NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO
The board of directors of
Subscription and allotment
In total 19,987,675 units, corresponding to approximately 58 percent of the Rights Issue, were subscribed for by exercise of unit rights, and 1,583,524 units, corresponding to approximately 5 percent of the Rights Issue, were subscribed for without unit rights. The Rights Issue is thus subscribed to a total of approximately 63 percent and no issue guarantees will need to be used. Through the Rights Issue,
Each unit consists of two (2) shares and one (1) warrant series TO 4. One (1) warrant series TO 4 entitles the rights to subscribe for one (1) new share in the Company at a subscription price corresponding to seventy (70) percent of the volume weighted average price of the Company’s share on Nasdaq Stockholm during the period from and including
Allocation of units subscribed for without unit rights has been made in accordance with the allocation principles described in the prospectus that has been prepared in connection with the Rights Issue and published by the Company on
Change in share capital and number of shares as well as dilution
Through the Rights Issue, the number of shares in
In connection with the Rights Issue, the Company has entered into agreements on guarantee commitments. For the guarantee commitments, guarantee compensation is paid, either in cash compensation amounting to eleven (11) percent of the guaranteed amount, or alternatively fourteen (14) percent of the guaranteed amount in the form of newly issued units in the Company, on the same terms and conditions as units in the Rights Issue, however the subscription price per unit shall correspond to the volume weighted average share price for the Company’s share on Nasdaq Stockholm during the subscription period in the Rights Issue (i.e. during the period 22 January –
Trading in BTU
Trading in BTU (Sw. betald tecknad unit) takes place on Nasdaq Stockholm under the short name SANION BTU until the Rights Issue has been registered with the Swedish Companies Registration Office (Sw. Bolagsverket), which is estimated to take place around week 8, 2024. After approximately one week, BTU will then be converted to shares and warrants. Trading in the shares and warrants will thereafter take place on Nasdaq Stockholm as soon as possible after completed registration with the Swedish Companies Registration Office.
Advisers
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