STOCKHOLM, May 18, 2018 /PRNewswire/ -- The Annual
General Meeting 2018 of TF Bank AB resolved to adopt a warrants
program 2018:1 and thus a directed issue to three elected senior
executives. TF Bank announces today that the warrants have been
fully subscribed by Mikael Meomuttel, Espen
Johannesen and Mikael
Johansson, which acquired one-third of the total number of
warrants, respectively, at the price SEK
2.03 per warrant.
Each warrant entitles the holder to subscribe to one (1) share
in TF Bank. The subscription of shares under the warrants may take
place from 14 May 2021 until
13 June 2021 at the subscription
price of SEK 120 per share.
For full terms of the warrants program 2018:1, see the notice
convening the Annual General Meeting
2018: www.tfbankgroup.com/en/notice-of-annual-general-meeting-in-tf-bank-ab-publ/
Shares and share capital
At full subscription
with the exercise of all warrants, 1,372,340 new shares can be
issued corresponding to a dilution of approximately 6 percent of
the total number of shares and voting rights in TF Bank, subject to
the conversion of the number of shares each warrant entitles to
subscribe which may occur as a result of certain issues etc. Upon
the exercise of all warrants, the company's share capital will
increase by no more than SEK
6,861,700.
About TF Bank
TF Bank is an internet-based
niche bank offering consumer banking services through its
proprietary IT-platform with a high degree of automation. The
company's IT platform is designed for scalability and adaptation to
different products, countries, currencies and digital banking
solutions. TF Bank carries out deposit and lending activities with
consumers in Sweden, Finland, Norway, Denmark, Poland, Germany, Estonia and Latvia through subsidiary, branch or
cross-border banking. The business is divided into two segments:
Consumer Lending and Ecommerce Solutions.
For further information, please contact:
Mikael
Meomuttel,
CFO and Head of Investor Relations
+46(0)70-626-95-33
This information was brought to you by Cision
http://news.cision.com
http://news.cision.com/tf-bank-ab--publ-/r/senior-executives-in-tf-bank-subscribe-fully-to-the--warrants-program,c2524513
The following files are available for download:
http://mb.cision.com/Main/13973/2524513/843984.pdf
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