Veg of Lund AB (publ) carries out two directed issues of shares following conversion requests from two bridge facility lenders
The board of directors in Veg of Lund AB (publ) (“Veg of Lund” or the “Company”) has today resolved to carry out two directed issues of a total of 78,080 shares to two lenders following conversion requests in line with the conversion rights stated in the bridge facility agreement that has been further described in a press release published on 17 February 2021.
Veg of Lund entered on 17 February 2021 into a bridge facility agreement with several lenders, something that has been further described in a press release published on the same day. Two lenders, Jan Erik Olsson and Thomas Holmgren, have in line with the agreement requested that Veg of Lund repay their respective outstanding debt and accrued interest, amounting to SEK 762,945.21 for Jan Erik Olsson and SEK 1,527,945.21 for Thomas Holmgren, with shares. Veg of Lund has on account of this resolved on two directed issues of shares to the lenders. The price per share in the directed issue to Jan Erik Olsson amounts to SEK 33.91 and the price per share in the directed issue to Thomas Holmgren amounts to SEK 27.49. The price per share in both issues includes a discount of 7.5 per cent compared to a volume weighted average price for the Company’s share immediately before each lender’s conversion request.
As a result of the issues the number of shares in the Company increases by 78,080 and the share capital increases by SEK 4,997.12. The increased number of shares and share capital generates a total dilution effect of 0.64 percent. Following the share issues the number of shares in Veg of Lund amounts to 12,224,336 and the share capital amounts to SEK 782,357.50.
“Veg of Lund views Jan Erik Olsson’s and Thomas Holmgren’s decision as positive as it indicates a belief in the Company and its future”, says Cecilia Lindwall, CEO of Veg of Lund.
For more information, please contact:
Veg of Lund AB
Cecilia Lindwall (CEO)
Telephone: +46 765 014 809
E-mail: cecilia.lindwall@vegoflund.se
About Veg of Lund
Veg of Lund develops unique plant-based foods meeting consumers’ demands for taste and sustainability. The company has roots in research at Lund University and owns patented methods for developing new food categories in the fast-growing market for plant-based foods. Veg of Lund’s climate-smart and tasty products are sold in Europe and Asia under the DUG® and MyFoodie® brands. The company’s shares are listed on the Nasdaq First North Growth Market under ticker VOLAB. Read more at ir.vegoflund.se. Eminova Fondkommission AB is the company’s Certified Adviser and can be contacted via telephone: +46 8 684 211 10 or e-mail: adviser@eminova.se
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