Divio Technologies AB (publ) has completed directed share issue of SEK 7,4 million

The directed share issue in Divio Technologies AB (publ) (“Divio”) authorized by the Extraordinary General Meeting on 18 October 2019, has been completed. A total of 4,930,640 shares have been subscribed by a closed circle of investors. Through the directed share issue, Divio receives approximately SEK 7,4 million.

The new shares were issued at a subscription price of SEK 1.50 per share and for each subscribed share two C warrants were issued to the subscriber at no additional cost. Warrant C entitles the holder the option to subscribe a (B) share for every two warrants held, and expires 2020-06-15 with a subscription price of 2,50 SEK per share.

When the new shares have been registered with the Swedish Companies Registration Office, the total number of shares in Divio will be 43,989,186, whereof 750,000 A-shares, and the share capital will amount to SEK 4,398,918.60.

Divio Technologies continues with the listing plan on Nasdaq First North Growth Market and will invite investors and other stakeholders to Investor updates as soon as further information is available and a preliminary date can be given.

Divio Technologies AB (Publ) is the Cloud Management Software development group behind the Divio platform that simplifies cloud hosting, deployment and development via a proprietary PaaS solution. The Platform allows enterprises to significantly reduce cost, time to market and decreases dependencies on employees as well as cloud vendors.

For more information about Divio Technologies, please visit www.divio.com