Solwers organizes a directed share issue in connection with the acquisition in Sweden

Solwers Plc Company release, 29 January 2024 at 10.45 EEST

Solwers Plc is organizing a directed share issue for the seller in connection with the Relitor AB acquisition announced in a press release today. Part of the purchase price has been agreed to be paid with Solwers Plc's shares. The share issue will be implemented based on the authorization given to the board by the Solwers Plc's general meeting on April 21, 2023.

For the company, there is a compelling financial reason for deviating from the shareholders' pre-emptive right, because the directed share issue is related to a corporate reorganization in line with the company's growth strategy. The subscription price of the shares is EUR 4.77 per share, which is the weighted average price of Solwers Plc's quotation on the First North Growth Market for the month before the acquisition. The number of new shares to be directed to the seller is 58,071 shares. Registration of new shares is expected to take place during February 2024.

As a result of this issue, the total number of shares issued by Solwers Plc will increase from 9,946,334 shares to 10,004,405 shares. The numbers include the shares from the share issue related to the acquisition of WiseGate AB in January, which have not been registered at the time of the release.  

A 24-month transfer restriction on new shares will be recorded in the sellers' book-entry accounts.

Solwers Plc

Board of Directors

Certified advisor: UB Corporate Finance Oy, [email protected]

__