In the ongoing exercise of TO 3, PHI has agreed on an underwriting commitment with
The underwriting commitment is a so-called "top-down guarantee" or "top guarantee", which means that if TO 3 is exercised to 88 percent, underwriting subscription is executed for the remaining 10 percent up to a fully subscribed TO 3. The underwriting commitment is thus added to the current subscription level for TO 3 and aims to ensure the last part of the subscription in the warrant exercise in case all TO 3 are not exercised by existing holders. No compensation is paid for the underwriting commitment. The underwriting commitment has not been secured through advance transaction, bank guarantee or similar.
If underwriting commitment is activated, subscription of shares will take place through a directed share issue which will be carried out after the exercise period for TO 3 has ended. Subscription in such directed new share issue will take place to the established price for TO 3 and only to the extent that TO 3 has not been exercised by existing holders within the context of the size of the underwriting commitments (equivalent to a maximum of 400,000 shares in the Company). The Board of Directors will not decide on the directed share issue to use the underwriting commitment in case the Board of Directors does not consider it justifiable taking into account a customary issue cost.
Advisors
In connection with the exercise of warrants of series TO 3,
For more information about the warrants of series TO 3, please contact:
Phone: +46 (0) 40 615 14 10
E-mail: cf@sedermera.se
www.sedermera.se
This disclosure contains information that
For additional information, please contact:
E-mail: ir@phiab.com
Web: www.phiab.com - Live cell imaging & analysis
https://news.cision.com/phase-holographic/r/phi-enters-into-underwriting-commitment-with-altium-in-ongoing-exercise-of-to-3-warrants,c3755196
https://mb.cision.com/Main/11597/3755196/2000149.pdf
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