Pomegranate Investment AB (publ) today announces its intention to carry out share issues in accordance with the proposals made to the extraordinary general meeting to be held on 29 November 2021
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO ANY U.S. PERSON
Pomegranate Investment AB (publ) (“Pomegranate” or the “Company”) today announces its intention to carry out share issues (the “Share Issues”) in accordance with the proposals made to the extraordinary general meeting to be held on 29 November 2021
On 1 November 2021, the Company issued a notice to an extraordinary general meeting to be held in the Company on 29 November 2021 (the “EGM”), containing proposals to the EGM to resolve on resolutions required to carry out the Share Issues. The Company today announces its intention to carry out the Share Issues, which is undertaken in order to enable the Company to invest more into its largest portfolio asset, as well as to make additional investments in other portfolio assets.
The Share Issues will be directed towards a limited number of investors in jurisdictions where the Share Issues may lawfully be directed without contravention of any additional registration or other legal requirements. For that purpose the board of directors has engaged Pareto Securities AB as manager for the Share Issues and is seeking to raise capital in accordance with the proposals made to the EGM.
Existing shareholders in the Company may participate in the Share Issues in accordance with what is provided for in the notice to the EGM, which can be accessed on the Company’s website. The subscription period will start today and is expected to close on 11 November 2021. For further information, please contact Pareto Securities AB at the following email address: issueservice.se@paretosec.com.
About Pomegranate
Pomegranate Investment AB (publ) is based in Sweden and was founded in 2014 by a pioneering team with a long and successful track record of investing in high growth companies in emerging markets, particularly in the technology sector. Pomegranate is an investment company that has a strong position primarily in Iran’s consumer technology sector, which, with the easing of international sanctions, represents an extraordinary growth opportunity for European investors. We are entrepreneurs, we have invested in entrepreneurs and a significant proportion of our investors are entrepreneurs themselves.
This communication may not be distributed in the United States or to any “U.S. person”, including any U.S. citizen or permanent resident (‘green card holder’) or any entity organised in the United States, whether located inside or outside the United States. Pomegranate shares represent an investment in Iran that is not suitable for U.S. persons.