QPR Software Plc launches an accelerated book-building process to complete a directed share issue

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QPR SOFTWARE PLC                  STOCK EXCHANGE RELEASE  AUGUST 22, 2023 AT 6:45 pm EEST

QPR Software Plc launches an accelerated book-building process to complete a directed share issue

QPR Software Plc (the “Company”) hereby announces its intention to issue new shares in the Company (the “Shares”) to a limited number of institutional and qualified investors in deviation of the pre-emptive subscription rights of the shareholders (the “Share Issue”) pursuant to the authorisation granted by the Annual General Meeting of the Company held on May 3, 2023. The Company previously announced on July 3, 2023, that the Company’s Board of Directors was looking into the possibility of conducting a directed share issue during the third quarter of 2023 in order to strengthen the Company’s equity and financial position. Evli Plc (“Evli”) acts as the lead manager for the Share Issue.

The main purpose of the Share Issue is to strengthen the Company’s equity and financial position. Through the Share Issue it is possible to raise equity financing in an accelerated time schedule and in a cost-efficient manner. Based on the careful assessment by the Company’s Board of Directors, the terms of such financing will be more beneficial than the terms that would otherwise be available. Therefore, there are weighty financial reasons for deviating from the shareholders’ pre-emptive subscription right.

The Share Issue will be carried out subject to the fulfilment of certain terms in an accelerated book-building process organized by Evli, in which selected institutional and qualified investors may submit bids for the Shares. The number of Shares issued, and subscription price will be determined by the bids received in the accelerated book-building process. The book-building will commence immediately and is expected to end by 9:00 p.m. EEST on August 22, 2023 at the latest. The book-building may be discontinued or extended at any time during the process. After the close of the book-building process, the Company’s Board of Directors shall make a decision on the Share Issue, including acceptance of the received bids, the number of Shares issued and the subscription price. The final number of issued Shares and subscription price at which the Shares are offered will be published after the close of the book-building process.

The Shares are expected to be registered in the Finnish Trade Register on or about August 23, 2023, and trading in the Shares together with the existing shares of the Company is expected to commence on Nasdaq Helsinki Ltd on or about August 24, 2023 provided that the Share Issue is completed and Nasdaq Helsinki Ltd approves the Company’s listing application. The Shares will rank pari passu in all respects with the existing shares of the Company once they have been registered in the Finnish Trade Register.

For further information:

QPR Software Plc

Mervi Kerkelä-Hiltunen

Chief Financial Officer

Tel. +358 40 563 6146

About QPR Software

QPR Software Plc (Nasdaq Helsinki) provides process mining, performance management, and enterprise architecture solutions for digital transformation, strategy execution, and business process improvement in over 50 countries. QPR software allows customers to gain valuable insights for informed decisions that make a di