Transaction Description
Gemstone acted as financial advisor in DecideAct’s directed issue. The company agreed with private investor Jens Munch (J. Munch Holding ApS) that he would invest a further DKK 5.2 million into DecideAct through a directed issue. The transaction was agreed at DKK 8.21 per share. This was 13% above the 10-day weighted average share price calculated ending Tuesday, March 8 (incl.) of DKK 7.29 per share. The capital increase resulted in the total issuance of 631,692 new shares and was executed by the Board using the existing authorisation to perform directed issues in the Company’s Articles of Association. By agreeing with an investor who knows the Company well, the transaction was performed without any significant distraction to management.
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Company Description
DecideAct is a provider of SaaS software and solutions that move strategy execution and follow-up from manual execution to a cloud-based Strategy Execution Management platform. By rethinking strategy execution, DecideAct has created a groundbreaking tool relevant to all companies and organisations, public or private, in all industries and geographies. DecideAct can orchestrate the strategic overview for executives and shield them from the constant noise of different strategic projects and programs. And when a business decision is required in line with key strategic priorities, DecideAct can bring order to the business implications so that a portfolio decision can be made on an informed basis, and then help implement the decisions and ensure optimal execution using the software.
