OrganoClick AB (publ) carries out a set-off issue as compensation for cash board fees
OrganoClick's Annual General Meeting 2024 decided that the company's board members were given the right to choose to collect the board fee for 2023 either in cash or via shares in the company. 4 out of 5 board members have decided to take their entire fee, after tax, in the form of shares in the company instead of cash. OrganoClick is therefore now carrying out a set-off issue of a total of 167,967 shares at a subscription price of SEK 3.20 / share, a total of SEK 537,494.40.
The share price has been calculated by the volume-weighted average share price for the last 10 trading days on the NASDAQ First North Growth Market in accordance with the decision of the OrganoClick Annual General Meeting. The share capital will increase by SEK 16,796.70 and give a dilution effect of approx. 0.2% for existing shareholders based on the number of shares after the issue.
This disclosure contains information that OrganoClick AB 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 06-06-2024 08:29 CET.
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For more information, please contact:
Mårten Hellberg, CEO
0707 - 16 48 90, marten.hellberg@organoclick.com
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About OrganoClick
OrganoClick AB (publ) is a public Swedish cleantech company listed on Nasdaq First North Growth Market. The company develops, produces and markets functional materials based on environmentally friendly fiber chemistry. Examples of products that are marketed by OrganoClick are the durable water repellent technology for textiles OrganoTex®, the biocomposite material OrganoComp®, surface treatment and maintenance products for villa and property owners under the brand BIOkleen®, biobased binder under the trade name OC-BioBinder™ and the flame and rot-resistant timber OrganoWood® (through the joint-venture OrganoWood AB). OrganoClick was founded in 2006 as a commercial spin-off company based on research performed at Stockholm University and the Swedish University of Agricultural Sciences within environmentally friendly fiber chemistry. OrganoClick has won a number of prizes, such as "Sweden's Most Promising Start -up" and "Sweden's Best Environmental Innovation", and has also received a number of awards, such as the WWF "Climate Solver" award, listed as a SUSTAINIA100 company and has also appeared for two years on the Affärsvärldens and NyTekniks list of Sweden's top 33 hottest technology companies. OrganoClick has its head office, production and R&D located in Täby, north of Stockholm. OrganoClick's Certified Adviser on Nasdaq First North Growth Market is Mangold Fondkommission AB, tel: +46 (0)8 503 01 551, email: ca@mangold.se.