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The Danish Formula One driver Kevin Magnussen have undertaken to subscribe to 580.000 shares in Omnicar Holding AB

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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 580.000 shares to a share price of SEK 0,84 to Kevin Magnussen. The total value of the directed issue is SEK 487.200

The issue price is based on 10 days weighted average - minus 8% 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

Claus T Hansen says “Since Kevin Magnussen and Omnicar have joined forces we are very pleased that Kevin Magnussen want to show Omnicarservice this commitment. With this issue we are now more than just partners, but both have a mutual interest in Omnicar. As part of the partnership, Kevin Magnussen will help ensure that Omnicarservice maintains its high-quality standards and, to the extent possible, facilitate access to his extensive network. In the periods when Kevin Magnussen is not busy with Formula 1, he will play a valuable role in providing business development input and ideas”

For more information please contact 


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.

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