Calmark's Rights Issue registered – paid subscription units (BTU) are converted to shares and subscription warrants, and trading of subscription warrants commences

Calmark's Rights Issue registered – paid subscription units (BTU) are converted to shares and subscription warrants, and trading of subscription warrants commences

Pressmeddelanden
Press releases
Calmark Sweden AB ("Calmark" or "the Company") has carried out a rights issue of units to an amount of approximately MSEK 24.1. The rights issue was completed on 29 November 2019. The rights issue resulted in subscriptions for a total value of approximately MSEK 34.6, corresponding to a subscription rate of about 142.4 percent. The rights issue is now registered with the Swedish Companies Registration Office. The last day of trading in paid subscription units (BTU) is 3 January 2020. The record date is 8 January 2020; after this day, BTU will be converted to B shares and subscription warrants. The newly issued B shares and subscription warrants are expected to be delivered to the shareholders' securities deposit/vpaccounts on 10 January 2020. Trading of subscription warrants of series TO 2 B on Spotlight Stock Market will commence on 10 January 2020.

After registration of the rights issue  with the Swedish Companies Registration Office, the total number of shares in the Company amounts to 20,258,382, and the share capital amounts to SEK 2,025,838.20.

Summary of the terms for the subscription warrants

Each series TO 2 B subscription warrant entitles the holder to subscribe for one B share, at a subscription price calculated as 75 percent of the volume-weighted average price during the period 12 October 2020 up to and including 23 October 2020, but not less than SEK 4.20 or more than SEK 6.60. Subscription for B shares in the Company with series TO 2 B subscription warrants will be possible during the period between 4 December 2020 and 16 December 2020 inclusive. On full exercise of all Series TO 2 B subscription warrants issued in the rights issue, the Company's share capital will increase by at most SEK 245,556.00, through the issue of at most 2,455,560 B shares. The Company's share capital will then amount to SEK 2,271,394.20, distributed over 22,713,942 shares.

Every care has been taken in the translation of this document. In the event of discrepancies, the Swedish original will supersede the English translation.