Omnicar Holding AB: update on our financial situation and a directed share issue

Omnicar Holding AB is pleased to announce that Omnicar Holding AB successfully have repaid and settled most of our external debt during the recent few months.

The final external debt will be settled with below directed share issue.

Claus T. Hansen “We now have a solid foundation for our future growth and an improved financial security and stability. Only debt obligation left in the company is the bridge loan I have with the company. I have agreed to extend the loan to a new period of 6 month”

New directed issue

Unwrap Finance Nordic AB have undertaken to subscribe to 3.748.000 shares in Omnicar Holding AB

The board of directors of OmniCar Holding AB (the "Company" or "OmniCar"), has with support from the authorisation granted by the general meeting held on June 25th 2020, resolved to issue 3.748.000 shares to a share price of SEK 0,8204

The total value of the directed issue is SEK 3.075.000

The issue price is based on 20 days weighted average - minus 12,07% discount

The reason for the deviation from the shareholders’ preferential rights is mainly to strengthen the Company’s financial position in a short and cost-effective timeframe

For more information about OmniCar AB, please contact 

This disclosure contains information that Omnicar is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 02-10-2020 15:21 CET.

Claus T. Hansen

CEO
cth@omnicar.dk

About Omnicar The IT company OmniCar has developed a unique software solutionfor vehicle repair shops and car dealers. Our software helps the automotive industry to manage and sell far more service contracts than before using customized additional services and subscription-based services that follow each car throughout its lifecycle.