CEO and Group Management of Dustin to invest in new warrants programme
Group Management has acquired a total of 593,108 warrants in Dustin. Each warrant carries the entitlement to subscribe for one new share in the company for a subscription price corresponding to SEK 74.50 in accordance with the resolution by the Annual General Meeting on January 19, 2016.
The subscription period extends from January 30, 2019 until June 30, 2019.
In connection with this, part of Group Management will divest a small portion of existing shares in Dustin to finance the warrants acquisition, which will result in an overall higher exposure in the company. For this specific purpose, the advisory investment banks in connection with the listing, Carnegie and Nordea, have therefore approved the waiver of Group Management’s lock-in period, which extends until February 13, 2016.
For further information, please contact:
Niklas Alm, IR Manager
niklas.alm@dustin.se, +46 708 24 40 88
The information is such that Dustin Group AB (publ) is to disclose pursuant to the Swedish Financial Instruments Trading Act and the Swedish Securities Market Act. The information was submitted for publication at 10:00 am on February 4, 2016.
About Dustin
Dustin is one of the leading Nordic resellers of IT products with associated services to companies, the public sector and private individuals. With its core business in e-commerce, Dustin functions as a bridge between the manufacturer’s wide-ranging offerings and customer requirements in which Dustin’s employees support customers in finding the appropriate solution for them.
Dustin is a one-stop-shop that offers some 200,000 products with associated services, functions and solutions. Operations are conducted in Sweden, Denmark, Norway and Finland.
The company has approximately 900 employees. Sales during the 2014/15 financial year amounted to approximately SEK 7.9 billion. About 90 per cent of Dustin’s income derives from the corporate market with a focus on small and medium companies. Dustin Group has been listed on Nasdaq Stockholm since 2015 and has its head office in Nacka in Stockholm.