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5 March 2025
Announcement no. 376

Rovsing announces intention to carry out a directed share issue and raise gross proceeds of DKK 4 million

Today, the Board of Directors of Rovsing A/S (“Rovsing” or the “Company”) resolved to carry out a directed share issue of new shares (the “Issue”) to new and existing investors and issue up to 114,285 new shares (the “New Shares”), targeting gross proceeds of DKK 4 million as communicated in announcement no. 375. The capital raise aims to support the transition to growth, to ramp up sales activities, as well as to secure adequate working capital to enable increased production flexibility.

The subscription price is set at DKK 35.00 per share corresponding to the 5-day volume-weighted average price as of 5 March 2025 (the "Subscription Price") including a discretionary discount of 7.7% set by the Board of Directors of the Company. The Board of Directors assesses the subscription price is set at market terms.

The issuance of New Shares
The New Shares are issued to a limited number of Danish investors pursuant to and in compliance with the applicable exemptions from the obligation to publish a prospectus according to the Prospectus Regulation (EU) 2017/1129 of 14 June 2017.

The share capital increase from the Issue is carried out without pre-emptive rights for Rovsing’s existing shareholders in accordance with the authorization granted to the Board of Directors and set out in article 5.1.1 of the Articles of Association. All New Shares will be paid in cash. The New Shares will, upon issuance and registration with the Danish Business Authority and admission to trading on Nasdaq Copenhagen, rank pari passu with Rovsing’s existing shares and carry the same rights.

For further information
Rovsing A/S, Hjalti Pall Thorvardarson, CEO; e-mail: hpt@rovsing.dk or Sigurd Hundrup, CFO; email: shu@rovsing.dk

This announcement is not a prospectus and has been prepared on the basis that any offers of securities referred to herein in any Member State of the EEA will be made pursuant to an exemption under Regulation (EU) 2017/1129 on Prospectuses, Article 1(5a).

The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or under the securities laws of any state of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The securities referred to in this announcement are being offered and sold in a private placement only outside the United States.