FundedByMe announces results of share issues*
FundedByMe AB (publ) listed on NGM Nordic MTF today announces that the issues decided by the Board, supported by the authorization granted by FundedByMe's Annual General Meeting on May 15, 2019, September 3, 2019, have now been completed.
The targeted new share issue, which the Board decided on September 3, 2019, has added 2,065,000 Series A shares at a subscription price of SEK 2.00 per Class A share. This means that the Company received a maximum of SEK 4.13 million before issue costs. Subscribers in the rights issue were a consortium of qualified investors with strong ties to Denmark as well as two strategic investors. Following registration with the Swedish Companies Registration Office, the share capital was increased by SEK 302,077.12.
The Board of Directors also decided, on September 3, 2019, for a set-off issue of a maximum of 639,657 B shares. The result of the set-off issue is that the share capital is increased by a maximum of SEK 93,571.79 by issuing a maximum of 639,657 new B-shares. The subscription price is SEK 4.45 per new Class B share, corresponding to the preferential rights issue that took place between April 30 - May 17, 2019. Subscription eligible are the Board of Directors and the management of FundedByMe for Board fees of 69,661 SEK B shares corresponding to SEK 310,000 and CEO bonus corresponding to 13,202 B shares corresponding to SEK 58,750. Further subscribers are creditors for consultancy and marketing-related costs for 556,794 B shares, corresponding to SEK 2,477,733. The background to the new share issue and the deviation from the shareholders' preferential right is that payment for the B shares is made through the settlement of the receivable. The subscription price of SEK 4.45 per B share corresponding to the rights issue that took place between April 30 - May 17, 2019.
After the issues, the share capital will amount to a total of SEK 1,311,429.15 divided into 8,964,933 shares, of which 4,841,386 are B shares and 4,123,547 are A shares.
This information is information that FundedByMe AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set below, on 23 October 2019.
*English translation for convenience only
For further information, please contact:
FundedByMe Crowdfunding Sweden AB
Daniel Daboczy, CEO
Mobile: +46 (0) 73 6269985
Email: daniel@fundedbyme.com
About FundedByMe
FundedByMe is a tech company, focusing on the financial markets. Today the company offers a digital and global platform for financial support for startups and growth companies around the globe. Customers sign up online where they are able to book their investment interest in different companies. The company consists of FundedByMe.com, Feminvest and Laika Consulting, as well as 6 joint ventures in Finland, Malaysia, Singapore, Poland, The Netherlands, and Dubai/UAE. Together the group reaches over 269,000 registered investment members globally. For more information visit www.fundedbyme.com