Firm Announcement No. 25 -2022
OrderYOYO A/S
Inside Info
OrderYOYO A/S (“OrderYOYO”) is becoming a member of forces with app good
- OrderYOYO and app good have reached an settlement to mix the 2 corporations in a transaction the place OrderYOYO will purchase app good and the app good shareholders will turn into shareholders in OrderYOYO.
- With the transaction, OrderYOYO is creating the most important restaurant liberator in
Europe . app good will add market management inGermany andAustria , in addition to an initiated market entry intoSwitzerland . The mixed firm will probably be market chief in 5 markets, together with the 2 largest takeaway markets inEurope ,UK andGermany . - The mixed firm will probably be effectively positioned for continued growth and for driving additional trade consolidation.
- Each corporations have sturdy manufacturers that will probably be stored within the native markets, i.e. the OrderYOYO model will probably be utilized in
Denmark ,UK andEire and the app good model will probably be utilized inGermany ,Austria andSwitzerland . - The mixed (professional forma) annualized
December 2021 ARR isDKK 173m and the mixed (professional forma) annualizedDecember 2021 GMV isDKK 2,066m . The mixed variety ofRestaurant Companions will probably be greater than 9,000. - The mixed firm will goal an annualized
December 2022 ARR ofDKK 175-190m and an annualizedDecember 2022 GMV ofDKK 2,050-2,200m . Internet income for 2022 with app good consolidated from1 July 2022 is anticipated to beDKK 135-150m and EBITDA for 2022 is anticipated atDKK (10)-0m as integration prices will primarily happen in 2022. Outlook for 2023 for the mixed firm will probably be revealed in reference to the annual report for 2022. - It’s the purpose for the mixed entity to service greater than 25,000
Restaurant Companions by finish 2025. - The transaction values the share capital of app good at
DKK 222m (based mostly on final shut OrderYOYO share value), which will probably be financed through issuance of recent shares in OrderYOYO to the sellers and a money fee. - Closing of the transaction is anticipated to happen on
July 1, 2022 .
About app good
app good, based in 2014, is a fast-growing market chief for store methods and market main in POS methods and digital infrastructure for supply eating places in
app good’s resolution for supply eating places consists of an all-in-one resolution with fashionable digital infrastructure and on-line ordering store system along with a POS resolution tailormade for the takeaway and restaurant market. The corporate focuses on direct gross sales to QSRs with personal supply.
app good has greater than 120 staff and is positioned in
Strategic rationale
The OrderYOYO and app good mixture creates the most important restaurant liberator in
The transaction supplies upsell potential – each methods. app good will leverage OrderYOYO’s advertising options and OrderYOYO is to leverage app good’s personal POS system and create buyer stickiness through mixed choices. It would additionally allow additional scaling of know-how growth efforts. Each corporations have sturdy manufacturers that will probably be stored within the native markets, i.e. the OrderYOYO model will probably be utilized in
The mixed (professional forma) annualized
The outlook for 2022 is up to date, topic to closing of the transaction. The mixed firm will goal an annualized
The transaction
OrderYOYO and app good have reached an settlement to mix the 2 corporations in a transaction the place OrderYOYO will purchase app good and the app good shareholders will turn into shareholders in OrderYOYO. OrderYOYO will purchase sure shares in app good by the use of a share switch, and the remaining shares in app good will probably be contributed in-kind into OrderYOYO in alternate for brand spanking new shares in OrderYOYO.
Fee to the sellers consists of 29,608,901 shares in OrderYOYO and
Based mostly on the shares excellent publish issuance of recent shares, the shareholders in app good will personal 33.9% of the excellent shares in OrderYOYO, and the present shareholders in OrderYOYO will personal 66.1%.
The transaction values the share capital of app good at
app good’s administration will each take vital management positions within the mixed firm.
Up to date outlook and monetary influence from the acquisition are topic to actual timing of closing of the transaction. Closing is anticipated to happen on
Presentation
In reference to the publication of the acquisition, OrderYOYO will host a web-based convention on
Register for the convention at:
https://hcandersencapital643.clickmeeting.com/orderyoyo/register
For added info, please contact
OrderYOYO A/S
Cell (+45) 21 67 84 92
Electronic mail jesper.johansen@orderyoyo.com
OrderYOYO A/S Masnedøgade 26, 2100 Copenhagen Ø
Licensed Advisor
Cell (+45) 31 79 90 00
Grant Thornton Stockholmsgade 45, 2100 Copenhagen Ø
About OrderYOYO
OrderYOYO is a number one European on-line ordering, fee, and advertising software program resolution supplier. OrderYOYO’s resolution is obtainable as Software program-as-a-Service (SaaS) and allows small unbiased takeaway eating places to have their own-branded on-line presence direct to shoppers. OrderYOYO helps takeaway eating places drive on-line takeaway orders by way of their very own tailor-made software program resolution within the particular person takeaway restaurant’s personal model. We liberate eating places.
IMPORTANT INFORMATION
This announcement just isn’t a proposal to promote or a solicitation of any supply to purchase any securities issued by OrderYOYO in any jurisdiction the place such supply or sale could be illegal and the announcement and the knowledge contained herein usually are not for distribution or launch, straight or not directly, in or into such jurisdictions, together with however not restricted to,
This announcement doesn’t represent an providing round, firm description or different supply doc and nothing herein accommodates an providing of securities. Nobody can purchase or subscribe for any securities in OrderYOYO besides as described on this firm announcement.
Neither the present shares of OrderYOYO (the “Current Shares”) nor the brand new shares issued in reference to the transaction (the “New Shares”) have been, or will probably be, registered below america Securities Act of 1933, as amended (“Securities Act”). Neither the Current Shares nor the New Shares could also be provided or bought, straight or not directly, in or into
Sure statements on this announcement represent forward-looking statements. Ahead-looking statements are statements (aside from statements of historic truth) referring to future occasions and the Firm’s anticipated or deliberate monetary and operational efficiency. The phrases “targets”, “believes”, “expects”, “goals”, “intends”, “plans”, “seeks”, “will”, “might”, “may”, “anticipates”, “would”, “may”, “ought to”, “continues”, “estimates” or related expressions or the damaging varieties thereof, establish sure of those forward-looking statements. Different forward-looking statements may be recognized within the context during which the statements are made. OrderYOYO has based mostly these forward-looking statements on its present views with respect to future occasions and monetary efficiency. By their nature, forward-looking statements are based mostly on sure assumptions and projections on future occasions and monetary efficiency, which contain quite a lot of dangers and uncertainties that would trigger precise outcomes or occasions to vary materially from these expressed or implied by the forward-looking statements. These dangers, uncertainties and assumptions may adversely have an effect on the end result and monetary penalties of the plans and occasions described herein. Precise outcomes are prone to differ from these set forth within the forward-looking statements. Any forward-looking statements communicate solely as on the date of this doc and neither the Firm nor any of its respective associates, administrators, officers, staff, advisors, or another individual is below any obligation to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case. You shouldn’t and should not depend on these forward-looking statements.
https://information.cision.com/orderyoyo-a-s/r/orderyoyo-merge-with-german-app-smart—creating-the-largest-restaurant-liberator-in-europe,c3586700
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