The subscription price for the warrants of series TO2 in Move About Group AB has been determined to SEK 0.025 and the exercise period starts September 4, 2023NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SOUTH AFRICA, SOUTH KOREA, BELARUS, RUSSIA 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.
Move About Group AB ("Move About" or "the Company") completed a rights issue of units on Nasdaq First North Growth Market in February 2023. Each unit consisted of two (2) shares and one (1) warrant of series TO2. Each warrant of series TO2 entitles to subscribe for one (1) new share in the Company. The exercise price for the warrants of series TO2 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 August 21, 2023, up to and including September 1, 2023, however not higher than SEK 0.81 and not less than 0.025 SEK, which corresponds to 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 0.03, therefore, the exercise price for the warrants of series TO2 is SEK 0.025. The exercise period for warrants of series TO2 runs during the period from and including September 4, 2023, up to and including September 15, 2023. Invested amount is rounded up to two decimal places. If all the warrants of series TO2 are exercised, the Company will receive approximately SEK 0.90 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 September 15, 2023, or sell the warrants no later than September 12, 2023. Please observe that certain nominees might close their application earlier than September 15, 2023.
Summarized terms for the warrants of series TO2:
Exercise period: September 4, 2023 - September 15, 2023.
Issue size: 35,925,993 warrants of series TO2, which entitles to subscription of 35,925,993 shares. If all warrants are exercised, the Company will receive approximately SEK 0.90 million before issuing costs.
Exercise price: SEK 0.025 per share.
Last day for trading warrants of series TO2: September 12, 2023.
Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 898,149.83, from SEK 2,471,599.23 to SEK 3,369,749.05. If all warrants are exercised the number of shares and votes in the Company will increase with 35,925,993 shares, from 98,863,969 shares to 134,789,962 shares. In the event that all warrants of series TO2 are exercised, the dilution amounts to approximately 27 percent of the number of existing shares and votes in the Company.
Please note that warrants that are not exercised on or before September 15, 2023, or sold on or before September 12, 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 the Company's website, www.moveaboutgroup.com, and on Mangold Fondkommission AB's website, www.mangold.se.
Advisers
Mangold Fondkommission AB is financial adviser and Eversheds Sutherland is legal adviser to Move About in connection with the exercise period of the warrants of series TO2. For further information, please contact:
Olof Jonasson, CEO, Move About Group AB
[email protected]
Tel: +46 790 683 811
The following documents can be retrieved from beQuoted
Move-About-Group-AB-Determining-subscription-price-TO2.pdf About Move About Group AB
Move About offers app-based, environmentally friendly and cost-effective mobility solutions to individuals, companies, municipalities and organizations. The Company has developed and owns all intellectual property rights to the cloud-based green tech platform that provides digital access to electric cars, electric bicycles, taxis, subway and parking, all through the same app - around the clock. Every kilometre that the user travels with the electric cars via the platform means reduced CO2 emissions. The Company's comprehensive mobility solutions are based on the Move About app, which gives the user access to the Company's pools of electric cars, bicycles and scooters. Move About also helps companies, municipalities and organizations optimize their fleets by tailoring mobility solutions to their needs. Move About was founded in Oslo, Norway, in 2007 and has approximately 70,000 users on its platform and over 800 electric cars in its vehicle fleet with a presence in Sweden and Germany.
Certified Adviser
The Company's Certified Adviser is Mangold Fondkommission AB.
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 Move About in any jurisdiction, neither from Move About 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, Hong Kong, Japan, Canada, New Zealand, Switzerland, South Africa, the United States, Belarus, Russia 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.
If you want to open the text in your webbrowser
click here
______________________________________________________
This information was sent by beQuoted
If you want more information, please go to www.beQuoted.com
To change your subscription, please inform [email protected] beQuoted Press är en service till Dig som är intresserad av finansiell information. Med beQuoted Press underlättas företagens finansiella kommunikation till Dig och till nyhetsbyråer, aktieägare, placeringsrådgivare och andra intressenter på aktiemarknaden.
Vi hoppas att Du uppskattar denna service.
|
