The Board of Directors has resolved to carry out directed issues of units totaling approximately SEK 25 million and a fully underwritten rights issue of units of approximately SEK 15 million
To compensate the shareholders who do not participate in the Directed Issues, the Board of Directors of Terranet, subject to subsequent approval by the Annual General Meeting, has resolved on a fully secured rights issue of a maximum of 13,880,714 units consisting of B-shares and warrants of series TO9 B, which, if fully subscribed, will provide the Company with approximately SEK 15 million before deduction of issue costs (the "Rights Issue”).
Preliminary timetable for the Rights Issue April 25, 2025 Last day of trading in B-shares including the right to receive unit rights April 28, 2025 First day of trading in B-shares excluding the right to receive unit rights April 29, 2025 Record date for the Rights Issue May 26, 2025 Disclosure of the Memorandum May 27, 2025 – June 5, 2025 Trading with unit rights May 27, 2025 – June 11, 2025 Subscripition period May 27, 2025 – June 30, 2025 Trading in paid subscribed units (BTU) June 13, 2025 Preliminary date for publication of the outcome in the Rights Issue Annual General MeetingThe Board of Directors' resolution regarding the Second Directed Issue and the Rights Issue is subject to approval by the Annual General Meeting, which will be held on May 23, 2025.
The Board of Directors of Terranet AB (”Terranet” or the ”Company”) has today, April 16 2025, with authorization from the annual general meeting on May 21, 2024, decided to carry out a directed issue of 2,956,297 units consisting of B-shares and warrants of series TO9 B to a number of qualified investors of approximately SEK 8.8 million (the "First Directed Issue”).
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