GET Group AB (publ) resolves upon an issue of units to professional investors
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 an issue of 18,000,000 shares and 18,000,000 warrants to professional investors. The new shares and warrants shall be issued as a unit where one unit consists of one share and one warrant of series 2022:1. The subscription price for all units is in total SEK 927,829.50.
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 18,000,000 shares and 18,000,000 warrants of series 2022:1. The subscription price for all units is in total SEK 927,829.50 where the shares are issued at a subscription price of approximately SEK 0.051547 per share and the warrants is issued without consideration. One warrant of series 2022:1 entitles the holder of subscription of one new share in the Company and the subscription price shall be SEK 0.051547. Subscription of new shares in the Company by using the warrants can take place from the date the warrants have been registered by the Swedish Companies Registration Office and one hundred and eighty (180) days forward. The warrants are governed by customary terms.
The share issue entails a dilution of approximately 1.82 percent of the share capital in relation to the number of shares in the Company after the share issue, through an increase in the number of outstanding shares by 18,000,000 from 970,660,397 to 988,660,397 and a share capital increase by SEK 927,829.50 from SEK 50,033,741.591161 to SEK 50,961,571.091161. If all warrants of series 2022:1 are exercised for subscription of shares, the share capital would increase by additional SEK 927,829.50 through issue of 18,000,000 shares.
The right to subscribe for units shall, with deviation from the shareholders pre-emption rights, only be granted to certain professional investors. The subscription price has been negotiated at arm's length between the parties and the board of directors in the Company deems that the subscription price is in accordance with market terms. The reason for the deviation from the shareholders’ pre-emption rights is to broaden the shareholder base with shareholders who is strategically important to the Company and in the most time and cost-efficient manner enable a capital raise in order to raise working capital.
For more information about the Company, please contact:
Morten Groven, CEO
Telephone: 0047 416 28 138
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 9 May 2022 at 11:15 CEST.
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