Major shareholders, members of the board of directors and members of the executive management intend to exercise their warrants of series TO2 in Wyld Networks AB

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, NEW ZEALAND, HONG KONG, JAPAN, SINGAPORE, SOUTH AFRICA, SOUTH KOREA OR ANY OTHER JURISDICTION WHERE SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE REFER TO IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

Wyld Networks AB (“Wyld Networks” or the “Company”) hereby announces that major shareholders in the Company, and all of the board of directors and management that holds warrants, has informed the Company that they intend to exercise all their warrants of series TO2. This corresponds to an investment of approximately SEK 7.5 million, corresponding to approximately 38.1 percent of the total amount of outstanding warrants of series TO2. The subscription period for the warrants of series TO2 is currently ongoing and will continue up until December 19, 2022.

“We are delighted that these long-term shareholders continue to support Wyld Networks as we launch the satellite IoT network service.”, said Alastair Williamson, CEO of Wyld Networks.

Wyld Networks has received non-binding commitments that the following warrant holders intends to exercise their warrants privately or through company:

*Board of directors and members of the executive management at Tern Plc

If all the warrants of series TO2 are exercised, the Company will receive approximately SEK 19.8 million before issuing costs. For the warrants to not expire without value, it is required that the holder actively subscribes for new shares no later than December 19, 2022 or sell the warrants no later than December 15, 2022. Please observe that certain nominees might close their application earlier than December 19, 2022.

Summarized terms for the warrants of series TO2:

Subscription period: December 6, 2022 – December 19, 2022.

Issue size: 2,275,000 warrants of series TO2, which entitles to subscription of 2,275,000 shares. If all warrants are exercised, the Company will receive approximately SEK 19.8 million before issuing costs.

Exercise price: SEK 8.72 per share.

Last day for trading warrants of series TO2: December 15, 2022.

Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 189,826.70, from SEK 922,361.72 to SEK 1,112,188.41. If all warrants are exercised the number of shares and votes in the Company will increase with 2,275,000 shares, from 11,054,151 shares to 13,329,151 shares. In the event that all warrants of series TO2 are exercised, the dilution amounts to approximately 17 percent of the number of shares and votes in the Company.

Please note that warrants that are not exercised no later than December 19, 2022, or sold no later than December 15, 2022, will expire without value. For warrants not to lose their value, the holder must actively subscribe for new shares or sell the warrants.

How warrants are exercised:

Nominee-registered warrants (Custody account)

Subscription and payment by exercise of warrants shall be made in accordance with instructions from each nominee. Please contact your nominee for additional information.

Direct-registered warrants (Securities account)

No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form.

The warrants will then be replaced by interim shares awaiting registration at the Swedish Companies Registration Office.

The application form including instructions for payment will be available at Wyld Networks’ website, www.wyldnetworks.com, and on Mangold Fondkommission AB’s website, www.mangold.se.

Advisers

Mangold Fondkommission AB is financial adviser for Wyld Networks regarding the warrants.

For questions regarding the warrants, please contact:

Mangold Fondkommission AB

Tel: +46 8 5030 1595

E-mail: emissioner@mangold.se

For further information about Wyld Networks, please contact:

Alastair Williamson, CEO Wyld Networks
E-mail: alastair.williamson@wyldnetworks.com
Tel: +44 7 824 997 689

About Wyld Networks

Wyld Networks develop and sells innovative wireless technology solutions that enables affordable connectivity anywhere in the World, addressing the problems for businesses and people regarding the lack of global mobile network coverage. The solutions are mainly targeted to wireless connectivity for the Internet of Things (IoT) and people.

Wyld Networks Ltd was formed in Cambridge, UK in 2016 and is a wholly owned subsidiary of Wyld Networks AB.

The Wyld Networks share (WYLD) is traded on the Nasdaq First North Growth Market.

Certified Adviser to Wyld Networks is Mangold Fondkommission AB.

Read more on: http://www.wyldnetworks.com  

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in Wyld Networks in any jurisdiction, neither from Wyld Networks nor anyone else.

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa, the United States or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.