The board of directors of
As previously communicated in connection with the Rights Issue, the guarantors, in accordance with the guarantee agreements entered into, had the option to choose to receive guarantee compensation in the form of cash or newly issued shares in the Company. Cidro Förvaltning AB,
The reason for deviating from the shareholders' preferential rights in the Compensation Issue is to fulfill the guarantee agreements that were a prerequisite for enabling the capital raise carried out through the Rights Issue, and it was deemed favorable for the Company as the Company retains a larger share of the proceeds if guarantee compensation is provided in newly issued shares instead of cash.
In accordance with the guarantee agreements, the subscription price in the Compensation Issue should correspond to the volume-weighted average share price (VWAP) of the Company's shares on Nasdaq First North Growth Market during the subscription period of the Rights Issue (i. e., during the period
As a result of the fact that certain Guarantors entitled to subscribe for shares through the Compensation Issue increase their ownership in the Company in a way that triggers the obligation to report according to the Foreign Direct Investment Screening Act (2023:560), allocation in this part will occur once necessary approvals have been obtained, which is expected to take place in early 2024. 6,450,519 shares have been subscribed and allocated in the Compensation Issue, and the board has decided that payment shall be made by offsetting each guarantor's claim on the Company, totaling
Through the Compensation Issue, the number of shares in the Company increases by a total of 6,450,519 shares, and the share capital by a total of
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The information was submitted for publication, through the agency of the contact person set out above, at [2023-12-13 08:00] CET.
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