Warrants of series TO1, TO2 and TO3 were fully exercised and SLP receives approximately MSEK 4.1
Swedish Logistic Property AB (publ) (“SLP” or the “Company”) today announces the outcome of the exercise of warrants of series TO1, TO2 and TO3 (the “Warrants”), all of which were issued during 2019. In total, all Warrants were exercised for subscription of 280,000 shares of series A (the “A-shares”) and 920,000 shares of series B (the “B-shares”). The subscription price per exercised warrant of series TO1 and TO2 amounted to SEK 500 and the subscription price per exercised warrant of series TO3 amounted to SEK 560. Each Warrant gave, after share split resolved on at the general meeting of shareholders held on 10 November 2020 and on 8 March 2022, the holder the right to subscribe for 35 A-shares and 115 B-shares in the Company. Through the exercise of the Warrants, SLP receives approximately MSEK 4.1 before issuing costs.
Background
At the Extraordinary General Meeting in SLP held on 27 February 2019 it was resolved on a directed issue of 5,000 warrants of series TO1 to two employees, whereof one is a member of the management, in SLP, at the Extraordinary General Meeting held on 17 June 2019 it was resolved on a directed issue of 1,000 warrants of series TO2 to one employee in SLP and at the Extraordinary General Meeting held on 23 October 2019 it was resolved on a directed issue of 2,000 warrants of series TO3 to one employee in SLP. Each Warrant gave, after share split resolved on at the general meeting of shareholders held on 10 November 2020 and on 8 March 2022, the holder the right to subscribe for 35 A-shares and 115 B-shares in the Company during the period from and including 1 March 2023 up to and including 31 March 2023. The exercise price for warrants of series TO1 and TO2 amounted to SEK 500 per exercised warrant, and the subscription price for warrants of series TO3 amounted to SEK 560 per exercised warrant. All Warrants were exercised for subscription of a total of 280,000 A-shares and 920,000 B-shares.
Number of shares, share capital and dilution
Through the exercise of the Warrants the number of shares in SLP increases by a total of 1,200,000 shares, divided between 280,000 A-shares and 920,000 B-shares, from 55,477,965 A-shares and 126,063,270 B-shares to 55,757,965 A-shares and 126,983,270 B-shares, and the number of votes increases from 403,453,095 votes to 405,773,095 votes. The share capital increases by SEK 8,000, from SEK 1,210,274.90 to SEK 1,218,274.90. The exercise of the Warrants entails a dilution of approximately 0.66 percent of the total number of shares and approximately 0.57 percent of the total number of votes based on the number of shares and votes after the exercise of the Warrants.
Advisers
Fredersen Advokatbyrå acts as legal advisor to SLP and Aqurat Fondkommission AB acts as issuing agent in connection with the exercise of the Warrants.
For further information, please contact:
Peter Strand, CEO of SLP, telephone +46 705 881 661
The information was submitted for publication, through the agency of the contact person above on 14 March 2023 at 05.30 p.m. CET.
About SLP – Swedish Logistic Property
SLP – Swedish Logistic Property – is a Swedish real estate company with a focus on logistics properties. Since its inception, the company has maintained a high pace and in a short time has completed several high-profile acquisitions. SLP has a high ambition regarding sustainability and works responsibly from environmental perspectives. The company’s property portfolio comprises a lettable area of approximately 750,000 square meters. SLP’s share of series B is listed on Nasdaq Stockholm. For further information: slproperty.se
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