Record date for the allotment of warrants of series TO3 to shareholders in Wyld Networks AB
As Wyld Networks AB (”Wyld Networks” or the "Company") communicated on August 24, 2021 the board of directors decided to issue warrants of series TO3 (the “Warrants”) to the current shareholders of Wyld Networks who on the record date, September 8, 2021, holds shares in the Company.
The record date to receive warrants of series TO3 has been set to September 8, 2021. Therefore, the last day of trading in the Company’s share including the right to receive warrants of series TO3 is September 6, 2021, and the first day of trading in the Company’s share excluding the right to receive warrants of series TO3 is September 7, 2021. Shareholders of Wyld Networks will receive one (1) warrant of series TO3 for every seven (7) shares held on the record date. A total of 1,181,044 warrants of series TO3 will be issued to the shareholders of Wyld Networks.
Information and terms for the warrants of series TO3
In total 2,275,000 warrants of series TO3 will be issued, of which 1,093,956 of the Warrants will be issued to the lender Formue Nord Fokus A/S and 1,181,044 of the Warrants will be issued to the shareholders of the Company as per the record date, September 8, 2021.
Each warrant of series TO3 entitles the owner to subscribe for one (1) new share in the Company for a price of 70 percent of the volume-weighted average price of the Company’s share on Nasdaq First North Premier Growth Market during the period commencing May 2, 2023, up until and including the May 15, 2023, however not higher than SEK 15.75 and not less than the quota value of the Company’s share. The subscription period for the subscription of shares through exercising of warrants of series TO3 will run from May 17, 2023, up until and including May 31, 2023.
If all the warrants of series TO3 are exercised, Wyld Networks will receive approximately SEK 35.8 million, based on a subscription price of SEK 15.75.
Wyld Networks will apply for admission to trading of the Warrants on Nasdaq First North Growth Market and will communicate the first day of trading for the Warrants through a separate press release as soon as it has been determined.
Advisers
Mangold Fondkommission is financial advisor in connection with the Warrants.
For further information, please contact
Alastair Williamson, CEO Wyld Networks
Tel: +44 7 824 997 689
Email: alastair.williamson@wyldnetworks.com
About Wyld Networks AB
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 is Mangold Fondkommission AB (tel +46 8-5030 1550, email ca@mangold.se).
Read more on www.wyldnetworks.com