VEF CEO increases stake in the Company
Vostok Emerging Finance Ltd (“VEF” or “the Company”) today announced that David Nangle, CEO of VEF, has increased his stake in the Company by way of exercising 1,905,000 outstanding warrants. The strike price of the five-year warrants was SEK 1.46. As part of the exercise, David Nangle has sold 1,021,000 SDRs in the Company to cover the subscription price, commonly known as an exersale.
Following the exercise of the warrants, VEF has issued and additional 1,905,000 common shares. The total outstanding number of shares in the Company, excluding reclassifiable incentive shares under the Company’s long-term incentive programs, is 663,400,995.