Waturu Holding A/S has filled for an IPO on Nasdaq First North Denmark

Waturu Holding A/S has applied for admission to Nasdaq First North Denmark.


MUST NOT BE PUBLISHED, DISTRIBUTED, OR SUPPLIED OR PARTICULAR, DIRECTLY OR INDIRECTLY, IN OR TO US, AUSTRALIA, CANADA OR JAPAN.

This notice does not constitute a tender document. No person should buy or subscribe for shares in Waturu Holding A/S ("Waturu" or "the Company"), unless this is done on the basis of information in the company description published by the Company in connection with the offering of shares for trading on Nasdaq First North Denmark. The company description is available on the Company's website.

Company Announcement No. 1-2019
Vejle, April 26, 2019

Waturu Holding A/S has applied for admission to Nasdaq First North Denmark. The tender period runs from 29 April to 10 May 2019, and the tender price is DKK 6,875 per share, corresponding to a market value before the offer of DKK 55 million. The maximum offer of new shares is DKK 17.75 million, of which 72% have been signed before the tender period opens.

Waturu is a Danish Greentech company which, based on several years of research and development, has developed a sustainable and intelligent water technology with the overall goal of saving water and energy, and reducing CO2.

The technology acts as a platform technology and is therefore useful in several product areas that use hot or purified water. The website Waturu.com contains examples of how the technology can be used in different products.

The company's decentralized tank-free water heater, instantly delivers hot, bacteria-free water, with an energy efficiency close to 100%, saving up to 75% water and up to 94% energy, compared to a district heating solution with circulation. The company's water heater is a point-of-use device that heats the water directly through the transfer of energy, at the tapping point, thereby eliminating the existing circulation loss for hot water.


The company's CEO Toke Reedtz says:
“The consequences of rising global temperatures are evident. Extreme weather, escalating poles melting and rising sea temperatures already have significant human, environmental, and economic consequences in terms of loss of human lives, climate refugees, and destroy billions of dollars in value. Earth is challenged by climate change and we need to change direction by becoming more energy efficient and reducing CO2 emissions, and protecting our limited water resources. We must do everything possible to reverse the negative effects on the climate, if not for ours, then for the sake of future generations.

Part of the solution is new green technology and this is where you find our company - Waturu Holding A/S. Waturu is not just another app or an IT system that can monitor data. We develop climate technology that can make a difference globally. For example, we save energy and water with our decentralized "tankless" hot water unit. The technology also makes it possible to clean and reuse waste water in certain contexts.

Most hot water systems heat the water 24 hours a day, although there is no consumption in the vast majority of the time, for example at night. It is like never turning off your car, and it is unthinkable - but guess what? That's exactly how the general hot water system works. Why? Because they are based on old technology.

Our vision is that we no longer need to heat and circulate water in large buildings, but instead heat the water at the tap. We are launching a brand new type of technology, which is based on electricity, and which can lower water consumption by up to 75% and energy consumption by up to 94%. At the same time, better comfort is delivered compared to current circulation solutions. Instantly hot water delivered with 99% energy efficiency! That is innovation that is good for the climate and for you as an investor. We must ensure the transition to electricity in our hot water infrastructure. This is the wise decision, as electricity can already and will be produced locally in the future, thus ensuring a 100% CO2 neutral, hot water solution.

The global potential of our hot water technology is unlimited. Imagine all properties - big and small. In addition, products with built-in heat technology (OEM products) such as dishwashers, washing machines, coffee machines and many other specialized products that heat or clean water.

From the start, we have had a strong focus on commercial real estate and OEM products. We want to build the next big Danish industrial company with local automated production.

A company that can support global demand for water and energy saving products. You can call it "cleantech" or "sustainable technology" or all the other buzzwords. But for us it is about components that together create energy-efficient and water-saving products of world class! ”

The proceeds from the IPO are earmarked for the initiation of automated Danish production, as well as scaling of the organization and product development, in order to meet the entered distribution agreement with Saint Gobain. The expectation is a sale of 25,000 pcs. in Denmark through VVS wholesaler Brd. Dahl, over the next 3 years.

It is the company's ambition to become a leading international manufacturer of new sustainable water technology in the areas of Hot Water, Integrated Solutions (OEM) and purification of water. The company expects to be able to realize revenue of more than DKK 100 million in 2023, distributed among the three business areas. The proceeds are earmarked growth and must be used to establish a Danish automated production, increase the company's investments in sales and marketing, strengthen the organization and further develop the water technology for other OEM products.


Business description and information meetings

Company description, subscription form and further information is available via the company's website, waturu.com / waturu.dk.
The company description is also available as a link at the bottom of this press release.


In collaboration with Nordnet, an information meeting is held in Copenhagen. For more information, see the website waturu.dk, or nordnet.dk.

The company participates in the radio program "Milionærklubben" on Radio 24/7, April 30, 2019, at. 9.00.

A live interview will be held on May 1st at. 19.00, in cooperation with the Equity Portfolio, where potential investors have the opportunity to ask questions to CEO Toke Reedtz.

 

OFFER IN THE MAIN FEATURE

• The expected gross proceeds are DKK 16 - 17.75 million.

• Only new shares are offered

• The offer price is DKK 6,875, corresponding to a market value of Waturu before the offer of DKK 55 million.

• The tender period runs from 29 April to 10 May 2019

• Publication of the result of the offering is expected to take place on May 13 and the first trading day is expected to be May 20.

Details of the offer and admission to trading

Offer period: 29 April 2019 - 10 May 2019.

Offer price: DKK 6,875 pr. share of nominally DKK 0.05.

 

Number of shares before the offer: 8,000,000 pcs.

 

Market value:
Based on the offer price, the market value of the Company is DKK 55 million per share as of the date of the business description.

 

New Offered Shares:
The Offering comprises a maximum of 2,581,818 new shares, corresponding to gross proceeds of DKK 17.75 million. The minimum supply is 2,327,273 new shares, corresponding to gross proceeds of DKK 16 million. If there are no investors for the minimum offering of 2,327,273 units, the offer will not be completed.

 

72% of the maximum offer of DKK 17.75 million has been signed before the tender period opens.


Existing Shareholders:
None of the existing shareholders sell shares at the offering and they are all subject to lock-up for a period of 12 months for 100% of their current shares.

 

Submission of subscription orders:
The new shares can be subscribed by submitting an electronic subscription order via the investor's own account-holding bank or by submitting the subscription form to the investor's own account-holding bank.

Minimum drawing is 600 shares corresponding to DKK 4,125 per Subscription orders.

Publication of the results of the tender is expected to take place on 13 May 2019.

 

ISIN code and symbol:
The company has one share class. The new shares are settled in a temporary ISIN DK0061134863 upon completion of the tender. When the share capital increase is registered with the Danish Business Authority, the new shares will be issued and admitted to trading in the same permanent ISIN code as the existing shares. The permanent ISIN code for the shares is DK0061134780 and the shares have been applied for trading under the symbol "WATURU".

Admission to trading:
The new shares and the existing shares are conditionally approved for admission to trading on Nasdaq First North Denmark, subject to completion of the offering and fulfillment of Nasdaq First North Denmark's requirements for shareholder spread and Free Float. The first trading day for the shares on Nasdaq First North Denmark is expected to be May 20, 2019.

 

Placement:
Västra Hammen Corporate Finance AB acts as a Certified Adviser and Bookrunner in connection with the offering and Danske Bank A/S acts as a settlement agent.

 

Further information: CEO Toke Reedtz, tel: +45 5188 1262, e-mail: toke@waturu.com.

Waturu Holding A / S

Sjællandsgade 32, 1st th.

7100 Vejle

www.waturu.com

Certified Adviser

Västra Hammen Corporate Finance AB

Per Lönn, tel. +46 40 200 255

Jungmansgatan 12

211 11 Malmö

Sweden www.vhcorp.se


Important information

This notice does not constitute a business description or prospectus. No person should buy or subscribe for shares in Waturu Holding A/S, unless this is done on the basis of information in the company description published by Waturu in connection with the offering and admission of shares to trading on Nasdaq First North Denmark. The company description is available on the Company's website. This notice does not constitute an offer to sell or an invitation to offer to purchase shares issued by the Company in any jurisdiction where such offer or sale would be illegal and the notice and information contained therein may not be directly or indirectly distributed or disclosed in or to such jurisdictions. The offering is carried out in accordance with Danish law and the new shares are only offered in Denmark. Relationships dealt with in this Communication may constitute forward-looking statements that do not constitute historical facts. The forward-looking statements in this announcement are based on a number of assumptions, many of which are based on additional assumptions. Although Waturu estimates that these assumptions were reasonable as they were made, they are inherently associated with significant known and unknown risks, uncertainties, unforeseen events, and other material issues that are difficult or impossible to predict or beyond the control of the Company. Such risks, uncertainties, unforeseen events, and other material matters may cause actual events to differ materially from the expectations expressed or implied in the forward-looking statements contained herein. The information, views and forward-looking statements contained in this notice apply only to the date of publication of this notice and is subject to change without notice.


Merete ReedtzComment