Press release from Companies
Published: 2025-05-05 16:37:06
Company announcement no. 09-2025
May 5, 2025
Audientes A/S (“Audientes” or the “Company”), CVR 36047631, announced on May 2, 2025, that convertible loan lender Selandia Alpha Invest A/S (“Selandia”) have exercised their rights to convert part of their loan receivables into shares in the Company.
The conversion rate has now been recalculated to DKK 0.0188 per share of nominal DKK 0.01, based on the volume-weighted average price (VWAP) of the Audientes share on Spotlight Stock Market over the 10 trading days prior to April 30, 2025. This VWAP is higher than the rate communicated in the company announcement issued on May 2, 2025 (CA 08-2025).
The converted loan amount remains DKK 0.5 million, increasing the nominal share capital by DKK 265,830.19 (not DKK 355,350.36 as previously stated). This conversion strengthens Audientes’ balance sheet by reducing outstanding debt and increasing shareholders’ equity.
As a result, the number of shares increases by 26,583,019, bringing the total number of shares to 604,503,740.
Immediately following the loan conversion and share issuance, Selandia will hold 26,583,019 shares, corresponding to approximately 4.4% of the total share capital—thus remaining below the 5% threshold for flagging. The remaining convertible loans from Selandia and two other convertible loan lenders still amount to DKK 826,000, as announced on May 2, 2025.
Steen Thygesen, CEO, Audientes A/S
Phone: +45 77 34 16 80
Email: st@audientes.com
Audientes A/S is a Danish hearing technology company specializing in smart, self-fitting and affordable hearing aids and advanced hearables. Audientes’ mission is to make high-quality hearing aids and hearables for hearing improvement or hearing enhancement accessible to everyone who needs them globally.
Audientes is listed on Spotlight Stock Market Denmark (AUDNTS) and headquartered in Copenhagen, Denmark with subsidiaries in Hyderabad, India and in Tokyo, Japan. Audientes has a 40% stake in a joint venture with Shenzhen Hengtong Partner Co. Ltd. in China.
For more information, please visit our websites www.audientes.com, www.audientes.eu, www.audientes.co.jp, www.audientes.in, or follow us on our social media channels.
