Zwipe to list at Nasdaq First North

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Zwipe to list at Nasdaq First North
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Zwipe to list at Nasdaq First North

OSLO, NORWAY - 14 January 2020 - Biometric technology company Zwipe AS (Zwipe) today announces that it expects to list its shares for trading on Nasdaq First North Growth Market (First North) in Stockholm, under the ticker “ZWIPE". The first day of trading is planned for Tuesday 28 January 2020. First North has assessed Zwipe and confirmed that Zwipe fulfils requirements for listing, subject to customary conditions, including distribution requirements and final formal approval from First North. Zwipe will not issue new shares in connection with the Firth North listing.

Currently Zwipe is listed on Merkur Market at Oslo Børs under the ticker "ZWIPE-ME". Following the listing at First North, Zwipe will be dual-listed and traded on both markets until further notice. The ISIN number of Zwipe at both exchanges is NO0010721277.

Swedish and international shareholders who wish to transfer their shares for trading on First North are advised to contact their respective broker/nominee account manager for more information on the transfer. Such transfer means that Zwipe shares must be made available for trading through Euroclear Sweden (the Swedish central securities depository). Zwipe intends to facilitate transfer to Euroclear Sweden for its international investors during dedicated periods of time.

Norwegian shareholders and other shareholders wishing to continue trading their shares at Merkur Market at Oslo Børs do not need to take any action at this time.

André Løvestam, CEO of Zwipe says ”I am excited that Nasdaq First North has confirmed that Zwipe fulfils the listing requirements, subject to customary conditions being met, and that I can announce the expected listing at First North in Stockholm on January 28, thereby enabling a market for trading closer to a number of our shareholders. Nasdaq First North is a dynamic and growing market, and we are very pleased to welcome our shareholders to trading at First North in addition to Merkur Market."

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market.

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For further information please contact: André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe AS - Registration of share capital increase

OSLO, NORWAY– 06 January 2020 -The share capital increase pertaining to the rights issue in Zwipe AS as resolved by the extraordinary general meeting of the company on 2 December 2019 has today been registered in the Norwegian Register of Business Enterprises. The new share capital is NOK 2,552,526.10, and the new number of shares and votes is 25,525,261.

This information is made public in accordance with the continuing obligations of companies admitted to trading on Merkur Market section 9.4 (3).

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For further information please contact: André Løvestam, CEO ir@zwipe.com +47 909 43 660

Kim Humborstad resigns from Board of Directors

OSLO, NORWAY - 21 December 2019 - Kim Humborstad, founder and deputy chairman of the board, has today informed the board that he resigns from the board, effective as of now.

“I've had an amazing journey with Zwipe for the past decade, however it is time for me to step down to focus on new opportunities. I wish everyone in the company success and will forever be a great supporter of Zwipe”, says Kim Humborstad.

“On behalf of Zwipe, I would like to thank Kim for his valuable contributions over the years and wish him all the best for the future,” says Jörgen Lantto, chairman of the board.

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For further information please contact: André Løvestam, CEO ir@zwipe.com +47 909 43 660

Zwipe AS- Results of Rights Issue

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

OSLO, NORWAY– 19 December 2019 - The subscription period for the rights issue (the "Rights Issue") in Zwipe AS (the "Company") expired at 16:30 hours (CET) today, 19 December 2019. At the expiry of the subscription period, the Company had received subscriptions which together with underwritten shares provide for a total of 9 571 973 new shares of the up to 10,635,525 new shares (the "Offer Shares") offered under the Rights Issue.

The final allocation of the Offer Shares in the Rights Issue has now been completed based on the allocation criteria set out in the Company's prospectus dated 4 December 2019 (the "Prospectus").

2 018 740 Offer Shares, constituting 19% of the Offer Shares, were subscribed for and allocated through a combination of exercise of subscription rights and subscription without subscription rights. Thus 7 553 233 Offer Shares, constituting 71% of the Offer Shares, will be allocated to underwriters. Total subscription in the Rights Issue amounts to NOK 67.0 million, corresponding to 90% of the Offer Shares.

The following primary insiders, including their close associates, have been allocated Offer Shares, each at a subscription price of NOK 7.00, in accordance with allocation principles set out in the Prospectus:

  • Jörgen Lantto, chairman of the Company, has been allocated 213 333 Offer Shares. Mr. Lantto's shareholding after completion of the Rights Issue will be 533 333 shares.
  • Dennis Jones, board member of the Company, has been allocated 25 000 Offer Shares. Mr. Jones's shareholding after completion of the Rights Issue will be 62 500 shares.
  • Quintilis AS, controlled by Espen Tøndel, board member of the Company, has been allocated 14 285 Offer Shares. Mr. Tøndel's and his close associates' shareholding after completion of the Rights Issue will be 45 637 shares.
  • Johan Biehl, board member of the Company, has been allocated 10 714 Offer Shares. Mr. Biehl's shareholding after completion of the Rights Issue will be 200 714 shares.
  • Energetic AS, controlled by André Løvestam, CEO of the Company, has been allocated 11 111 Offer Shares. André Løvestam and his close associates will after completion of the Rights Issue own 151 111 shares in the Company.
  • Robert Müller, CTO of the Company, has been allocated 28 572 Offer Shares. Mr. Müller's shareholding after completion of the Rights Issue will be 28 572 shares.

Based on the above, the Company expects that a total of 9 571 973 Offer Shares, constituting 90% of the Offer Shares, for a total subscription amount of NOK 67 003 811, will be subscribed for and have been allocated.

Notifications of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed tomorrow, Friday 20 December 2019. Payment for the allocated shares falls due on 27 December 2019 in accordance with the payment procedures described in the Prospectus.

The new shares may not be transferred or traded before they have been fully paid and the share capital increase pertaining to the Rights Issue has been registered with the Norwegian Register of Business Enterprises (Norw. Foretaksregisteret). It is expected that the share capital increase will be registered in the Norwegian Register of Business Enterprises on or about 6 January 2020.

The Offer Shares will be transferred to the VPS accounts of the subscribers on or about 6 January 2019 and admitted to trading on the Oslo Stock Exchange on or about 7 January 2019.

Erik Penser Bank AB (publ.) is acting as book runner in the Rights Issue. Advokatfirmaet Simonsen Vogt Wiig AS is acting as legal counsel to the Company.

This information is subject to disclosure requirements pursuant to the Continuing obligations of companies admitted to trading on Merkur Market sections 3.1.1 and 6.2.


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For further information please contact: André Løvestam, CEO ir@zwipe.com +47 909 43 660


Zwipe prepares for Nasdaq First North Listing

OSLO, NORWAY– 11 December 2019 - Biometric technology company Zwipe has applied for screening at Nasdaq First North Growth Market, prior to a formal listing application.

The submission for screening initiates a two-step application process. Zwipe has previously communicated its intent to explore listing at Nasdaq First North Growth Market and is now taking the first formal step towards listing. The tentative ambition given a successful process is to commence trading at First North early Q1 2020.

Commenting on the application, CEO André Løvestam said “Listing at Nasdaq First North Growth Market is a significant step for Zwipe, and I am looking forward to trading on a vibrant market closer to the majority of our investors.”

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For more information please contact: André Løvestam, CEO, +47 930 44 040 info@zwipe.com

Zwipe AS: Transactions by primary insiders

OSLO, NORWAY - 05 December 2019 - Reference is made to the announcement made by Zwipe AS (the Company) on 10 November 2019 of the preferential rights issue of up to NOK 74.5 million by issuing up to 10,635,525 new shares in the Company, and the announcement on 2 December 2019 of the approval by the extraordinary general meeting in the Company of the preferential rights issue.

The subscription rights connected to the rights issue will be credited to and registered on each existing shareholder's VPS account on 5 December 2019. Each shareholder will be granted one subscription right for each existing share. Three subscription rights will give the right to subscribe for, and be allocated, two shares in the rights issue.

Primary insider Jörgen Lantto, chairman of the Company, will be granted 320,000 subscription rights and entered into commitments on 7 November 2019 to subscribe for 213,333 shares in the rights issue at a subscription price per share of NOK 7.00. Mr. Lantto's shareholding after completion of the rights issue will be 533,333 shares.

Primary insider Dennis Jones, board member of the Company, will be granted 37,500 subscription rights and entered into commitments on 7 November 2019 to subscribe for 25,000 shares in the rights issue at a subscription price per share of NOK 7.00. Mr. Jones's shareholding after completion of the rights issue will be 62,500 shares.

Primary insider Espen Tøndel, board member of the Company, will be granted 31,352 subscription rights and entered into commitments on 7 November 2019 to subscribe for 14,286 shares in the rights issue at a subscription price per share of NOK 7.00. Mr. Tøndel's shareholding after completion of the rights issue will be 45,638 shares.

Primary insider Johan Biehl, board member of the Company, will be granted 190,000 subscription rights and entered into commitments on 7 November 2019 to subscribe for 10,714 shares in the rights issue at a subscription price per share of NOK 7.00. In addition, Mr. Biehl entered into agreements to transfer 173,929 subscription rights to pre-committing investors and underwriters without consideration on 7 November 2019. Mr. Biehl's shareholding after completion of the rights issue will be 200,714 shares.

Primary insider Energetic AS, owned by André Løvestam, CEO of the Company, will be granted 140,000 subscription rights and entered into commitments on 4 December 2019 to subscribe for 11,111 shares in the rights issue at a subscription price per share of NOK 7.00. In addition, Energetic AS entered into agreements to transfer 123,333 subscription rights to pre-committing investors and underwriters without consideration on 7 November 2019. Energetic AS' shareholding after completion of the rights issue will be 151,111 shares.

Primary insider Robert Müller, CTO of the Company, is not currently a shareholder, but has entered into commitments on 7 November 2019 to subscribe for 28,572 shares in the rights issue at a subscription price per share of NOK 7.00. Mr. Müller's shareholding after completion of the rights issue will be 28,572 shares.

Primary insider Photon Future Ltd, represented on the board of directors of the Company by the board members Samuel Chester and Dorian Barak, will be granted 915,869 subscription rights and entered into agreements to transfer 915,869 subscription rights to pre-committing investors and underwriters without consideration on 7 November 2019. Photon Future Ltd's shareholding after completion of the rights issue will be 915,869 shares.

Primary insider Launch AS, owned by the board member Kim Humborstad will be granted 849,298 subscription rights and entered into agreements to transfer 849,298 subscription rights to pre-committing investors and underwriters without consideration on 7 November 2019. Launch AS' shareholding after completion of the rights issue will be 849,298 shares.

Primary insider Feat Invest AB, represented on the board of directors of the Company by Zwipe board member Johan Biehl, will be granted 301,500 subscription rights and entered into agreements to transfer 251,500 subscription rights to pre-committing investors and underwriters without consideration on 7 November 2019. Feat Invest AB's shareholding after completion of the rights issue will be 301,500 shares.

This information is subject to the disclosure requirements pursuant to section 6.2 of the Continuing obligations of companies admitted to trading on Merkur Market.

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For further information please contact: André Løvestam, CEO ir@zwipe.com +47 909 43 660