Circio Holding ASA – Information about the warrants issued in connection with the rights issue and new share capital registered
The Warrants are expected to be delivered to each investors respective VPS accounts on or about 29 July 2024. Each Warrant will give the holder the right to subscribe for and be allocated one additional share in the Company at a subscription price equal to the higher of (i) the volume weighted average price quoted for trades in the Shares on the Company the ten last trading days on the Oslo Stock Exchange prior to commencement of the Exercise Period (as defined below) less a discount of 30%, and (ii) NOK 0.60, and which may be exercised in the period from 08:00 hours (CET) on 4 December 2024 to 16:30 hours (CET) on 18 December 2024 (the "Exercise Period").
Holders of Warrants who do not use the Warrants to subscribe for new shares in the Company will experience a dilution of their shareholding in the Company, for a further description of such dilutive effect reference is made to Section 10.20 "Dilution" in the securities note approved on 18 June 2024 for (the "Securities Note" and together with a registration document supplement and summary, approved on 18 June 2024, and a registration document approved on 28 September 2023 and a registration document supplement approved on 8 March 2024 comprises the "Prospectus"). For more information pertaining to the Warrants, please see the Prospectus prepared in connection with the Rights Issue. The Prospectus is, subject to applicable local securities laws, available at the websites of the Company, https://www.circio.com/en/rights-issue-2024/.
After careful consideration, the board of directors of the Company has decided not to list the Warrants on the Oslo Stock Exchange and the Warrants are therefore not tradeable. Additional information regarding the exercise of the Warrants will be provided closer to the Exercise Period.
Further, the share capital increase related to the Conversion has been registered with the Norwegian Register of Business Enterprises today, 26 July 2024. After this, the Company's new share capital is NOK 14,711,804.40 divided into 24,519,674 shares, each with a nominal value of NOK 0.60.