Online broker Nordnet has, following a resolution at the Annual General Meeting on April 27, completed a buyback of warrants settled through the issuance of new ordinary shares, according to a press release.
Through the buyback offer, Nordnet has repurchased a total of 273,908 warrants. Consideration for the repurchased warrants will be paid in the form of 100,289 newly issued shares.
Following the buyback offer, 139,509 warrants remain outstanding, which may be exercised for the subscription of new ordinary shares.
Nordnet AB (publ) is a Sweden-based company that offers a digital platform for savings and investments. Nordnet's core business is savings and investments. Via nordnet's digital platform, savings and investments are offered in a number of financial products at low costs, as well as a number of selected loan products. The platform is aimed at private savers in Sweden, Norway, Denmark and Finland and is available via nordnet's Web services, app and a number of trading applications developed by partners of the Company. Nordnet also runs one of the Nordic region's social investment network, which enables Nordnet's customers to follow other investors and see their investments. The company has a total of more than half a million members on its various social channels and networks.
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