Nov 21, 2022

Notification of transactions by persons discharging managerial responsibilities and persons associated with them

Pursuant to the EU Market Abuse Regulation, SPENN Technology A/S hereby reports transactions made in SPENN Technology A/S by persons obliged to report on transactions to the Danish FSA and to Nasdaq First North Growth Market Denmark.

Company Announcement No. 89 

The transactions are based on the same conditions as the original share swap agreement between Blockbonds AS and SPENN Technology A/S in June 2021, which was at a ratio of 1 to 99 (that is 1 Blockbonds share to 99 SPENN shares). 

On these conditions, JAC Invest AS, owned by CEO at SPENN Technology A/S Jens Glaso, has purchased 16,184,817 shares for DKK 0.10 per share. The purchase results in a total holding of 511,103,177 shares of SPENN Technology A/S by JAC Invest AS.

Also on these conditions, Janus Invest AS, owned by CLO at SPENN Technology A/S Bård Bjerkås, has purchased 19,441,123 shares for DKK 0.10 per share. The purchase results in a total holding of 128,166,431 shares of SPENN Technology A/S by Janus Invest AS.

Mandatory transaction reports for the Danish FSA (Finanstilsynet) are attached to this announcement.

See attachments for details.

For further Information, please contact:
Jens B. Glaso, CEO SPENN Technology A/S. Phone +47 40 40 47 50, e-mail: [email protected]
Certified Adviser: Baker Tilly Corporate Finance P/S, Att.: Gert Mortensen, Partner. 
Phone: +45 33 45 10 00, www.bakertilly.dk/

SPENN Technology A/S
CVR nr.: 26518199
Njalsgade 76, 4.
2300 København S
Tel: +45 8830 0000
www.spenn.com

About SPENN Technology A/S

In a world where 1.7 billion people are still unbanked, SPENN Technology has democratized access to financial markets by bridging the crypto sphere with traditional finance. By utilizing blockchain technology Blockbonds has created a robust real-time payment system in which everyone can manage their savings, payments, investments and loans in an honest, transparent and secure way through the SPENN App platform. Although SPENN Technology A/S is a purpose-driven company with our vision to empower people, we are also a commercial player that always strives to develop new services for our customers.

The SPENN app is an innovative and unique digital banking platform for the unbanked as well as the banked to be able to send and receive money completely cost-free, in markets where the cost of financial services is the highest in the world. SPENN is disrupting the existing mobile payment distribution channels. SPENN has recently launched new integrated services in the platform and expects to launch more crypto services going forward.

SPENN is a technology provider to banks and governments based on a Software as a Service (SaaS) solution and has grown to become a key partner for their bank partners to drive deposits and to stay in front of innovation. SPENN is helping governments regulate the unregulated utilizing new technology and visionary ideas which have ultimately solved the biggest issue within financial inclusion.

SPENN Technology A/S is listed on the Nasdaq First North Growth Market Denmark. Ticker code: SPENN

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