MeeW A/S (“MeeW” or the “Company”) today announces that the Company is cancelling its initial public offering (IPO). Also, the entire Board announces that it will step down as Board Members.
Today, on 8 March 2023, the Board of Directors of MeeW A/S has decided to cancel the plan to list the Company at the Spotlight Stockmarket.
The entire Board, Chairman of the Board, Sam Jalaei, vice chairman Anders Wall, and board members Gitte Jürgens and Thomas Ramsøy, has decided that they will leave the Board with immediate effect.
Resigning Chairman of the Board, Sam Jalaei says: “Since we learned about Armin Kavousi’s misuse of titles yesterday, we have tried to re-establish the necessary confidence among investors, but we must realize that it has not been possible. The Board has therefore decided to cancel the plans to list the Company. We believe that this is the right decision for the Company, investors, and the market, under these circumstances. The Board has also decided to step down as board members, effective immediately since we don’t believe that we are the right persons to take the Company forward from here”.
Peter Funch, co-founder of MeeW and CEO says: “This is of course a new situation for MeeW, and we therefore need to access the situation. MeeW has a strong customer portfolio and a solid pipeline for 2023, and a team of very talented people. While we consider how to unfold the company’s growth opportunities, we will continue to deliver strong solutions for our customers. We are in the process of forming a new board. “
Those from the public who have notified acquisition of shares in the issue will thus not become shareholders in the Company and thus not be liable for payment for the notification of acquisition of shares made during the subscription period.
This disclosure contains information that Meew is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 17:30, 8 March 2023.
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MeeW is a group of independent subsidiaries and brands with a common focus on being a tech venture builder within technology, digitalization, and automation. The main area of business within the Group is SaaS development, IT consultancy, and IT investments. With a mission to build own market leading brands, investing in promising tech companies and develop groundbreaking services, MeeW aims to build a digital bridge between the technology of today and future generations.