Issue of shares to Symphony Technology Group as consideration for subscription guarantee

On the basis of the authorization granted by the annual general meeting, the board of directors of Teleca has resolved to issue shares to Symphony Technology Group as consideration for the subscription guarantee issued by Symphony in connection with the recently completed rights issue.

Pursuant to the resolution, 612,870 new class B shares are issued to Symphony, whereby set-off is made against Symphony’s claim for consideration of SEK 6,000,000 under the relevant subscription guarantee agreement. The subscription price corresponds to SEK 9.79 per share and has been determined in accordance with the subscription guarantee agreement and the general meeting’s authorization.