Today, May 22, 2024, is the last day of trading in the Tellus Group’s Series TO2 warrants
Published: May 22, 2024
Today, May 22, 2024, is the last day of trading in Series TO2 warrants in Tellusgruppen AB (publ) (“Tellusgruppen” or “the Company”). The subscription period for the Series TO2 warrants runs through May 27, 2024. Each Series TO2 warrant entitles the holder to subscribe for one (1) new share in Tellusgruppen. The subscription price for the Series TO2 warrants is SEK 6.00 per share.
If all Series TO2 warrants are exercised, the Company will receive approximately SEK 8.6 million before issuance costs. To prevent the warrants from expiring worthless, the holder must actively subscribe for shares no later than May 27, 2024, or sell the warrants no later than today, May 22. Please note that certain custodians may close their registration earlier than May 27, 2024.
The full terms and conditions for the warrants are available on the Company’s website, www.tellusgruppen.noboxdesign.se.
Summary terms and conditions for Series TO2 warrants:
Subscription period: May 13, 2024 – May 27, 2024
Issue volume: 1,427,594Series TO2 warrants entitle the holder to subscribe for 1,427,594 shares. Upon full exercise, the Company will receive approximately SEK 8.6 million before issuance costs
Subscription price: SEK 6.0 per share
Last day of trading in Series TO warrants: May 22, 2024
Share capital and dilution: Upon full exercise, the share capital will increase by approximately SEK 71,151.30, from approximately SEK 731,572.85 to approximately SEK 802,724.15. Upon full exercise, the number of shares will increase by 1,472,594 shares, from 14,678,424 shares to 16,106,018 shares. The dilution upon full exercise amounts to approximately 8.86 percent of the number of shares.
Please note that warrants not exercised by May 27, 2024, or sold by May 22, 2024, will expire worthless. To prevent the warrants from expiring, active subscription for shares or sale of the warrants is required.
How to exercise the warrants:
Nominee-registered warrants (custody account):
Subscription and payment through the exercise of the warrant must be made in accordance with instructions from the respective nominee. Please contact your nominee for further information.
Directly registered warrants (VP account):
No issue statement or payment instructions will be sent out. Subscription must be made through simultaneous cash payment in accordance with the instructions on the subscription form. The warrants will then be replaced with interim shares pending registration with the Swedish Companies Registration Office.
The application form with payment instructions is available on the Company’s website www.tellusgruppen.noboxdesign.se.
Advisors
Mangold Fondkommission AB is the financial advisor and Hellström Advokatbyrå KB is acting as legal advisor in connection with the Offering. Mangold Fondkommission AB is the underwriter in connection with the Offering.
