Bifogade filer
Move-About-Group-AB-Outcome-TO2.pdf
Kurs & Likviditet
Beskrivning
| Land | Sverige |
|---|---|
| Lista | First North Stockholm |
| Sektor | Tjänster |
| Industri | Fordon & Transport |
NOT 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 (publ) ("Move About" or "the Company") today announces the outcome of the exercise of warrants of series TO2, which were issued in connection with the Company's rights issue of units on Nasdaq First North Growth Market in February 2023. In total, 4,796,507 warrants of series TO2 were exercised, corresponding to approximately 13 percent of the total number of outstanding warrants of series TO2, for subscription of 4,796,507 shares at a subscription price of SEK 0.025 per share. Move About will receive approximately SEK 0.12 million before issuing costs through the exercise of the warrants of series TO2.
Background
The exercise period for exercise of the warrants of series TO2 took place during the period from and including September 4, 2023, up to and including September 15, 2023. The subscription price per share for exercising the warrants of series TO2 was set to SEK 0.025.
In total, 4,796,507 warrants of series TO2 were exercised for subscription 4,796,507 shares, meaning that approximately 13 percent of all outstanding warrants of series TO2 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 TO2, the number of shares in Move About increases by 4,796,507 shares, from 98,863,969 shares to a total of 103,660,476 shares. The share capital will increase by 119,912.68 SEK, from SEK 2,471,599.23 to SEK 2,591,511.90.
For existing shareholders who did not exercise any warrants of series TO2, the dilution amounts to approximately 4.63 percent of the number of shares and votes in the Company.
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
olof.jonasson@moveaboutgroup.com
Tel: +46 790 683 811
The following documents can be retrieved from beQuoted
Move-About-Group-AB-Outcome-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.