Press releases

Press releases

The board of directors of Fragbite Group AB (publ) has subscribed to TO2 2021/2022 warrants

Regulatory06 July, 2021 at 14:10

At the annual general meeting held on 29 June 2021 it was resolved to issue not more than 550,000 TO2 2021/2022 warrants. The warrants would be subscribed for no later than 6 July 2021. According to the resolution the chairman of the board could subscribe for a maximum of 150,000 warrants and any of the other board members for a maximum of 100,000 warrants. The chairman of the board and the other board members have subscribed to the maximum amount of warrants and the directed issue of TO2 2021/2022 warrants was thereby fully subscribed.

For every warrant an amount of SEK 0.11 is payed corresponding to the market value determined according to an external valuation by application of a generally accepted valuation model (the Black & Scholes model).
Each warrant carries a right to subscribe for one (1) new share in the company at a subscription price of SEK 8.00 per share during the period from and including 1 July 2022 to and including 15 July 2022. If all TO2 2021/2022 warrants are exercised for subscription of shares, the company’s share capital will increase by a maximum of SEK 9,166.51 and the number of shares by 550,000.

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