ZINZINO AB (PUBL): Share subscription due to directed set-off issues
The company's Board of Directors has, based on the registered issue authorization from the Annual General Meeting on May 31, 2023, during the Board meeting on May 12, 2024, decided on a new issue with payment by set-off. According to the decision, a total of 147,000 new Zinzino B shares have been issued with payment by way of set-off of the claim to Xelliss Luxembourg SA, Xelliss North America and Prolex Technologies SA. The transaction is linked to the acquisition of the assets of the Xelliss group on 2024-05-12. In accordance with the resolution of the Annual General Meeting on May 27,