The exercise price for the warrants of series TO1 in GET Group AB (publ) has been determined to approximately SEK 0.104
GET Group AB (publ) (”GET Group” or the ”Company”) completed during December 2020 an rights issue of units consisting of one (1) new share and one (1) free of charge warrant of series TO1. In total, 41,008,175 warrants of series TO1 was issued. Each warrant entitles the holder to subscribe for one (1) new share in the Company during the period from and including 16 December 2021 to and including 30 December 2021. The exercise price per share is to be determined to 70 percent of the volume-weighted average price in the Company’s share on NGM Nordic SME during the measurement period from and including 1 December 2021 to and including 15 December 2021. During the measurement period, the volume-weighted average price in the Company’s share was approximately SEK 0.149, therefore, the exercise price for the warrants of series TO1 is set to approximately SEK 0.104 per share. The exercise period starts tomorrow on 16 December 2021 and runs up to and including 30 December 2021.
The measurement period for determining the subscription price started on 1 December 2021 and ended on 15 December 2021. The volume-weighted average price during the measurement period amounted to approximately SEK 0.149 and the exercise price is set to approximately SEK 0.104 per share.
If all the warrants of series TO1 are exercised for subscription of shares, the Company will receive approximately SEK 4.242.265,51 before issuing costs. Upon full exercise of all warrants, the share capital will increase by approximately SEK 2,113,810.80 to a total of approximately SEK 49,246,501.10 and the number of shares will increase by 41,008,175 shares to a total of 955,387,840 shares, which means a dilution of approximately 4.29 percent.
Terms for the warrants of series TO1:
Exercise period
16 December–30 December 2021.
Exercise price
Holders of warrants have the right to subscribe for one (1) new share in the Company for each warrant owned at a subscription price of approximately SEK 0.104 per share.
Trading warrants of series TO1
Trading in warrants is expected at NGM Nordic SME until 28 December 2021.
How warrants are exercised:
Nominee-registered warrants (Custody account)
In the event that a holder of warrants has his or her warrants in a custodian account, in an investment savings account or in an endowment insurance (nominee-registered ownership), subscription/payment shall be made to the respective nominee in accordance with the nominee's procedures. The warrants may be exercised for subscription of shares during the period from and including 16 December up to and including 30 December 2021. Please note that nominee-registered warrants may have a last response date prior the last day of subscription. For more information and for further instructions on how to exercise your warrants, please contact your nominee well in advance of the end of the subscription period.
Direct-registered warrants (Securities account)
If a holder of warrants has direct-registered warrants, the holder will receive a pre-filled application form sent by post to be used for subscription. The application form is also available on the Company's website (www.getgroup.se) and Göteborg Corporate Finance AB's website (www.gcf.se). When the application form is submitted to Göteborg Corporate Finance AB, payment must be made in accordance with payment instructions on the application form. The warrants may be exercised for subscription of shares during the period from and including 16 December up to and including 30 December 2021 provided that the application form and proceeds are received by Göteborg Corporate Finance AB no later than according to the date stated on the application form. As soon as both subscription and payment have been registered with Göteborg Corporate Finance AB, the warrants are replaced with interim shares pending registration with the Swedish Companies Registration Office. After registration, interim shares are replaced by shares.
Note that the warrants of series TO1 will expire without value if not exercised at the latest 30 December 2021, or sold at the latest 28 December 2021.
Advisor
Göteborg Corporate Finance AB is financial adviser regarding the warrants.
For questions regarding the warrants, please contact:
Göteborg Corporate Finance AB
Telephone: +46 31 13 82 30
Email: info@gcf.se
For more information about the Company, please contact:
Lars Christian Beitnes, CEO
Telephone: +46 8 1220 4146
Email: ir@getgroup.se
www.getgroup.se
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