Veg of Lund AB (publ) carries out a new directed issue of shares for conversion of loan
The Board of Directors of Veg of Lund AB (publ) (”Veg of Lund” or the “Company”) has today resolved to carry out a new issue of shares with deviation from the shareholders’ pre-emption rights of, in total, 270,945 shares to one of the loan givers in accordance with the loan agreement which is more thoroughly described in the press release which was published on 29 April 2023.
In April 2023 Veg of Lund entered into a loan agreement with a group of five loan givers. The loan agreement contained an individual right for conversion for each loan giver, where repayment could be made with the Company’s shares. One of the loan givers, Torbjörn Malmsjö through Svarta Tornet Invest AB, has now requested conversion of his claim which together with accrued interest amounts to, in total, SEK 512,086.
The Company’s Board of Directors has, on the basis of this request, with the support from the authorization from the Annual General Meeting held on 14 June 2023, today resolved on a new issue of 270,945 shares to the loan giver. The subscription price per share in the directed new issue amounted to SEK 1.89 and entails a discount of 10 percent in relation to the volume weighted average share price for the Company’s share during a period of 10 trading days which ended the day before the loan giver’s request.
The new issue of shares entails that the number of shares is increased with 270,945 and the share capital is increased with SEK 17,340.480. The new issue of shares generates a dilution effect of 1.09 percent. After the new issue of shares the number of shares in Veg of Lund amounts to 24,888,569 and the share capital amounts to SEK 1,592,868.420.
For more information, please contact:
Veg of Lund AB
Fredrik Carling, CEO
Telephone: +46 703 121 942
E-mail: [email protected]
This information is such that Veg of Lund AB (publ) is obligated to disclose pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 21 June 2023 at 07.45 CEST.
About Veg of Lund AB (publ)
Veg of Lund AB (publ) develops, markets and sells plant-based foods that meet consumer demands for taste and sustainability. Veg of Lund has its roots in research at Lund University and the company’s business concept is to use its knowledge, patented methods and innovative solutions to develop and sell tasty, climate-smart and locally produced products based on potatoes. Veg of Lund offers alternatives to dairy products (milk drinks) and snacks (smoothies) and also develops meat alternatives. The company’s products are sold under the DUG brand to consumers, restaurants and food companies in Sweden, Switzerland, Denmark, England and Ireland. The company has the ambition to expand mainly in Europe and Asia. The share is listed on Nasdaq First North and trades under the name VOLAB. Read more at ir.vegoflund.se. Mangold Fondkommission AB is the company’s Certified Adviser and can be contacted by phone: +46 8 5030 15 50 or e-mail: [email protected].