Re-Match postpones its Initial Public Offering due to market uncertainty
Company announcement 2/2021
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, AUSTRALIA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE SUCH PUBLICATION, DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL
This announcement does not constitute an offering circular or any kind of prospectus as defined by Regulation (EU) No. 2017/1129 of 14 June 2017 and nothing herein shall be construed as an offering of securities. No one should purchase or subscribe for any securities in Re-Match Holding A/S (“Re-Match” or the “Company”) except on the basis of information in any prospectus published by the Company in connection with an offering of the Company’s securities. Copies of any such prospectus (the “Prospectus”) will be made available at the Company’s registered office and, subject to certain exceptions, through the website of the Company.
Re-Match postpones its Initial Public Offering due to market uncertainty
Herning, Denmark 29 September 2021 – Re-Match, a pioneer within sustainable recycling of artificial turf, has decided to postpone its Initial Public Offering and admission to trading on Nasdaq First North Premier Growth Market in Copenhagen. As a result of the current extraordinary high volatility and uncertainties in the financial markets it has been concluded that the current unfavourable market environment does not provide a supportive foundation for Re-Match to initiate its journey as a publicly traded company.
Consequently, the contemplated offering of new shares will not be completed, and the Company will not be listed and admitted to trading on Nasdaq First North Premier Growth Market. All submitted orders will be automatically cancelled and all associated arrangements to the Offering will lapse.
Laurits Mathias Bach Sørensen, Chairperson of the board of directors of Re-Match, said:
“Despite strong support from cornerstone investors, it is our belief that the current market uncertainty does not support the Company’s and existing shareholders desire to achieve a successful IPO and orderly aftermarket. We are very pleased with the positive support we have received from institutional as well as retail investors during the past weeks, and would like to thank all investors for their interest in investing in Re-Match.”
Re-Match published a prospectus on 16 September 2021, and the offering period was planned to close on 29 September 2021.
For more info please contact:
Martin Plambek, CMO, +45 5211 1125, mp@re-match.com
Important notice
This announcement does not constitute a prospectus as defined by Regulation (EU) No. 2017/1129 of 14 June 2017 and nothing herein contains an offering of securities. No one should purchase or subscribe for any securities in the Company, except on the basis of information in any prospectus published by the Company in connection with an offering of the Company’s securities. Copies of any such prospectus will be made available at the Company’s registered office and, subject to certain exceptions, on the website of the Company.
This announcement and the information contained herein are not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in the United States or any other jurisdiction where such offer or sale would be unlawful and this announcement and the information contained herein are not for distribution or release, directly or indirectly, in such jurisdictions. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act. There is no intention to register any securities referred to herein in the United States or to make any offering of the securities in the United States.
In any member state of the European Economic Area (an “EEA Member State”), other than Denmark, this announcement is only addressed to and is only directed at, investors in that EEA Member State who fulfil the criteria for exemption from the obligation to publish a prospectus, including qualified investors, within the meaning of Article 2(e) of the Prospectus Regulation (EU) No. 2017/1129.
This announcement is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to “qualified investors” (as defined in the UK Prospectus Regulation) who are (a) investment professionals falling within Article 19(5) of the UK Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities falling within Article 49(2)(a) – (d) of the Order (the persons described in (i) and (ii) above together being referred to as “relevant persons”). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. The “UK Prospectus Regulation” means Regulation (EU) 2017/1129 as it forms part of domestic law in the United Kingdom by virtue of the European Union (Withdrawal) Act 2018.
ABG Sundal Collier Denmark, Filial af ABG Sundal Collier ASA, Norge (the “Sole Global Coordinator and Bookrunner”) and its respective affiliates are acting exclusively for the Company and no one else in connection with the Offering and will not regard any other person as its respective clients in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.
Forward looking statements
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should” and similar expressions, as well as other statements regarding future events or prospects. Specifically, this announcement includes information with respect to projections, estimates and targets that also constitute forward-looking statements. The forward-looking statements in this announcement are based upon various assumptions, many of which in turn are based upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations, projections, estimates and targets expressed or implied in this announcement by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
events to differ materially from the expectations, projections, estimates and targets expressed or implied in this announcement by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.
Contacts
Nicolaj Magne Larsen
CEO
Tel:+45 7734 6734
nml@re-match.com
Thomas Bech Albertsen
CFO
Tel:+45 77 34 67 34
tba@re-match.com