GET Group AB (publ) RESOLVES UPON AN ISSUE OF WARRANTS TO LDA CAPITAL LIMITED
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 41,147,085 warrants to LDA Capital Limited ("LDA Capital"). The warrants shall be issued without payment and form part of the remuneration paid by the Company for the equity financing agreement entered into between the Company and LDA Capital, as announced 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 an issue of 41,147,085 warrants without payment to LDA Capital. LDA Capital are entitled to call for subscription for one (1) new share of in the Company per held warrant for a subscription price of SEK 0.231114 per share. If the market price of the Company’s share is less than 90 per cent. of the subscription price above on the first 12 months anniversary following the registration of these warrants then the subscription price shall be adjusted to 110 per cent. of the market price at that time. 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 three years forward.
The reason for the deviation from the shareholders’ pre-emption rights is to fulfil the conditions under the above-mentioned equity financing agreement entered into between the Company and LDA Capital on 31 October 2021. The warrants form part of the remuneration paid by the Company for the equity financing agreement and shall be issued without payment. The equity financing agreement has been negotiated at arm's length between the parties and the board of directors assesses that the subscription price is adjusted to market conditions.
The information was submitted, through the agency of the below contact person, for publication on 19 November 2021, 23:00 CET.
For further information, please contact:
Lars Christian Beitnes, CEO
Telephone: +46 8 1220 4146
Investor Relations: email@example.com
About GET Group:
GET Group AB (publ) (ticker symbol: GETG) 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. Our mission is to actively contribute to the world’s transition to sustainable energy.
GET Group AB (publ), c/o Mcon AB, Södra Larmgatan 4, SE-411 16 Gothenburg
www.getgroup.se | www.rock.energy | www.lightcircle.io
About LDA Capital:
LDA Capital is a global alternative investment group with expertise in complex, cross border transactions worldwide. Our team has dedicated their careers to international & cross border transactions having collectively executed over 200 transactions in both public and private markets across 43 countries with aggregate transaction values of over US$10 billion.
w: www.ldacap.com; e: firstname.lastname@example.org.