The Extraordinary General Meeting in Aspiro approves the rights issue
The rights issue
The Extraordinary General Meeting in Aspiro that was held today approved the Board’s resolution of 28 June 2012 on a rights issue of approximately SEK 103m (before the costs of the rights issue) through the issuance of not more than 137,506,677 new shares, resulting in an increase of the share capital of not more than SEK 92,038,719.1832.
The detailed terms of the rights issue are set out in the prospectus that is expected to be announced on or around 15 August 2012.
Alteration of the articles of association and reduction of the share capital
The General Meeting also resolved to alter the articles of association in accordance with the Board’s proposal, resulting in the range of the share capital being changed to not less than SEK 135,000,000 and not more than SEK 540,000,000 and the range of the number of shares being changed to not fewer than 200,000,000 shares and not more than 800,000,000 shares.
The General Meeting also resolved to reduce the share capital by SEK 68,201,942.06 to cover losses without the cancellation of shares in accordance with the Board’s proposal. After the reduction the share capital amounts to SEK 138,058,073.94 and the ratio value of each share amounts to SEK 0.66934.
The company is required to announce the information in this press release under the Swedish Securities Markets Act. The information was released for publication on 13 August 2012 at 1.40 p.m.
For more information, please contact: Kristin Castillo Eldnes, Head of Corporate communication and IR of Aspiro, +47 908 07 389, kristin.eldnes@aspiro.com or Gunnar Sellæg, CEO of Aspiro, +47 901 81 528, gunnar.selleg@aspiro.com.
About Aspiro
Aspiro is a leading streaming company with its primary focus on the WiMP music service and video services delivered to partners. WiMP is delivered direct to consumers and through partners such as operators and TV distributors. With WiMP, Aspiro is thinking globally but working locally, with editorial services and in-house teams tailoring the service for each country. Aspiro has 14 years’ experience of digital services and is a growth company with high ambitions. Aspiro is listed on Nasdaq OMX Nordic Exchange Stockholm. More info on www.aspiro.com
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