ELMO Rent AS (registry code 12994939, Kivi 12, 76805 Paldiski city, Estonia, ELMO Rent) hereby announces the public offering of its shares. The public offering is based on the Company Description available at https://elmorent.ee/wp-content/uploads/2021/06/ELMO-Rent-IPO-tutvustus.pdf. As the total amount of the offering is below EUR 2,500,000, no prospectus is drafted and published.

ELMO Rent will offer up to 120,000 new shares and reserves a right to increase the offering by up to 80,000 shares, thus in total of up to 200,000 shares. The proceeds of the offering, in the amounts between EUR 600,000.00 and EUR 1,000,000.00, are planned to be used for developing ELMO Rent car rental and the technology related to it as well as for shaping the rental of electric cars to a daily habit of consumers and scaling it globally.

The offering is projected at retail and institutional investors in Estonia. ELMO Rent has submitted an application for admission of its shares, including shares issued in the course of the offer, to trading on the multilateral trading facility First North.

 

Overview of the essential terms of the offering:

  1. Offering period during which the shares can be subscribed for starts on 4 June 2021 at 10:00 and ends 14 June 2021 at 16:00 (Estonian time).
  2. The offer price is fixed at EUR 5.00 of which EUR 0,10 is the nominal value and 4,90 is issue premium. Only whole numbers of shares can be subscribed for.
  3. Retail investor wishing to submit a subscription order must contact the administrator of the securities account opened in his or her Estonian Register of Securities for this purpose.
  4. ELMO Rent has one class of shares and the offered shares belong to the same class.

 

IMPORTANT DATES

The indicative timetable of the offering is the following:

4 June 2021 Start of offering period
14 June 2021 End of offering period
On or about 15 June 2021 Announcement on the results of the offering
On or about 17 June 2021 Settlement of the offering
On or about 1 July 2021 First trading day on Nasdaq Tallinn First North

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