Record date for distribution of warrants of series TO1 to current shareholders is set for 8 December 2020
As previously announced, the Board of Directors of Realfiction Holding AB (”Realfiction” or the ”Company”) has decided to distribute warrants of series TO1 free of charge to the current shareholders in the Company. The record date for allotment to existing shareholders is now set for 8 December 2020.
As previously announced through press release on 27 November 2020, Realfiction resolved on and carried out a directed issue of units consisting of shares and warrants of series TO1 (the “Directed Issue”). The board of directors of Realfiction has also decided to issue 727,789 warrants of series TO1 (same series as in the Directed Issue) to the Company, which on the record date will be granted free of charge to current shareholders in Realfiction. The warrants will, to some extent, compensate current shareholders in the Company for the dilution in the Directed Issue.
The record date to receive warrants of series TO1 has been set for 8 December 2020. Therefore, the last day of trading in the Company’s share including the right to receive warrants is 4 December 2020, and the first day of trading in the Company’s share excluding the right to receive warrants of series TO1 is 7 December 2020.
The shareholders in Realfiction will receive one (1) warrant of series TO1 for every twenty-two (22) held shares on the record date. Round down will be applied.
Terms and information regarding warrants of series TO1
A total of 1,527,789 warrants of series TO1 will be issued, where 800,000 are allotted to investors in the Directed Issue and 727,789 to be allotted to current shareholders in the Company.
Each warrant of series TO1 will give the holder the right to subscribe for one (1) new share in Realfiction during the period from 9 November 2021 until and including 22 November 2021 to a subscription price corresponding to the following:
70 percent of the volume weighted average price of the Company’s share during the period from 25 October 2021 until and including 5 November 2021. The subscription price shall never be determined to a higher amount than SEK 26.85.
Warrants of series TO 4 will, upon full exercise, provide the Company additional funds of a maximum of approximately SEK 41.0 million, based on the maximum subscription price of the warrants. The actual issue amount will depend on the finally determined subscription price of the warrants.
Upon full exercise of the warrants of series TO1, the dilution will amount to approximately 7.8 percent, calculated in proportion to the number of shares in the Company following the registration of the new shares of the Directed Issue. Upon full exercise of warrants of series TO1, the number of outstanding shares will increase by 1,527,789 from 18,011,363 to 19,539,152 and the share capital will increase by SEK 152,778.9 from SEK 1,801,136.3 to SEK 1,953,915.2.
The Company will apply for admission to trading of the warrants of series TO1 on Nasdaq First North Growth Market.
Advisor
Mangold Fondkommission AB has acted as sole bookrunner and financial advisor and Eversheds Sutherland Advokatbyrå AB has acted as legal advisor in connection with the Directed Issue.
For more information about Realfiction Holding AB, please contact:
Clas Dyrholm, founder and CEO
Telephone: +45 25 22 32 81
Email: clas@realfiction.com
www.realfiction.com
Certified Adviser
Mangold Fondkommission AB is the company's Certified Adviser and can be contacted via ca@mangold.se or +46 8 503 015 50.
About Realfiction Holding AB
Founded in Denmark in 2008, Realfiction is a leading innovator and provider of Mixed Reality solutions and services, a market estimated to reach USD 80 billion by 2025. Realfiction continues to invent technologies within Mixed Reality, with an intention to disrupt the industry by pursuing the vision of converting science fiction into real fiction. Realfiction Holding AB’s share is publicly traded on Nasdaq First North Growth Market under the symbol “REALFI”. The share’s ISIN code is SE0009920994.
