The Share Issue relates to conversion of a loan amount of €750,000 including accrued interest at the request of a Company lender, Ivo van Laar Beheer B.V, pursuant to a loan agreement disclosed on
Each share is issued at a subscription price of €0.015 pursuant to the terms of the loan agreement, corresponding to a premium of 7.3 percent relative to the volume-weighted average price for the Company’s share on Nasdaq First North during the period from and including
The reason for the deviation from shareholders’ preferential rights is to fulfil the company’s contractual obligations under a loan agreement entered into with Ivo van
The Share Issue will increase the number of outstanding shares in the Company from 1,025,928,865 to 1,076,345,531. The share capital will increase by approximately €13,200.38, from approximately €268,614.68 to approximately €281,815.07. Dilution from the Share Issue amounts to approximately 4.68 percent of share capital and votes.
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