Skip to main content

Warrants of series (2020:3) TO3 B were subscribed to approximately 98.9 percent and Terranet AB receives approximately SEK 40.0 million.

Terranet AB (”Terranet” or the ”Company”) today announces the outcome of the exercise of warrants of series TO3 B, which were issued in connection with the Company’s preferential rights issue during the second quarter of 2020. In total, 49,939,,674 warrants of series TO3 B were exercised, corresponding to approximately 98.9 percent of the total number of outstanding warrants of series TO3 B, for subscription of 49,939,674 B-shares at a subscription price of SEK 0.80 per B-share. Terranet will receive approximately SEK 40.0 million before issuing costs through the exercise of the warrants of series TO3 B.

Background
At the 2020 annual general meeting, it was resolved to approve the board of directors’ resolution to carry out a preferential rights issue of units. Each unit consisted of two (2) shares, one (1) warrant of series TO1 B, one (1) warrant of series TO2 B and one (1) warrant of series TO3 B. The subscription period for exercise of the warrants of series TO3 B took place from August 23, 2021, up to and including September 3, 2021. The subscription price per B-share for exercising the warrants of series TO3 B was set to SEK 0.80.

In total, 49,939,674 warrants of series TO3 B were exercised for subscription of 49,939,674 B-shares, meaning that approximately 98.9 percent of all outstanding warrants of series TO3 B were exercised for subscription of B-shares.

Exercised warrants have been replaced with interim shares (IA), pending registration with the Swedish Companies Registration Office. The interim shares are expected to be converted to B-shares within approximately three (3) weeks.

Number of shares, share capital and dilution

Through the exercise of the warrants of series TO3 B, the number of shares in Terranet increases by 49,939,674 shares, from 264,913,256 (consisting of 1,137,463 A-shares and 263,775,793 B-shares) to a total of 314,852,930 shares. The share capital will increase by SEK 499,396.74, from SEK 2,649,132.56 to SEK 3,148,529.30.

For existing shareholders who did not exercise any warrants of series TO3 B, the dilution amounts to approximately 15.9 percent of the number of shares and approximately 15.8 percent of the number of votes.

Advisers
Mangold Fondkommission is the financial adviser for Terranet 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 Terranet, please contact:
Pär-Olof Johannesson
Tel: +46 70 332 32 62
E-mail: parolof.johannesson@terranet.se

This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person above on September 7, 2021, at 10.15 CET.

About Terranet
Terranet AB (Nasdaq: TERRNT-B.ST). With a vision to save lives Terranet designs and develops sensor applications for road safety. It markets and delivers a software kit with features available across vehicle platforms and car models. The company is located in Lund and Stuttgart. Terranet AB (publ) is listed on the Nasdaq First North Premier Growth Market.

For more information, please visit www.terranet.se/en/.

You can now subscribe to Terranet’s newsletter, sign up at: www.terranet.se/en/ir-2/

Certified Adviser: Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

 

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.