The exercise period for warrants of series TO3 begins today
NOT FOR RELEASE, PUBLICATION, OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO THE UNITED STATES, AUSTRALIA, BELARUS, HONG KONG, JAPAN, CANADA, NEW ZEALAND, RUSSIA, SWITZERLAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE ACTION OTHER THAN THAT REQUIRED BY SWEDISH LAW.
Today, on February 9, 2024, the subscription period begins for the warrants of series TO3 in Pharmacolog i Uppsala AB (“Pharmacolog” or the “Company”). The subscription period runs until February 23, 2024.
Summarized terms for the warrants of series TO3:
Exercise period: February 9, 2024 – February 23, 2024.
Issue volume: 46,739,208 warrants of series TO3 entitle the subscription of 46,739,208 series B shares. At full exercise, the Company receives approximately SEK 2.5 million before issue costs.
Subscription price: SEK 0.054 per share.
Last day of trading with warrants of series TO3: February 20, 2024.
Share capital and dilution: At full exercise of the warrants of series TO3, the share capital increases by SEK 467,392.08, from SEK 662,503.42 to SEK 1,129,895.50. The number of shares increases at full exercise by 46,739,208 shares series B, from 66,250,342 to 112,989,550. Dilution at full exercise amounts to approximately 41.37 percent of the existing number of shares and votes in the Company.
Please be advised: The invested amount must be rounded up to two decimal places.
Please note that the warrants not exercised by February 23, 2024, or disposed no later than February 20, 2024, will expire worthless. To prevent the expiration of the warrants, active subscription of shares or disposal of the warrants is required.
How the warrants are exercised:
Nominee-registered warrants (Custody account)
Subscription and payment by exercise of warrant shall be made in accordance with instructions from the respective nominee. Please contact your nominee for further information.
Direct-registered Warrants (Securities account)
No accounts for issuing nor any instructions regarding payments will be sent out. Subscriptions will be made through simultaneous payment in accordance with the instructions on the application form. The warrants will then be replaced by interim shares awaiting registration by the Swedish Companies Registration Office.
Advisors
Mangold Fondkommission AB is the financial advisor to Pharmacolog in connection with the exercise of the warrants. Eversheds Sutherland Advokatbyrå AB is the legal advisor to the Company in connection with the exercise of the warrants.