HUDL: Share capital increase by debt conversion
2023-12-22 16:12:44
22.12.2023 16:12:41 CET | Huddlestock Fintech AS | Total number of voting rights
and capital
Stavanger, Norway, 22 December 2023
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR
INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN, HONG KONG, SOUTH AFRICA OR THE UNITED
STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR
DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER
OF ANY OF THE SECURITIES DESCRIBED HEREIN.
Reference is made to the stock exchange announcement published by Huddlestock
Fintech AS ("Huddlestock" or the "Company") on 23 November 2023, regarding the
minutes from an Extraordinary General Meeting, where the board was granted
authorization to resolve a capital increase of up to NOK 133,000, at a price
between NOK 1.20 and NOK 12.00 (the "Authorization"). The Authorization was
registered with the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret) on 11 December 2023.
The board has, based on and in accordance with the Authorization, resolved a
capital increase through conversion of debt by issuance of 6,162,076 new shares
(the "Conversion Shares") in the Company, with a total subscription amount of
NOK 13,561,755.80 (the "Debt Conversion"), from the following three companies:
* Devity AS