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MTI Investment: Warrants of series TO1 were subscribed to approximately 48 percent and MTI Investment receives approximately SEK 1.62 million 

Warrants of series TO1 were subscribed to approximately 48 percent and MTI Investment receives approximately SEK 1.62 million

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MTI Investment SE ("MTI Investment" or the "Company") today announces the outcome of the exercise of warrants of series TO1, which were issued in connection with the Company's new issue in connection to the listing on Nasdaq First North Growth Market ("Nasdaq First North") in December 2021. In total, 567,317 warrants of series TO1 were exercised, corresponding to approximately 48 percent of the total number of outstanding warrants of series TO1, for subscription of 567,317 shares at a subscription price of SEK 2.86 per share. MTI Investment will receive approximately SEK 1.62 million before issuing costs through the exercise of the warrants of series TO1.

Background
The subscription period for exercise of the warrants of series TO1 took place during the period from and including February 27, 2023, up to and including March 10, 2023. The subscription price per share for exercising the warrants of series TO1 was set to SEK 2.86.

In total, 567,317 warrants of series TO1 were exercised for subscription of 567,317 shares, meaning that approximately 48 percent of all outstanding warrants of series TO1 were exercised for subscription of shares.

Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to shares within approximately three (3) weeks.

Number of shares, share capital and dilution
Through the exercise of the warrants of series TO1, the number of shares in MTI Investment increases by 567,317 shares, from 5,703,029 shares to a total of 6,270,346 shares. The share capital will increase by EUR 113,463.40, from EUR 1,140,605.80 to EUR 1,254,069.20.

For existing shareholders who did not exercise any warrants of series TO1, the dilution amounts to approximately    9 percent of the number of shares and votes in the Company.

Comment from Pontus Engström, CEO
"We express our sincere gratitude to our shareholders for providing us with the necessary capital to fuel our continued growth. With the capital raised we will be investing approximately SEK 1.3 million (equivalent to USD 125,000) in the booming hotel industry in Zanzibar, in a hotel management company, and the remaining funds will be invested in a joint venture that we expect to disrupt the rice bran grading process in Tanzania with cutting-edge agricultural machinery. Both ventures are expected to yield immediate term positive cash flows."

Advisers
Mangold Fondkommission AB is financial adviser for MTI Investment regarding the warrants.

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
Outcome-TO1-MTI-Investment.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.

This information is information that MTI Investment SE is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the above contact person's agency, at 06:50 CET on March 14, 2023.     

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