants that are vested can be exercised in a period of three (3) weeks after the publication of the Company’s annual report for the income year 2022/2023, 2023/2024 and 2024/2025 (“Exercise Period”). The warrants can only be exercised once within the Exercise Period. Warrants can be exercised partially, after which all unexercised warrants will lapse immediately without further notice or compensation. Warrants that are not exercised within the Exercise Period shall immediately lapse without further notice or compensation upon the expiry of the Exercise Period.

The theoretical market value of a warrant granted is DKK 0,531 calculated using the Black-Scholes model. The key assumptions for the calculation are as follows:

  • Share price: DKK 7.1 (closing 28 June 2022)
  • Exercise price: DKK 10
  • Risk free interest rate of 0.1%
  • Volatility of 25%
  • Time to expiration: 3.5 years

The complete terms and conditions applivable to the warrants are included as an appendix to the Company’s article of association.

Contacts

  • Jesper Vesten Drescher, Bestyrelsesformand/Chairman of the board, +4523229900, ir@mdundo.com

About Mdundo.com A/S

Mdundo is a leading music service for Africa with millions of people streaming and downloading music from our app and website every month. We aim to provide Africa’s millions of internet users with easy access to music whilst contributing structure, legality, and income to the sector. More info: https://mdundo.com/

Mdundo.com A/S
Jagtvænget 2
2920 Charlottenlund
www.mdundo.com

Certified Adviser
Kapital Partner A/S
Jernbanegade 4
1608 København V
+45 89 88 78 46
www.kaptalpartner.dk

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