GET Group AB (publ) HAS COMPLETED the 1[st] TRANCHE OF THE SEK 100 million EQUITY FINANCING WITH LDA CAPITAL through A DIRECTED SHARE ISSUE OF APPROXIMATELY SEK 1.79 MILLION

The board of directors in GET Group AB (publ) (‘GET Group’ or ‘the Company’) has today resolved, pursuant to the authorisation by the annual general meeting held on 30 June 2021, on a directed share issue of not more than 13,534,507 shares to LDA Capital Limited (“LDA Capital”) at a subscription price of SEK 0.132 per share (the “Directed Share Issue”), raising proceeds of approximately SEK 1.79 million before transaction costs. The subscription price is in accordance with the SEK 100 million equity financing agreement entered into with LDA Capital which was published through a press release on 1 November 2021. 

The board of directors in GET Group has today resolved, pursuant to the authorisation by the annual general meeting held on 30 June 2021, on a directed issue of not more than 13,534,507 shares, entailing an increase in the share capital of not more than SEK 697,650.824011. The total subscription price shall be SEK 1,786,555, corresponding to approximately SEK 0.132 per share. The Directed Share Issue entails a dilution of approximately 1.46 percent of the share capital in relation to the number of shares in the Company after the Directed Share Issue, through an increase in the number of outstanding shares by 13,534,507 from 914,379,665 to 927,914,172 and a share capital increase by SEK 697,650.824011 from SEK 47,132,690.296440 to SEK 47,830,341.120451.

The subscription price is in accordance with the financing agreement entered into with LDA Capital on 31 October 2021. The agreement has been negotiated at arm's length between the parties and the board of directors deems that the subscription price is in accordance with market terms.

The right to subscribe for the new shares shall, with deviation from the shareholders pre-emption rights, only be granted to LDA Capital. The reason for the deviation from the shareholders’ pre-emption rights is to enable a raise of capital to ensure a raise of working capital in the most time- and cost efficient manner in order to promote the Company's expansion.

For more information about the Company, please contact:
Lars Christian Beitnes, CEO
Telephone: +46 8 1220 4146
Email: ir@getgroup.se
www.getgroup.se

This is information that GET Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 17 December 2021 at 19:45 CET.

About GET Group
GET Group AB (publ) is an investment company focused on energy and sustainability. We are creating the world’s most compelling listed ESG company, by owning and financing the unique technology companies that are committed to energy production and energy saving. GET Group AB (publ), c/o Mcon AB, Södra Larmgatan 4, SE-411 16 Gothenburg. For more information: www.getgroup.se | www.rock.energy | www.lightcircle.io