Issue of new shares
2013-09-03 16:31:33
Reference is made to the stock exchange notices from Nio Inc. on 30 August 2013, regarding new financing through a combination of a share issue, a new loan facility and conversion of debt to new shares. Nio has today issued 9,050,643 new shares of its common stock in connection with the new financing. Nio`s share capital has increased from USD 15,092,431 to USD 15,997,495, and the number of outstanding shares has increased from 150,924,309 to 159,974,952 (par value USD 0.10). Nio Inc. confirms that the new shares have been duly authorized by all necessary corporate action and that the shares have been fully paid and validly issued. The new number of outstanding shares in Nio is 159,974,952 (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 250,000,000 authorized shares. For more information, please contact: Brian Palm Svaneeng Mertz, CEO, tel: +45 2390 3300. About Nio Inc. Nio Inc. has two primary business areas; internet auctions and online gaming. Nio owns and operates Internet auction sites which offer a unique and entertaining way to shop on the Internet, and the gaming sites Panda365.com, Lunacasino.com and Lunacasino.dk. Nio Inc. is a US company with its headquarter in Oslo, Norway and listed on the Oslo Stock Exchange (ticker: NIO). The information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.