FundedByMe AB (publ) issues a strategic targeted share issue to strategic qualified investors and a separate targeted share issue to the chairman of the board, Johan Jörgensen
FundedByMe AB, announces today that the company’s board of directors, with the support granted during the Annual General Meeting on May 15th, 2019, has decided to issue two strategic, directed new issues of A shares.
FundedByMe AB (publ), listed on NGM Nordic MTF with the abbreviation FBM MTF A and FBM MTF B, announces today that the company’s board, with the support granted during the Annual General Meeting on May 15th, 2019, has decided to issue a strategic, directed new issue of maximum 2,040,000 new A shares at a price of SEK 2 per share. This decision means that the Company will receive a maximum of MSEK 4,08 before costs. Subscribers of the new issue include a group of qualified investors with strong connections to Denmark as well as two strategic investors. Emption rights are waived due to the Board of Directors concluded that this decision improves the company's finances for H2 2019 after the completed changes made after the consolidation with Laika Consulting, as well as expanding the company's crowdfunding and investor relations businesses in Denmark with a local partner.
The board of directors has also decided today, with the support granted during the Annual General Meeting on May 15th, 2019, has decided to issue a strategic, directed new issue of maximum 198,412 A-shares at the price of SEK2,52 per share equivalent to the market price on the day of subscription. This decision means that the Company will receive a maximum of MSEK 0,5 before costs. Subscriber in this issue is the chairman of the board, Johan Jörgensen. The decision is conditioned upon approval by 9/10 majority in the upcoming shareholders assembly. The purpose of this targeted issue is based on the boards conclusion to strengthen the company's finances for H2 2019 after the completed changes made after the consolidation with Laika Consulting.
Post the new issue the total number of shares in the company will amount to a maximum of 9 173 455 shares. The new issue results in a dilution of approximately 24,40% of the shares, based on the total number of shares in FundedByMe at the time of the issue. The new issue of A-shares, with 10 votes per share policy, will result in a dilution of a maximum of 46,7% of the votes.
FundedByMe has found strategic partners in Sweden and Denmark for continued development and expansion of the company’s services. The Company has developed new products and services that will be introduced within the near future. The company also intends to review the possibilities of opening an office in Copenhagen with local partners to deepen the partnership with the investors associated in this financing round.
“We’re very happy that these investors have chosen to subscribe to A-shares in this direct issue and together with us work forward to further FundedByMe’s position within crowdfunding, as well as develop the Investor Relation segment, both technically and geographic. The company is in a much better condition today compared to Q1 after the hard work behind the consolidation with Laika Consulting. More customers should get the opportunity to view the potential in crowdfunding and of Laika and Feminvest’s products. We will continue our work towards an improvement of the finance industry,” says CEO Daniel Daboczy.
FundedByMe Crowdfunding Sweden AB is a listed group consisting of financial communication and investor relations agency Laika Consulting, FundedByMe who operates the crowdfunding platform www.fundedbyme.com, and Feminvest probably the largest female investment network in the North, as well as 6 joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands and Dubai/UAE. Together the group reaches over 260,000 registered global investment members. The company’s shares can be traded at Avanza (FBM MTF B) or Nordnet (FBM MTF B).