Exercise of warrants in CTEK Holding AB

As described in the IPO prospectus dated 13 September 2021, CTEK Holding AB, a subsidiary of CTEK AB (publ) and the former parent company of the CTEK group, had 6,901,485 warrants of Series 3 outstanding at the time of the IPO. The warrants could be exercised for subscription of shares in CTEK Holding AB from 1 December 2021 up to and including 31 December 2021. The conditions for the warrants have now been met and the Board of CTEK AB (publ) (“CTEK” or the “Company”) has been informed that all 53 holders of warrants, including Altor Fund III, CTEK’s chairman Hans Stråberg and CTEK’s CEO Jon Lind will exercise their warrants. The total subscription payment amounts to approximately SEK 7.6 million.

Following registration of the new shares in CTEK Holding AB, which is expected to occur during the first quarter 2022, the Board of CTEK expects to convene the shareholders to a general meeting to resolve upon an issue in kind in which shares in CTEK Holding AB that have been subscribed for through the exercise of the warrants will be exchanged for shares in CTEK AB (publ). The general meeting is expected to be held during the first half of 2022. If the shareholders in CTEK resolve to carry out the issue in kind, a total of 690,118 shares in CTEK will be issued corresponding to a dilution of 1.4 percent based on the number of shares in CTEK as of the date of this release.

CTEK’s CEO Jon Lind will sell 11,000 shares in CTEK, corresponding to approximately SEK 2 million, to finance the warrants and tax effects in CTEK Holding AB. In total, Jon Lind will increase his ownership in the CTEK Group with 81,530 shares. The managers in the IPO of CTEK, Carnegie Investment Bank AB (publ) and Swedbank AB (publ), have therefore decided to grant Jon Lind an exemption from the IPO lock-up to allow for the sale of shares to finance the exercise of warrants.

For further information please contact:
Niklas Alm, Investor Relations

Tel: +46 708 24 40 88

Email: Niklas.Alm@ctek.com

The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on 22 December 2021.