Exercise of warrants in Better Collective A/S; Board of Directors issues 47,011 new ordinary shares
In the exercise window which opened on August 23, 2023 following Better Collective’s Q2 report and closed on September 6, 2023, 12 employees have informed the company that they wish to exercise 47,011 warrants under the 2019 warrant program.
Regulatory Release 42/2023
For the 2019 warrant program, reference is made to schedule 3 of the company’s articles of association for detailed terms of conditions of the warrants. Following the exercise, 922,086 warrants remain outstanding under the 2019 warrant program, all with rights to subscribe for 1 ordinary share in Better Collective A/S against payment of an exercise price of DKK 64.78 per warrant.
Today, Better Collective’s board of directors resolved to carry out the capital increase related to the exercise of warrants.
The new shares will be issued through Euronext Securities under the Company's ordinary ISIN DK0060952240 and be listed and tradable on Nasdaq Stockholm following registration of the new share capital with the Danish Business Authority.
The new shares will entail a dilution of approximately 0.09 percent for existing shareholders of Better Collective A/S.
The total share capital of Better Collective A/S following the issue is nominally EUR 552,238.47 made up of 55.223.847 shares of each EUR 0.01.
