Three major shareholders announce that their entire holding of warrants of series 2021 in InCoax Networks AB (publ.) will be submitted for redemption
The company's largest shareholders Saugatuck Invest, Norrlandspojkarna and BLL Invest have notified InCoax Networks that all their respective holdings of 2021 series warrants in the company have been submitted or are intended to be submitted for subscription of shares. This means that 49.0 percent of the warrants of series 2021 will be exercised.
Saugatuck Invest owns 23.6 percent, Norrlandspojkarna owns 12.8 percent and BLL Invest owns 12.6 percent of the shares in InCoax and is the company's three largest shareholders.
In order for the Warrants not to expire without value, the holder must actively exercise his Warrants for subscription of shares no later than December 31, 2021, or alternatively, sell the Warrants no later than December 27, 2021.
Full terms and conditions for the Warrants are available on the InCoax website, www.incoax.com.
Exercise of the Warrants, nominee-registered holders
It is possible to exercise the Warrants for subscription of new shares in the Company during the period between December 1, 2021 and December 31, 2021. However, some nominees need more time for their own handling, which means that the last day for exercising the Warrants in practice may be earlier than the date above. The nominee shall normally inform you as the owner of Warrants of what you need to do to subscribe for shares with the support of your Warrants. The Company urges Warrant holders to contact their nominees themselves to ensure that any exercise can take place in time.
Exercise of the Warrants, directly registered holders
For those of you who are directly registered holders of Warrants, i.e. do not have your holding with a nominee, there will be a special application form with instructions for payment when subscribing for shares by exercising Warrants available on the InCoax website, www.incoax.com, and on Aqurat Fondkommission AB's website www.aqurat.se.
Financial and legal advisers and issuing agent
Västra Hamnen Corporate Finance AB is the financial advisor and Setterwalls Advokatbyrå is the legal advisor in connection with the exercise of the Warrants. Furthermore, Aqurat Fondkommission AB acts as issuing agent in connection with the exercise of the Warrants.
IMPORTANT INFORMATION
The information in this press release does not contain or constitute an offer to acquire, subscribe for or otherwise trade in shares, warrants or other securities in InCoax. Invitation to the persons concerned to subscribe for units consisting of shares and warrants in InCoax has only taken place through the prospectus that InCoax published on April 7, 2021.
The information was submitted for publication, through the agency of the contact person set out above, on December 16, 2021 at 08.30 CET. The English text is an unofficial translation of the original Swedish text. In case of any discrepancies between the Swedish text and the English translation, the Swedish text shall prevail.
For further information, please contact:
Jörgen Ekengren, CEO, InCoax Networks AB
jorgen.ekengren@incoax.com
+46 73-899 55 52
About the Company
InCoax Networks AB (publ) develops systems for reuse of buildings' existing infrastructure for broadband access. We offer network solutions with MultiGigabit speed to the world's leading telecom and broadband operators. For more information about the company, visit www.incoax.com. Augment Partners AB, tel. +46 8-604 22 55 info@augment.se, is the Company's Certified Adviser.
Tags: