Exercise of call option for shares in Swedish Stirling

David Zaudy has exercised a call option for 156,250 shares in Swedish Stirling AB (publ) at a strike price of SEK 8 per share, in accordance with a call option issued by OÜ Dagny in connection with Swedish Stirling’s issue of convertible bonds in March 2020. On account of this, OÜ Dagny sells shares in the company.

Swedish Stirling’s main owner OÜ Dagny (”Dagny”) has transferred 156,250 shares in Swedish Stirling due to the exercise of a call option issued by Dagny at a strike price of SEK 8 per share. Dagny is a company wholly-owned by the chairman of the board, Sven Sahle. The call option was issued in connection with that Swedish Stirling carried out an issue of convertible bonds of MSEK 100, which was announced on 7 March 2020.

The exercised call option could be exercised up until and including 6 March 2022. Since the call option is issued by Dagny, the exercise does not entail any dilution for other shareholders in Swedish Stirling.