Hudya AB resolves on a directed issue of warrants to Scandinavian Credit Fund I AB (publ)
On 26 March 2020 Hudya AB (the “Company”) announced, by the means of a press release, that the Company had extended its credit line from Scandinavian Credit Fund I AB (publ) (“SCFI”) by MSEK 35. Under the new agreement SCFI were to be granted 10 million warrants in the Company. The Board of Directors of the Company has today therefore resolved upon, pursuant to the authorization by the Extraordinary General Meeting held on 16 October 2019, a directed issue of 10,000,000 warrants, with deviation from the shareholders’ pre-emptive right, to SCFI. The reason for deviation from the shareholders’ pre-emptive right is the above-mentioned agreement. The issue of warrants in accordance with the agreement is a part of a loan facility agreement that enables expansion and new business opportunities for the Company. Each warrant entitles to subscribe for one new share in the Company during the period commencing 23 April 2020 up to and including 23 April 2025. The subscription price per share is SEK 2.50.
For further information, please contact:
Hanne Ek, CFO Hudya Group AS
E-mail: hanne@hudya.no
Tel: +47 926 62 379
hudyagroup.com
About Hudya
Hudya AB is an innovative Scandinavian fintech company with operations in Sweden, Denmark and Norway and has approximately 220 employees. Hudya creates technical solutions for a simpler economic life, aiming to save customers time and money. Hudya has built a unique digital platform, gathering services that individuals and businesses need. Today, mobile, electricity, insurance and refinancing are offered with friendly terms, prices and customer service. The company has international ambitions and is working to develop and distribute services at a low cost regardless of country, starting in Scandinavia. The company was listed 14 February 2020 on Nasdaq First North Growth Market in Stockholm.
FNCA Sweden AS is the company’s Certified Adviser. Tel. +46 (0) 8 528 00 399. E-mail: info@fnca.se
For further information about Hudya, see hudyagroup.com.