AND International Publishers NV (TICKER: AND.AS) announces closing
of €825K private placement
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RELEASE.
Capelle aan den Ijssel, The Netherlands,
29 December, 2020 - AND International Publishers N.V. (“AND” or the
“Company”) (Ticker: AND.AS), a location-aware content
technology company, now trading as GeoJunxion, today announces that
it has closed a €825K private placement of 515,820 newly issued
ordinary shares to new and existing investors at the subscription
price of €1.60 per share. As of today, all 515,820 of the
newly issued shares were admitted to listing and trading on
Euronext Amsterdam. AND plans to use to the proceeds of this
private placement to accelerate the Company’s product portfolio
expansion, extend its sales network and fund general corporate
purposes and working capital needs.
Thierry Jaccoud, CEO of AND
commented: “We are very pleased to have successfully
completed this private placement. The funds generated will allow us
to accelerate the development of our premium location-aware content
and services as well as strengthen our sales activities. These
investments will help us to achieve key strategic objectives which,
we believe will create value for all stakeholders.”
About AND International Publishers
NV AND with its new brand GeoJunxion is the
crossroads where fundamental, location-aware content connects with
superior, customised intelligence and highly focused innovations to
empower exceptional experiences. With an emphasis on safety and
sustainability, we are constantly expanding our portfolio to meet
the demands of a diverse and fast-evolving market. Building on
decades of experience in mapping, GeoJunxion is focusing on high
value, dynamic content and building environmentally conscious
applications, which enrich safety in everyday life. With
location-aware content at our core, we know where our strengths lie
and have the know-how and technology needed to offer unrivalled,
intelligent products and services.
AND is listed on the regulated market of Euronext Amsterdam,
under the symbol AND.AS. Learn more at
www.geojunxion.com.
Ends
AND Press
Contact
Caroline Bombart, Head of
Marketing
Tel: +31 (0)10 885 1200Email:
caroline.bombart@geojunxion.com
This press release is released by the Company
and contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 ("MAR"),
encompassing information relating to the private placement, and is
disclosed in accordance with the Company's obligations under
Article 17 of MAR.
For the purposes of MAR and Article 2 of
Commission Implementing Regulation (EU) 2016/1055, this press
release is being made on behalf of the Company by Thierry Jaccoud,
Chief Executive Officer.
Forward Looking Statements
Certain statements, beliefs and opinions in this
press release are forward-looking, which reflect AND’s or, as
appropriate, AND’s officers’ current expectations and projections
about future events. By their nature, forward-looking statements
involve a number of known and unknown risks, uncertainties and
assumptions that could cause actual results, performance,
achievements or events to differ materially from those expressed,
anticipated or implied by the forward-looking statements.
These risks, uncertainties and assumptions could adversely
affect the outcome and financial effects of the plans and events
described herein. A multitude of factors including, but not limited
to, changes in demand, regulation, competition and technology, can
cause actual events, performance, achievements or results to differ
significantly from any anticipated or implied development.
Forward-looking statements contained in this press release
regarding past trends or activities should not be taken as a
representation that such trends or activities will continue in the
future. As a result, AND expressly disclaims any obligation or
undertaking to release any update or revisions to any
forward-looking statements in this press release as a result of any
change in expectations or projections, or any change in events,
conditions, assumptions or circumstances on which these
forward-looking statements are based. AND or any of its officers or
employees cannot guarantee that the assumptions underlying such
forward-looking statements are free from errors and do not accept
any responsibility for the future accuracy of the forward-looking
statements contained in this press release or the actual occurrence
of the anticipated or implied developments. You should not place
undue reliance on forward looking statements, which speak only as
of the date of this press release.
Important Notices
This press release is for information purposes
only and shall not constitute an offer to buy, sell, issue, or
subscribe for, or the solicitation of an offer to buy, sell, issue,
or subscribe for any securities, nor shall there be any offer,
solicitation or sale of securities in any jurisdiction in which
such offer, solicitation or sale would be unauthorised or unlawful
prior to registration or qualification under the securities laws of
any such jurisdiction. Any failure to comply with these
restrictions may constitute a violation of the securities law of
any such jurisdiction.
The new shares issued, or to be issued, in
connection with the private placement have not been and will not be
registered under the U.S. Securities Act 1933, as amended (the
"U.S. Securities Act") or with any securities
regulatory authority of any state or other jurisdiction of the
United States and may not be offered, sold, delivered or
transferred, directly or indirectly, in or into the United States
except pursuant to an exemption from, or in a transaction not
subject to, the registration requirements of the U.S. Securities
Act and in compliance with any applicable securities laws of any
state or other jurisdiction of the United States. This press
release does not constitute an offer of securities in the United
States, securities may not be offered or sold in the United States
absent registration or an exemption from registration under the
U.S. Securities Act. The Company does not intend to register any
portion of the private placement in the United States or to conduct
a public offering of securities in the United States.
The distribution of this press release and the
offering of the new shares in certain jurisdictions may be
restricted by law. No action has been taken by the Company that
would permit an offering of such shares or possession or
distribution of this press release or any other offering or
publicity material relating to such shares in any jurisdiction
where action for that purpose is required. Persons into whose
possession this press release comes are required to inform
themselves about, and to observe such restrictions.
This press release does not constitute a
recommendation concerning any investor's options with respect to
the private placement. The new shares to which this press release
relates may be illiquid and / or subject to restrictions on their
resale. Recipients of this press release should conduct their
own investigation, evaluation and analysis of the business, data
and property described in the press release. The pricing and value
of securities can go down as well as up. Past performance is
not a guide to future performance. The contents of this press
release are not to be construed as financial, legal, business or
tax advice. If you do not understand the contents of this
press release you should consult an authorised financial adviser,
legal adviser, business adviser or tax adviser for financial,
legal, business or tax advice.