Photocat A/S Announces Call of Warrants by Key Personnel
June 21 2024 - 7:30AM
Photocat A/S Announces Call of Warrants by Key Personnel
21 June 2024
Photocat A/S Announces Call of Warrants by Key
Personnel
Copenhagen, Denmark – Photocat A/S, a leader in innovative
solutions for air purification, today announced that several top
executives and board members have exercised a total of 145,000 call
warrants. This transaction has led to the issuance of new shares,
raising a total of SEK 1.3 million.
Details of Warrant Exercise:
- Mette Therkildsen,
Board Chairperson: 50,000 shares
- Michael Humle, CEO:
50,000 shares
- Jesper Elsgaard,
CBO: 25,000 shares
- Henrik Jensen, CTO:
10,000 shares
- Theis Reenberg,
Founder: 10,000 shares
Each warrant entitles the holder to purchase one share of
Photocat A/S at a fixed price of SEK 9 per share. This price is
based on the Black-Scholes valuation model.
Market Value and Exercise Price: The Board of
Directors has set the exercise price at SEK 9 per share, reflecting
the company's strong market position and growth prospects.
Executive Quotes: Mette Therkildsen commented,
"I am truly impressed and gratified to see our team's commitment to
our mission of purifying air. The support from our employees is a
testament to the potential impact of our solutions on reducing
early childhood mortality due to pollution—a critical issue
highlighted in a recent report by The Guardian."
Photocat A/S is dedicated to developing
technologies that actively reduce air pollution, contributing to
healthier urban environments. Our solutions leverage advanced
photocatalytic technology to decompose harmful pollutants and
improve air quality.
The Board of Directors
For More Information, Please
Contact:Michael Humle, CEO Photocat
A/S Tel:
+45 2210
2523 e-mail:
michael@photocat.net
The information was submitted for publication, through the
Agency of the contact person set out below at 13.30 on June 21,
2024.
About PhotocatPhotocat manufactures patented
coating materials for both outdoor and indoor applications with the
effect to degrade NOx and VOC´s when exposed to light. Both NOx and
VOC’s are severely damaging to human health. Photocat’s patented
technology is a very efficient and an economically viable
alternative to many of the traditional technologies targeting NOx
(e.g. bus catalysts, flue gas cleaning etc.). Photocat’s shares are
listed on Nasdaq Stockholm, First North with the ticker symbol
PCAT. The company’s Certified Advisor is Eminova Fondkommission
AB.
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