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SPENN Technology A/S: Notification of transactions by persons discharging managerial responsibilities and persons accociated with them

Staffan Herbst, Chief Financial Officer of SPENN Technology A/S, has acquired 25 million shares of the company for DKK 3 million.

Company Announcement No. 87

The shares were acquired through a direct share issuance worth DKK 3 million, based on a share price of DKK 0.12.

“Herbst holds a key position at SPENN Technology A/S. It is of great value to the company to provide him with strong incentives for continuing his efforts as an important part of the management team, and to increase his incentives for an upcoming dual quotation in New York,” says Karl-Anders Grønland, Chairman of the SPENN Board of Directors.

CFO Staffan Herbst has been with SPENN Technology and subsidiary Blockbonds since 2018. Following this transaction, Herbst owns 28,564,000 shares of SPENN Technology.

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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SPENN Technology A/S: Signed agreement for SPENN to enter Nigeria

SPENN Technology is preparing an entry into the largest country and market in Africa: Nigeria.

Investor News 4/22

Today, SPENN has entered into an agreement with the intention to establish a company that will offer SPENN products and services in Nigeria.

“Our intention is to build a Nigerian SPENN organization to penetrate the largest market on the African continent,” says Jens Glaso, CEO of SPENN Technology.

Nigeria is the most populous country in Africa with an estimated 216 million people. At the current growth rate, Nigeria is adding approximately 5 million people to its population every year.

“We will work relentlessly to make Nigeria a huge market for SPENN. We are keen on exploring the opportunities for SPENN products and services in this great nation, and we are pleased to have started the process of entering Nigeria. Building on experiences and results in our current markets, we are now able to plan a roll-out with larger public disbursement partners,” says Glaso. 

SPENN operations in Nigeria will be set up as a joint venture with Nigerian partners. SPENN Technology will have 70 per cent ownership of SPENN Nigeria.

When the joint venture is established, it will search for an appropriate bank partner and apply for approval from the Central Bank of Nigeria and other relevant Nigerian authorities. 

“This could take 1-2 years, but we hope that our local partners will be able to speed up the process,” says Karl-Anders Grønland, Chairman of the Board of SPENN Technology.

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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SPENN Technology A/S: Signed agreement with Rwandan company for governmental services and payments

SPENN has entered into an agreement with Irembo in Rwanda to enable Irembo to pay commissions to their agents via SPENN business services.

Investor News 3/2022

Irembo offers payment processing for land services, car and motor services, health services and much more to the Rwandese public, generating annual revenues of more than 8 billion Rwandan francs. Payments can be made via bank transfer, credit cards, cash, and mobile money either online or at designated Irembo agents. SPENN is working towards being added to the list of payment channels.

“Our intention is to integrate Irembo in the SPENN app, making it possible for end-users to pay for any governmental service offered via Irembo,” explains Jens Glaso, CEO of SPENN Technology.

Irembo has a network of approximately 6,000 agents throughout Rwanda which is of interest to SPENN.

“We are onboarding Irembo agents as SPENN users, which allows them to receive payments for their services via SPENN,” says Glaso.

A pilot with a group of 30 Irembo agents has been launched where these agents are onboarded to SPENN in order to receive commission payments from Irembo via SPENN. Pending the evaluation of the pilot, a scale-up to include all 6,000 Irembo agents is already planned together with Irembo.

“We would also like to have Irembo agents add SPENN services to their list of offerings,” says Glaso.

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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SPENN Technology A/S: Notification of transactions by persons discharging managerial responsibilities and persons closely associated with them

Company Announcement No. 86

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

JAC Invest AS, owned by CEO at SPENN Technology A/S, Jens Glaso, has purchased 500.000 shares at DKK 73.793,49 and 500.000 shares at DKK 774.000 and 250.000 shares at DKK 35.250. The purchase results in a total holding of 496.168.360 shares of SPENN Technology A/S by JAC Invest AS.

Montebello Vinselskap og Invest AS, owned by Chairman of the Board of Directors at SPENN Technology A/S, Karl-Anders Grønland, has purchased 666.666 shares at DKK 100.000. The purchase results in a total holding of 58.876.944 shares of SPENN Technology A/S by Montebello Vinselskap og Invest AS.

Petrus Johannes Van der Walt, Member of the Board of Directors at SPENN Technology A/S, has purchased 800.000 shares at DKK 118.400. The purchase results in a total holding of 800.000 shares of SPENN Technology A/S by Petrus Johannes Van der Walt.

Janus Invest AS, owned by CLO at SPENN TechnologyA/S, Bård Bjerkås, has purchased 501.745 shares at DKK 74.057,56. The purchase results in a total holding of 108 725 308 shares of SPENN Technology A/S by Janus Invest AS.

Distinct AS, owned by CTO and member of the Board of Directors at SPENN Technology A/S, Magne Freitheim, has purchased 74.134 shares at DKK 10.971,83. The purchase results in a total holding of 45.058.843 shares of SPENN Technology A/S by Distinct AS.

Staffan Herbst, CFO at SPENN Technology A/S, has purchased 30.000 shares at DKK 4.260. The purchase results in a total holding of 3.594.000 shares of SPENN Technology A/S by Staffan Herbst.

Erik Seiving, COO at SPENN Technology A/S, has purchased 70.000 shares at DKK 10.248. The purchase results in a total holding of 80.000 shares of SPENN Technology A/S by Staffan Herbst.

Mandatory transaction report for the Danish FSA (Finanstilsynet) is attached to this managerial transactions announcement.

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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SPENN Technology A/S: SPENN Technology A/S: Considering up-listing to Nasdaq Copenhagen and cross-trade at OTC Markets in New York

Investor News 2/2022

SPENN Technology A/S is considering an up-listing to Nasdaq Copenhagen, which is the main list of the Danish stock exchange. Up-listing is subject to approval of an application. SPENN remains confident that the company is in compliance with all requirements listed by Nasdaq.

An up-listing process is likely to take several months.

Also, the Board of Directors of SPENN Technology has decided to seek admission to OTC Markets in New York and will be formally applying for approval for a dual quotation in the United States. 

“The purpose is to increase access to US investors and to increase volume and liquidity in our security and to bring greater value to our current and future shareholders. Cross-trading on the OTC Markets will facilitate US investors to trade in our ordinary share in US dollars, with a US ticker symbol, during US Market hours,” says CEO of SPENN Technology, Jens Glaso.

The SPENN share will remain listed in Denmark and will continue to trade there. No new shares will be issued as part of the OTC Markets admissions process. SPENN will be

applying under the SEC rule 12g3-2b exemption and will be utilizing its local market disclosures for admission.

 “We truly look forward to being exposed to more investors. Based on the performance of other stocks at OTC Markets, the liquidity of company shares increase by more than 40 per cent when given access to this marketplace,” says Glaso.

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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SPENN Technology A/S: Minutes of Annual General Meeting

Company Announcement No. 85

SPENN Technology A/S held Annual General Meeting today.

All items on the agenda were unanimously agreed on as proposed by the Board of Directors.

The protocol of the Annual General Meeting is available at https://investor.spenn.com/wp-content/uploads/2022/04/AGM-protocol-7-April-2022.pdf and is attached to this announcement.

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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SPENN Technology A/S: Selected for Mastercard crypto growth program

SPENN Technology has been selected to participate in Mastercard Start Path Crypto – a program providing access to partnership opportunities, insights, and tools to grow.

Investor News 1/2022

The agreement with Mastercard includes a right to invest in SPENN Technology. Mastercard has secured an option to participate with up to 10 per cent in any new financing of SPENN Technology following the conclusion of the program.

“We are super excited to be part of the Mastercard Start Path Crypto program. This is a unique opportunity to partner with a global fintech and crypto player, which displays a desire and ability to accelerate SPENN in the crypto sphere,” says Jens Glaso, CEO of SPENN Technology.

“Former participants in the Start Path program include fintech giant Revolut, valued at 33 billion dollars in the latest financing round – just to give people a sense of the magnitude and exclusivity of being included in this program,” says Glaso.

Six companies from around the world have been selected in this third wave of Start Path Crypto. In addition to SPENN, these are Bitfy (Brazil), Ankr (US), Belo (Argentina), BitsCrunch (Germany) and Fonbnk (US).

All are working to bring the benefits of blockchain products to more people, and all are considered ‘scale-ready’ by Mastercard.

EXPONENTIAL GROWTH
In less than 15 years, cryptocurrency has grown from a largely speculative investment vehicle among hardcore enthusiasts in developed nations – to a global financial phenomenon. The number of crypto users grew by 178% in 2021, with 295 million users worldwide by the end of the year — and that number is expected to reach a billion by the end of 2022, according to a recent crypto.com report. Crypto-based peer-to-peer payments and remittances are growing across Africa, the Middle East, and Latin America.

The market size of blockchain-based businesses and tech, which power crypto and a growing number of finance, logistics and media services, is expected to grow from nearly $5 billion in 2021 to $228 billion by 2028, according to a recent ResearchAndMarkets forecast. But challenges remain in mainstreaming crypto and blockchain as government regulations, tech standards and plenty more still need to be ironed out.

GAINING MARKET SHARES
“SPENN is working closely with regulators and banks to make crypto a mainstream tool, while ensuring user-friendliness. We have every intention of taking substantial market shares in countries where we operate,” says Glaso.

Built on blockchain, SPENN provides tremendous cost-savings for banks, allowing them to include more people in the financial system. When given access to a bank account, SPENN enables people to manage their savings, payments, and investments transparently and securely. Using the SPENN app, they can even take up loans that are interest-free for the initial 14 days.

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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SPENN Technology A/S: Notice to convene AGM

SPENN Technology A/S: Indkaldelse til ordinær generalforsamling

Company Announcement No. 84

In the following the notice to convene the AGM is presented in Danish as “Indkaldelse til ordinær generalforsamling” and below the english version.

Bestyrelsen for SPENN Technology A/S, CVR-nr. 26 51 81 99 (”Selskabet”), indkalder hermed i henhold til § 4 i Selskabets vedtægter til ordinær generalforsamling, der afholdes torsdag den 7. april, kl. 09.00.

Generalforsamling afholdes som en fuldstændig elektronisk generalforsamling efter selskabslovens § 77 og i henhold til § 5 i Selskabets vedtægter. Der vil således ikke være adgang til fysisk fremmøde. Instruktioner til deltagelse i den virtuelle generalforsamling vil være at finde på Selskabets hjemmeside i form af en praktisk guide.

Dagsorden

  1. Valg af dirigent
  2. Bestyrelsens beretning om Selskabets virksomhed i det forløbne år
  3. Forelæggelse af årsrapport til godkendelse
  4. Beslutning om anvendelse af overskud eller dækning af tab i henhold til den godkendte årsrapport
  5. Incitamentsprogram til selskabets ledelse
  6. Valg af bestyrelse
  7. Valg af revisor
  8. Ændring af Selskabets formålsbestemmelse
  9. Eventuelt

Ad 1 – Valg af dirigent

Bestyrelsen foreslår valg af Peter Kierkegaard som dirigent.

Ad 2 – Bestyrelsens beretning om Selskabets virksomhed i det forløbne år

Der henvises til beretningen indsat i årsrapporten.

Ad 3 – Forelæggelse af årsrapport til godkendelse

Bestyrelsen indstiller årsrapport 2021 til generalforsamlingens godkendelse.

Ad 4 – Beslutning om anvendelse af overskud eller dækning af tab i henhold til den godkendte årsrapport

Bestyrelsen foreslår, at der ikke udbetales udbytte og at årets resultat på -48,2 mio. kr. overføres til næste års resultat.

Ad 5 – Incitamentsprogram til selskabets ledelse

Bestyrelsen ønsker at generalforsamlingen giver sin tilslutning til, at bestyrelsens medlemmer indgår i aktieincitamentsprogrammerne, der helt eller delvist erstatter årlige kontante vederlagsbetalinger. Vederlaget til bestyrelsen for en periode på 3 år må ikke overstige 0,75 pct. af den samlede aktiekapital og må ikke have en tegningskurs på mindre end 15 pct. af noteringskursen på Nasdaq First Norh de sidste 10 bankdage forud for generalforsamlingen. Tegning i henhold til et sådant incitamentsprogram kan først ske 2 år efter generalforsamlingen.

Ad 6 – Valg af bestyrelse

Den siddende bestyrelse bestående af Karl-Anders Grønland (formand), Jan Fredskilde Andersen, Magne Fretheim, Adiam Nardos Negassie og Petrus Johannes genopstiller.

Ad 7 – Valg af revisor

Bestyrelsen foreslår at BDO Statsautoriseret Revisionsaktieselskab genvælges som revisor for Selskabet.

Ad 8 – Ændring af Selskabets formålsbestemmelse

Bestyrelsen foreslår at Selskabets formålsbestemmelse i vedtægternes § 2 ændres til:

”Selskabets primære formål er udvikling, vedligeholdelse, licensering og salg af IT-systemer og konsulentydelser. Selskabet investerer endvidere i virksomheder, der kan øge efterspørgslen på den af Selskabet udviklede software og IT-systemer, og virksomheder, der komplimenterer Selskabets øvrige aktiviteter. Selskabet er endvidere aktivt inden for finansielle medier gennem Selskabets datterselskab Netposten A/S.”

Vedtagelseskrav

Forslag i dagsordenens pkt. 1- 7 kan vedtages med simpelt flertal, mens vedtagelse af forslag under pkt. 8 kræver vedtagelse af mindste 2/3 af såvel de afgivne stemmer som af den del af selskabskapitalen, som er repræsenteret på generalforsamlingen.

Selskabskapitalens størrelse og ret til at stemme

Selskabskapitalen udgør nominelt DKK 240.137.943,10. Hvert nominelt beløb på DKK 0,1 giver ret til én stemme på generalforsamlingen.

Registreringsdatoen er den 31. marts 2022.

Aktionærer, der besidder aktier i Selskabet på registreringsdatoen, har ret til at deltage i og stemme på generalforsamlingen.

De aktier, aktionæren besidder, opgøres på registreringsdatoen på baggrund af notering af aktionærens aktier i ejerbogen samt meddelelser om ejerforhold, som Selskabet har modtaget med henblik på indførsel i ejerbogen.

Deltagelse er endvidere betinget af, at aktionæren rettidigt har tilmeldt sig og løst et adgangskort som beskrevet nedenfor.

Adgangskort og fuldmagt

Enhver aktionær, eller fuldmægtig for en aktionær, skal have et virtuelt adgangskort for at kunne deltage i generalforsamlingen, der udstedes som et link sendt pr. e-mail. Generalforsamlingen vil blive afholdt virtuelt via systemet ”Google-meet”. Der stilles ikke særlige tekniske krav ved anvendelse af følgende webbrowsere: Chrome, Firefox, Safari, og nyeste version af Edge.

Adgangskort udstedes til den, der ifølge ejerbogen er noteret som aktionær på registreringsdatoen, eller som Selskabet pr. registreringsdatoen har modtaget behørig meddelelse fra med henblik på indførsel i ejerbogen.

Tilmeldings- og fuldmagtsblanket kan downloades direkte fra Selskabets hjemmeside, https://investor.spenn.com senest den 24. marts 2022.

Anmodning om virtuelt adgangskort til generalforsamlingen kan indtil og med

  1. 31. marts 2022 kl. 23.59 rekvireres via e-mail til [email protected] Efter dette tidspunkt kan der ikke bestilles adgangskort. Aktionærer, der ikke har an- modet om at få udleveret adgangskort, vil ikke have adgang til generalforsam- lingen. Anmodningen skal indeholde en behørigt udfyldt tilmeldingsblanket.

Eventuelle rådgivere skal ligeledes med navns nævnelse og inden for ovennævnte frist løse adgangskort til generalforsamlingen.

Aktionærer kan – i stedet for at afgive deres stemme på selve generalforsamlingen vælge at afgive brevstemme. Aktionærer, der vælger at stemme pr. brev,

skal sende deres brevstemme via e-mail til [email protected] eller til att: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4, således at brevstemmen er Selskabet i hænde senest 6. april kl. 12.00. Afgivne brevstemmer kan ikke tilbagekaldes.

Enhver aktionær kan møde på generalforsamlingen ved fuldmægtig, der i så fald skal fremlægge skriftlig og dateret fuldmagt. Fuldmagtsblanket kan findes på Selskabets hjemmeside: https://investor.spenn.com.

Ved afgivelse af fuldmagt til bestyrelsen skal den udfyldte og underskrevne fuld- magtsblanket være Selskabet i hænde senest 6. april kl. 12.00. Fuldmagten kan sendes til Selskabet pr. e-mail til [email protected] eller til att: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.

Yderligere oplysninger vedrørende generalforsamlingen

Følgende materiale vil være tilgængeligt på Selskabets hjemmeside, https://investor.spenn.com senest den 24. marts 2022:

  • Indkaldelse til ordinær generalforsamling
  • Blanket til stemmeafgivelse pr. brev og afgivelse af fuldmagt
  • Tilmeldingsblanket
  • Udkast til vedtægter
  • Årsrapport 2021
  • Praktisk guide til deltagelse i elektronisk generalforsamling

På vegne af Selskabets bestyrelse

Karl-Anders Grønland Bestyrelsesformand

SPENN Technology A/S: CVR nr.: 26518199

Njalsgade 76, 4.

2300 København S

Tel: +45 8830 0000

www.spenn.com

 English version

SPENN Technology A/S: Notice to convene AGM

The board of directors of SPENN Technology A/S, CVR no. 26 51 81 99 (the ”Company”), hereby convene the annual general meeting according to section 4 of the Company’s articles of association, held Thursday 7 April, 09:00.

The general meeting is held completely by electronic means in accordance with section 77 of the Danish Companies Act and to section 5 of the Company’s articles of association. Thus, there will be no access to physical attendance. Instructions for participation in the virtual general meeting will be available on the Company’s website in the form of a practical guide.

Agenda

  1. Election of a chairman of the meeting
  2. The board of directors’ report on the activities of the Company during the past fiscal year
  3. Presentation of the annual report for approval
  4. Resolution on the distribution of the profit or loss recorded in the annual report adopted by the general meeting
  5. Incentive program for the Company’s management
  6. Election of the board of directors
  7. Election of auditor
  8. Change of the Company’s objects
  9. Miscellaneous.

Ad 1 – Election of chairman of the meeting

The board of directors proposes the election of Peter Kierkegaard as conductor.

Ad 2 – The board of directors’ report on the activities of the Company during the past fiscal year

Reference is made to the report hereof inserted in the annual report.

Ad 3 – Presentation of the annual report for approval

The board of directors submits the annual report 2021 for approval by the general meeting.

Ad 4 – Resolution on the distribution of the profit or loss recorded in the annual report adopted by the general meeting

The Board of Directors proposes that no dividend is paid and that profit for the year of DKK -48.4 million is carried forward.

Ad 5 – Incentive program for the Company’s management

The board of directors wishes the general meeting to give its approval for the members of the Board of Directors to be included in the share incentive programs which replace annually renumeration payments in cash, totally or partly. The renumeration to directors for a period of 3 years shall not exceed 0,75 % of the total share capital and not have a subscription price less than 15 % of the listing price on Nasdaq First North the last 10 bank days prior to the general meeting. The subscription according to such incentive program can only be made 2 years after the general meeting.

Ad 6 – Election of the board of directors 

The current board of directors consisting of Karl-Anders Grønland (Chairman), Jan Fredskilde Andersen, Magne Fretheim, Adiam Nardos Negassie and Petrus Johannes will be standing for re-election.

Ad 7 – Election of auditor

The board of directors proposes that BDO Statsautoriseret Revisionsaktieselskab is re-elected as auditor of the Company.

Ad 8 – Change of the Company’s objects

The board of directors propose that the Company’s objects as stated in section 2 of the Company’s articles of association are changed to:

”The Company’s principal activities are development, maintenance, licensing or sale of IT-systems and consultancy services. Furthermore, the Company invest in companies which can enhance demand of its developed software and IT-systems or companies providing complimentary services. The Company is also active within financial media through its subsidiary Netposten A/S.”

Adoption requirements

Proposals under items 1-7 on the agenda can be adopted by a simple majority, while adoption of the proposal under item 8 requires the adoption of at least 2/3 of both the votes cast and of the share capital represented at the general meeting.

The size of the share capital and the right to vote

The share capital amounts to a nominal amount of DKK 240,137,943.10. Each nominal amount of DKK 0.1 entitles to one vote at the general meeting.

The registration date is March 31, 2022.

Shareholders who hold shares in the Company on the registration date are entitled to attend and vote at the general meeting.

The shares held by the shareholder are calculated on the registration date on the basis of the listing of the shareholder’s shares in the register of shareholders and notices of ownership that the Company has received for entry in the register of shareholders.

Participation is further conditioned by the shareholder registering in time and filling out an access card as described below.

Admission card and proxy

Every shareholder, or proxy for a shareholder, must have a virtual access card to be able to attend the general meeting, which is issued as a link sent by e-mail. The general meeting will be held virtually via the “Google-meet” system. There are no special technical requirements when using the following web browsers: Chrome, Firefox, Safari, and latest version of Edge.

Admission cards are issued to the person who, according to the owner’s register, is listed as a shareholder on the registration date, or as the Company per. the registration date has received due notice from for the purpose of entry in the register of owners.

The registration and proxy form can be downloaded directly from the Company’s website, https://investor.spenn.com no later than 24 March 2022.

Requests for virtual access cards to the general meeting can be made until and including 31 March 2022 at 23.59 via e-mail to [email protected]. After this time, access cards cannot be ordered. Shareholders who have not requested an admission card will not have access to the general meeting. The request must include a duly completed registration form.

Any advisers must also, by name and within the above-mentioned deadline, request admission cards to the general meeting.

Shareholders may – instead of casting their vote at the general meeting itself – choose to cast a postal vote. Shareholders who choose to vote per. letter, must send their postal vote via e-mail to [email protected] or to: Bård Bjerkås, Spenn Technology A / S, c / o NPinvestor A / S, Symbion, Njalsgade 76, 4, so that the postal vote is received by the Company no later than April 6 at 12.00. Casted postal votes cannot be revoked.

Any shareholder may attend the general meeting by proxy, who in that case must present a written and dated proxy. The proxy form can be found on the Company’s website: https://investor.spenn.com.

When submitting a proxy to the board of directors, the completed and signed proxy form must be received by the Company no later than 6 April at 12.00. The proxy can be sent to the Company per. e-mail to [email protected] or to: Bård Bjerkås, Spenn Technology A/S, c/o NPinvestor A/S, Symbion, Njalsgade 76, 4.

Further information regarding the general meeting

The following material will be available on the Company’s website, https://investor.spenn.com no later than 24 March 2022:

  • Notice to convene annual general meeting
  • Postal vote and proxy form
  • Registration form
  • Draft articles of association
  • Annual report 2021
  • Practical guide to participation in the electronic general meeting.

On behalf of the board of directors in the Company

Karl-Anders Grønland

Chairman of the board

SPENN Technology A/S: CVR no.: 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

Categories
News

SPENN Technology A/S: Financial Results 2021: Delivering on growth, net loss 21% better than forecast

SPENN Technology reached its targets for 2021, delivering on revenue growth and operating result.

Company Announcement No. 83

SPENN performed significantly better than forecasted. Operating expenses supporting the company’s growth increased according to plan, but the budgeted loss came in 21% better than previously guided.

Net income for the SPENN Group in the year was better than forecasted due to the sale of subsidiary CPH Crypto A/S and investments in JengaX AS.

The SPENN Group’s revenue amounted to DKK 18.2 million in 2021, up from DKK 0.5 million in 2020. Increase in revenue was driven by Kazang Zambia Ltd, which contributed with DKK 17.2 million to group revenue in 2021. Other subsidiaries contributed with revenues of DKK 1 million.

The SPENN Group reported a loss of DKK 48.4 million in 2021 compared to a loss of DKK 24.9 in 2020, mainly driven by an increase in operating expenses to support the company’s growth.

Employee expenses amounted to DKK 23 million in 2021, up from DKK 10.7 million, as headcount in the SPENN Group increased from 66 to 229 employees.

General and administrative expenses amounted to DKK 42.8 million.

2021 financial result in brief (2020 numbers in parentheses):

  • Revenue: DKK 18.2 million (0.5)
  • EBITDA: DKK -63.6 million (-22.3)
  • Net Income: DKK -48.4 million (-24.9)
  • Basic earnings per share: DKK -0.04
  • Fully diluted shares outstanding: 2.4 billion
  • Total assets at year-end: DKK 116.6 million (25.3)
  • Total shareholder equity at year-end: DKK 75.7 million (22.0)

Executive Management and the Board of Directors have today approved the annual accounts for 2021 and will submit them for final approval from the company’s general meeting 7 April 2022.

Expectations for 2022:
SPENN expects continued strong growth in existing markets and in new markets.

“During the first six weeks of 2022 alone, we have announced entry into two new markets, Uganda and Ghana, and we are continuously exploring new markets. We are keen on introducing SPENN in new countries on the African continent and other continents, to include more people in the financial system, and to offer products and services that are affordable for ordinary people and profitable for SPENN,” says Glaso.

 

Read the full report here: https://investor.spenn.com/wp-content/uploads/2022/03/AnnualReport_2021-1.pdf


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

Categories
News

SPENN Technology A/S: Delayed Financial Results for 2021

Disclosure of SPENN Technology’s financial results for 2021 is delayed.

Company Announcement No. 82

Following acquisitions and expansions in 2021, the SPENN Group now includes more portfolio companies and subsidiaries than ever before. Although the Company has worked very hard on meeting the communicated deadline for publishing its 2021 Annual Report, the audit and consolidation process for the SPENN Group has unfortunately taken longer than expected. We apologize for this and look forward to publishing the 2021 Annual Report to the market shortly.

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