The last day of trading with the warrants of series TO7 in Terranet AB is today, May 29, 2024
May 29 2024 - 2:00AM
UK Regulatory
The last day of trading with the warrants of series TO7 in Terranet
AB is today, May 29, 2024
Today, May 29, 2024, is the last day of
trading with the warrants of series TO7 in Terranet AB (publ)
(“Terranet” or “the Company”). The exercise period for the warrants
of series TO7 runs up until June 3, 2024. Each warrant of series
TO7 gives the owner the right to subscribe for one (1) new B-share
in the Company. The exercise price for the warrants of series TO7
is SEK 0.073 per B-share.
If all the warrants of series TO7 are exercised,
the Company will receive approximately SEK 13.3 million before
issuing costs. To prevent the warrants expiring without value, the
holder must actively subscribe for new shares, no later than June
3, 2024. Alternatively, the holder may sell the warrants, no later
than today, May 29, 2024. Please be aware that certain nominees may
close their application earlier than June 3, 2024. Complete terms
and conditions for the warrants are available at the Company’s
website, www.terranet.se/en.
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.
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.
- Terranet - Last day of trading TO7
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