The subscription price for the warrants of series TO1 in MTI Investment SE has been determined to SEK 2.86 and the subscription period starts February 27, 2023NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, BELARUS, CANADA, NEW ZEALAND, HONG KONG, JAPAN, RUSSIA, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.
In connection with MTI Investment SE's ("MTI Investment" or the "Company") listing on Nasdaq First North Growth Market in December 2021, the Company carried out a new issue of a total number of 591,359 units. Each unit consisted of three (3) shares and two (2) warrants of series TO1. The exercise price for the warrants of series TO1 have been determined to 70 percent of the volume-weighted average price in the Company's share on Nasdaq First North Growth Market during the measurement period, which ran from and including February 10, 2023, up to and including February 23, 2023, however not higher than SEK 20.10 and not less than the quota value of the Company's shares. During the measurement period, the volume-weighted average price in the Company's share was approximately SEK 4.09, therefore, the exercise price for the warrants of series TO1 is SEK 2.86. The subscription period for warrants of series TO1 runs during the period from and including February 27, 2023, up to and including March 10, 2023. If all the warrants of series TO1 are exercised, the Company will receive approximately SEK 3.38 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than March 10, 2023 or sell the warrants no later than March 8, 2023. Please observe that certain nominees might close their application earlier than March 10, 2023.
Summarized terms for the warrants of series TO1:
Subscription period: February 27, 2023 - March 10, 2023.
Issue size: 1,182,718 warrants of series TO1, which entitles to subscription of 1,182,718 shares. If all warrants are exercised, the Company will receive approximately SEK 3.38 million before issuing costs.
Exercise price: SEK 2.86 per share.
Last day for trading warrants of series TO1: March 8, 2023.
Share capital and dilution: If all warrants are exercised the share capital will increase with EUR 236,543.60, from EUR 1,140,605.80 to EUR 1,377,149.40. If all warrants are exercised the number of shares and votes in the Company will increase with 1,182,718 shares, from 5,703,029 shares to 6,885,747 shares. In the event that all warrants of series TO1 are exercised, the dilution amounts to approximately 17 percent of the number of shares and votes in the Company.
Please note that warrants that are not exercised no later than March 10, 2023, or sold no later than March 8, 2023, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.
How warrants are exercised:
Nominee-registered warrants (Custody account)
Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.
Direct-registered warrants (Securities account)
No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.
The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.
The application form including instructions for payment will be available at MTI Investment's website, www.mti-investment.com, and on Mangold Fondkommission AB's website, www.mangold.se.
Advisers
Mangold Fondkommission AB is financial adviser for MTI Investment regarding the warrants.
For questions regarding the warrants, please contact:
Mangold Fondkommission AB
Tel: +46 8 5030 1595
E-mail: [email protected]
For further information about MTI Investment, please contact:
Pontus Engström, CEO, MTI Investment SE
Tel: +46 70 716 55 38
E-mail: [email protected]
The following documents can be retrieved from beQuoted
MTI-Determining-exercise-price-TO1.pdf About MTI Investment
MTI Investment SE is a Nordic investment and venture-building company, founded in 2014 by a team with extensive experience in emerging markets to invest in East African small and medium-sized enterprises ("SMEs") with high value-adding potential. The Company is active in the expansive East African market, and by being a long-term and active owner, MTI Investment helps its portfolio companies grow faster and become more profitable. The Company invests primarily in innovative and scalable companies that have the potential for a significant positive impact on society.
The MTI Investment share (MTI) is traded on the Nasdaq First North Growth Market.
Certified Adviser to MTI Investment is Mangold Fondkommission AB.
Read more on: www.mti-investment.com
Important information
The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in MTI Investment in any jurisdiction, neither from MTI Investment nor anyone else.
This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Belarus, Hong Kong, Japan, Canada, New Zealand, Russia, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.
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