The last day of trading with the warrants of series TO1 in Wyld Networks AB is today, March 31, 2022
Today, March 31, 2022, is the last day of trading with the warrants of series TO1 in Wyld Networks AB (“Wyld Networks” or “the Company”). The subscription period for the warrants of series TO1 runs up until April 4, 2022. Each warrant of series TO1 gives the owner the right to subscribe for one (1) new share in the Company. The exercise price for the warrants of series TO1 is SEK 11.25 per share.
If all the warrants of series TO1 are exercised, the Company will receive approximately SEK 25.6 million before issuing costs. In order to prevent the warrants expiring without value, the holder must actively subscribe for new shares, no later than April 4, 2022. Alternatively, the holder may sell the warrants, no later than today, March 31, 2022. Please be aware that certain nominees may close their application earlier than April 4, 2022. Complete terms and conditions for the warrants are available at the Company’s website, www.wyldnetworks.com.
Summarized terms for the warrants of series TO1:
Subscription period: March 22, 2022 –April 4, 2022
Issue size: 2,275,000 warrants of series TO1, which entitles to subscription of 2,275,000 shares. If all the warrants are exercised, The Company will receive approximately SEK 25.6 million before issuing costs.
Exercise price: SEK 11.25 per shares
Last day for trading warrants of series TO1: March 31, 2022
Share capital and dilution: If all warrants are exercised the share capital will increase with SEK 183,826.69, from SEK 689,826.69 to SEK 879,653.38. If all warrants are exercised the number of shares and votes in the Company will increase with 2,275,000 shares, from 8,267,308 shares to 10,542,308 shares. In the event that all warrants of series TO1 are exercised, the dilution amounts to approximately 21.58 percent of the number of shares and votes in the Company.
Note that the warrants that are not exercised at the latest April 4, 2022, or sold at the latest March 31, 2022, will expire without value. For the 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 the 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 more information 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.
Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se is Certified Adviser to Wyld Networks.
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.