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Relesys A/S announces request for removal from trading and expected commencement of compulsory redemption of minority shareholde

11:36 / 13 May 2024 Relesys Press release

Relesys A/S | Company Announcement
Company announcement no. 9-2024
Copenhagen, 13 May 2024

Request for removal from trading on Nasdaq First North Growth Market Denmark

In continuation of company announcements no 4-2024 and no. 8-2024 with respect to the sale of approximately 93.5% of the shares in Relesys A/S ("Relesys") to Copilot Capital Limited ("Copilot"), Relesys hereby announces that it has submitted a request to Nasdaq Copenhagen A/S ("Nasdaq") for the removal of trading of its shares on Nasdaq First North Growth Market Denmark, upon request from Copilot.

The request is based on the simplified procedure pursuant to rule 2.6(c)(i) of supplement D to the Nasdaq First North Growth Market Rulebook for Issuers of Shares dated 19 April 2024 as Copilot now holds more than 90% of the shares and the voting rights in Relesys.

Subject to approval from Nasdaq, the last day of trading of Relesys' shares on Nasdaq First North Growth Market Denmark is expected to be on 14 May 2024.

Expected commencement of compulsory redemption

Furthermore, Relesys has been informed that Copilot intends to exercise its rights under sections 70 and 72 of the Danish Companies Act, meaning that all remaining minority shareholders of Relesys are expected to be requested to transfer their remaining shares in Relesys to Copilot.

The compulsory redemption will be requested in a separate notice which will be published in Euronext Securities and the Danish Business Authority, expectedly on or around 15 May 2024. Pursuant to the compulsory redemption, shareholders will have a four-week period to sell their shares to Copilot. After the four-week period, all remaining shares will be compulsory redeemed.  

Certified Adviser for Relesys
Grant Thornton
Stockholmsgade 45
2100 Copenhagen Ø


Relesys is a Software-as-a-Service (SaaS) company founded with the sole purpose of creating a more engaged and united workforce. The communication and performance platform enables companies to strengthen their internal communication and performance by providing employees access via an intuitive user-friendly app, with all the information they need to succeed with their jobs, thus improving the overall performance. Relesys has a strong product-market-fit within the retail industry, but the platform has proven valuable for other industries where a large proportion of the workforce is not working from a desk in front of a computer and who are isolated from the rest of the organization. Relesys provides a scalable software solution and has already a proven track record internationally. At the end of 2023, Relesys had 196 clients with more than 396,000 licenses in 97 countries and supports 33 different languages. The customer base of Relesys includes brands such as Salling Group, COOP, NorgesGruppen, Specsavers, Bauhaus, Matas, Telia, Carlsberg Danmark, Amcor, and Vestas, together with several other market-leading brands.

Copilot is a lower mid-market buyout fund dedicated to growing the next generation of European software and data champions. Copilot strategically partners with companies generating €5-€15 million in annual recurring revenue (ARR), guiding them on a path to €50 million ARR and beyond.

Copilot employs proven, repeatable strategies designed to accelerate the growth of market leading products. Copilot's active approach embraces calculated risk-taking and aims for excellence. 

Copilot is based in London. Find out more here:

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