The subscription period for the warrants of series TO7 starts today, May 20, 2024
May 20 2024 - 2:30AM
UK Regulatory
The subscription period for the warrants of series TO7 starts
today, May 20, 2024
Today, May 20, 2024, marks the commencement of the
exercise period for subscription of warrants of series TO7 in
Terranet AB (publ) (”Terranet” or the” Company”). The exercise
period for warrants of series TO7 runs up until and including June
3, 2024. Each warrant gives the right to subscribe for one (1) new
share of series B in the Company to the price of SEK 0.073 per
share. The invested amount must be rounded up to two decimal
places. For the warrants not to expire without value, the owner
must actively subscribe for new shares no later than June 3, 2024,
alternatively sell their warrants no later than May 29, 2024.
Please observe that certain nominees might close their application
period earlier than June 3, 2024.
The letter to holders of warrants of series TO7
is available on the Company's website www.terranet.se.
Summarized terms for the warrants of
series TO7:
Subscription period: May 20, 2024 – June 3, 2024.
Issue size: 182,664,660 warrants of series TO7,
which entitles to subscription of 182,664,660 B-shares. If all
warrants are exercised, the Company will receive approximately SEK
13.3 million before issuing costs.
Exercise price: SEK 0.073 per B-share.
Last day for trading warrants of series TO7: May
29, 2024.
Share capital and dilution: If all warrants are
exercised the share capital will increase with SEK 1,826,646.6,
from SEK 8,980,030.07 to SEK 10,806,676.67. If all warrants are
exercised the number of shares in the Company will increase with
182,664,660 B-shares, from 898,003,007 shares (divided into
1,083,063 A-shares and 896,919,944 B-shares), to a total of
1,080,667,667 shares. If all warrants of series TO7 are exercised,
the dilution will amount to approximately 17 percent of the number
of shares in the Company.
Please be advised: The invested amount must be
rounded up to two decimal places.
Please note that warrants that are not
exercised no later than June 3, 2024, or sold no later than May 29,
2024, 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 is available on Terranet´s website, www.terranet.se.
Advisers
Mangold Fondkommission AB is the financial advisor and the issuing
agent to Terranet AB in connection with the exercise of series TO7
warrants. Eversheds Sutherland Advokatbyrå AB is the legal advisor
to the Company in connection with the exercise of series TO7
warrants.
For more information, please
contact:
Magnus Andersson, CEO
E-mail: magnus.andersson@terranet.se
or
Dan Wahrenberg, CFO
E-mail: dan.wahrenberg@terranet.se
About Terranet AB (publ)
Terranet is on a mission to save lives in urban traffic.
We develop breakthrough tech solutions for
Advanced Driver Assistance Systems (ADAS) and Autonomous
Vehicles (AV) that protect vulnerable road users.
With a unique patented vision technology,
Terranet’s anti-collision system BlincVision laser scans and
detects road objects up to ten times faster and with higher
accuracy than any other ADAS technology available today.
Terranet is based in Lund, Sweden, and in the
heart of the European automotive industry in Stuttgart, Germany.
The company is listed on Nasdaq First North Premier Growth Market
since 2017 (Nasdaq: TERRNT B).
For more information, please visit Terranet´s
website www.terranet.se.
Certified Adviser to Terranet is Mangold
Fondkommission AB, ca@mangold.se.
- PM_Första dag för nyttjande av TO7 - ENG
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