Decisions from the Extraordinary General Meeting of Brighter AB (publ) on 11 November 2019.
An Extraordinary General Meeting (EGM) was held by Brighter AB (publ) – corporate registration number 556736-8591 – on Monday 11 November 2019. The meeting voted in favour of a directed new share issue as compensation for warrants that were not registered with the Swedish Companies Registration Office.
For detailed information on the content of the decision, please refer to the notice of the EGM and the complete resolution proposal available on the company's website: www.brighter.se.
Decision on directed new issue
The EGM resolved in accordance with the Board's proposal for a rights issue to parties who would have been the holder of warrants in Program 2016/19 Series I (then Board members) and Program 2016/19 Series II (then staff and key persons), resolved by the Annual General Meeting on 17 May 2016. Out of overlook, the resolved warrants in Program 2016/19 Series I and Program 2016/19 Series II were never registered with the Swedish Companies Registration Office. In order to compensate those who would have held the warrants for the absent opportunity to subscribe for shares in the Company, these parties are given the right to subscribe for shares within the framework of the rights issue.
The new share issue comprises a maximum of 2,629,430 shares at a subscription price of SEK 7.30 per share, which at full subscription corresponds to approximately SEK 19.2 million in issue proceeds before issue costs. The subscription price corresponds to the recalculated strike price according to the terms of the warrants in Program 2016/19 Series I and Program 2016/19 Series II. The subscription price is based on the new issue being compensation for the subscribers not receiving the warrants they had been granted and paid for in the aforementioned program, and that the subscribers have paid the market value for the relevant warrants.
The subscription of shares shall take place from 11 November 2019 to 18 November 2019, and payment shall be made in cash no later than 25 November 2019. The allocation of shares shall be made to the subscribers pro rata in relation to the number of warrants which they would have held in the Program 2016/19 series I and Program 2016/19 series II, if the warrants had been registered with the Swedish Companies Registration Office.
Upon full subscription, the total number of shares in the Company will increase by 2,629,430 from 93,397,483 to 96,026,913 and the share capital will increase by SEK 131,471.50 from SEK 4,669,874.15 to SEK 4,801,345.65, corresponding to a dilution of votes and capital of approximately 2.7 percent.
For further information, please contact:
Henrik Norström, CEO
Phone: +46 733 40 30 45
Email: henrik.norstrom@brighter.se
Ann Zetterberg, CFO
Phone: +46 708 37 21 23
E-mail: ann.zetterberg@brighter.se
About Brighter AB (publ).
Brighter is a health-tech company from Sweden with a vision of a world where managing chronic diseases is no longer a struggle. We believe a data-centric approach is key to provide smarter care for chronic conditions. Our daily-care solutions facilitate the flow of real-life treatment data between chronic-disease patients, their loved ones and their care providers – improving quality of life, easing the burden on healthcare systems, and opening new opportunities for data-driven research. Brighter is certified under ISO 13485. In 2019 the company won the Swecare Rising Stars Award. https://brighter.se/
The Company's shares are listed on Nasdaq First North Growth Market/BRIG. Brighter’s Certified Adviser is Eminova Fondkommission AB, +46 (0)8 – 684 211 10, adviser@eminova.se, www.eminova.se.