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Press releases

Exercise of over-allotment option and discontinuation of the stabilization period

Regulatory11 August, 2021 at 22:00

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, WHETHER DIRECTLY OR INDIRECTLY, IN AUSTRALIA, HONG KONG, JAPAN, CANADA, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SOUTH KOREA, OR ANY OTHER JURISDICTION WHERE SUCH ACTION WOULD BE ILLEGAL, UNAUTHORIZED OR REQUIRE REGISTRATION OR OTHER ACTION ACCORDING TO APPLICABLE LAW. SEE ALSO UNDER "IMPORTANT INFORMATION" BELOW.

As published on 12 July 2021 in the press release regarding the first day of trading in Fragbite Group AB's (publ) ("Fragbite Group" or "the Company") shares on Nasdaq First North Growth Market (the "Offer" and "First North" respectively), ABG Sundal Collier ASA (“ABG”) had the opportunity, in its capacity as stabilization manager, to carry out transactions in Fragbite Group shares in order to keep the market price of the share at a level higher than the level that might otherwise prevail in the market.

Stabilization transactions in the Fragbite Group share may have been undertaken on First North, the OTC market or in other way, at any time from the first trading day on First North (July 12 2021) and for a maximum of 30 calendar days thereafter. However, ABG has not had any obligation to enter into stabilization transactions, nor has it provided any guarantees that stabilization would take place. Stimulation that has begun has also been able to cease at any time without warning. Stabilization transactions could not be carried out at a price in excess of the price set in the Offering (ie SEK 4.00 per share).

ABG has announced that stabilization measures for a total of 215,647 shares in the Company have been carried out in accordance with Article 5 (4) of the EU Market Abuse Regulation (EU No. 596/2014). All stabilization measures have been implemented at First North. The stabilization period regarding the Offering has now ended and no further stabilization transactions will be carried out. Below is a summary of the stabilization transactions that have been carried out during the stabilization period in accordance with the press releases on July 23 2021. The contact person at ABG is Staffan Kemstedt, telephone: +46 8 566 286 20.

The Company, in relation to the Offering, undertook a share issue of a further maximum of 215,647 new shares in Fragbite Group within 30 days from the first day of trading on First North, at the request of ABG, to cover any over-allotment in connection with the Offering (the “Over-allotment Option”). Since ABG, in accordance with what is stated below, has executed stabilization transactions comprising 215,647 shares in the Company, ABG has today announced that the Over-allotment Option has been exercised and it corresponds to 215,647 new shares. See also information below regarding share capital and total number of shares in the Company after registration of the new shares under the Over-allotment Option.

Stabilization information
Issuer: Fragbite Group AB (publ)
Security: Stock (ISIN: SE0015949334)
The size of the Offering: 5,750,000 shares (including the Over-allotment Option)
The Offering price: 4.00 SEK
Market: Nasdaq First North Growth Market
Ticker: FRAG
Stabilization manager: ABG Sundal Collier ASA
Stabilization measures
Date Quantity (number of shares) Highest price (SEK) Lowest price (SEK) Weighted average price (SEK) Currency Market
2021-07-16 152,717 4 4 4 SEK Nasdaq First North Growth Market
2021-07-19 45,182 4 4 4 SEK Nasdaq First North Growth Market
2021-07-20 17,748 4 4 4 SEK Nasdaq First North Growth Market

Change in share capital and the number of shares in the Company

As of today, the company's share capital amounts to 1,360,148.82 SEK divided into 81,610,303 shares, each with a quota value of 0.01667 SEK. After registration of the 534,353 new shares as a result of the Over-allotment Option, and with consideration to ABG´s stabilization transactions, with the Swedish Companies Registration Office, the Company's share capital will amount to 1,369,054.55 SEK divided into 82,144,656 shares. No additional shares will be registered as a result of the Offering including the Over-allotment Option.

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